(Offshore-energy.biz) Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG has sealed a deal with Pan American Energy (PAE), a Latin American integrated energy company, for a multi-year use of a floating LNG (FLNG) vessel, which will leverage Argentina’s prolific natural gas resources, positioning the South American country for further LNG expansion.
Envisaged as the first phase of a potential multi-vessel project, the 20-year deployment of an FLNG unit is expected to monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, which is said to be the world’s second-largest shale gas resources. This will help establish Argentina as an LNG exporter.
While explaining that other large natural gas producers in Argentina are anticipated to come on board, Golar LNG highlighted that definitive agreements with Pan American Energy build on a gas sales agreement from PAE for the supply of gas; and an FLNG charter agreement entailing a base tariff and commodity exposure to LNG sales prices.
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Source link : https://brazilenergyinsight.com/2024/07/05/20-year-flng-gig-in-south-america-opening-doors-to-lng-exports-club-for-argentina/amp/
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Publish date : 2024-07-05 09:21:40
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