Southern Energy reaches FID for floating LNG carrier
Argentina’s Southern Energy has reached final investment decision for the charter of maritime infrastructure firm Golar’s 3.5 million tonnes per annum MK II FLNG carrier.
The commercial terms for the 20-year agreement include net charter hire to Golar of $400m per year, plus a commodity linked tariff component of 25% of FOB prices in excess of US$8/mmbtu.
The FLNG, currently under conversion in China, will sail to Argentina following her redelivery, with contract start-up expected during 2028. The MKII FLNG will be moored in the San Matías Gulf near the FLNG Hilli, which is expected to start its 20-year charter with SESA during 2027.
Combined, the two units have a nameplate capacity of 5.95 mtpa, and the project expects to benefit from significant operational efficiencies and synergies from two FLNGs in the same area.
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