Golar LNG, a leading company in marine LNG infrastructure, has finalized a finance lease agreement with a group of Chinese lenders to refinance the Gimi Floating LNG (FLNG) vessel. The vessel is currently stationed at the Greater Tortue Ahmeyim (GTA) project, located offshore between Senegal and Mauritania.
The leaseback facility, valued at $1.2 billion, will replace the existing debt financing for the Gimi FLNG. The financial agreement is expected to close in the second quarter of 2025 and will have a tenure of 12 years. Upon completion, Golar LNG is set to generate net proceeds of approximately $530 million.
The Gimi FLNG project received its first gas supply from the GTA floating production storage and offloading (FPSO) unit in January 2025. This marks the first significant offshore LNG project in Senegal and Mauritania, with the first phase projected to produce 2.3 million tons of LNG annually.
Source: offshore-energy.biz
