Rosneft, Golar LNG to partner on FLNG
3/5/2015
Rosneft and Golar LNG Ltd. have entered into a Memorandum of Understanding (MoU) that foresees cooperation between the companies in the area of floating liquefaction and transportation of natural gas.
Under this MoU, the companies will enter into discussions to develop opportunities for the use of Golar's GoFLNG facilities in Latin America and potentially other locations.
The parties are also targeting the signing of two FLNG tolling agreements for projects within Rosneft's portfolio.
Rosneft is the third largest gas producer in Russia. Rosneft gas production reached 42.1 Bcm in 2013, while its recoverable natural gas reserves topped 6.5 Tcm. The company target is to reach 100 Bcm of annual gas production by 2020.
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