Golar LNG says Fortuna project may need new partners
5/31/2018
LONDON, (Reuters) - Golar LNG said financing for the flagship Fortuna liquefied natural gas project in Equatorial Guinea was "increasingly unlikely in the short-term" and may need additional equity partners after Schlumberger left the venture.
Chief Executive Iain Ross said financing may take more time to find for the project which is headed by Ophir Energy and for which Golar planned to provide a floating LNG terminal.
"We still continue to believe in the project," Ross told investors at a conference call following the company's first quarter results.
(Reporting by Sabina Zawadzki; Editing by Adrian Croft)
Sign up to Receive Our Newsletter
- Cheniere signs deal with Bechtel to expand U.S. LNG export capacity
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- Baker Hughes’ fuel flexible NovaLT™ 16 gas turbine certified by RINA for marine propulsion
- Commonwealth LNG FID attracts global syndicate of leading banks
- Dozens injured, 18 missing after blast during restart at giant Qatar LNG site
Comments