Golar LNG has entered into final agreements with PAE for a 20 year deployment of a floating LNG (FLNG) vessel in Argentina.
This strategic venture is built on a robust commercial foundation, featuring an agreement from PAE for the supply of gas and a FLNG charter agreement with Golar.
As part of the agreements, Golar will hold a 10% stake in Southern Energy S.A., a dedicated joint venture with PAE, responsible for the purchase of domestic natural gas, operations, sale and marketing of LNG volumes from Argentina.
Karl Fredrik Staubo, Golar’s CEO, says: ‘We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America. The project will provide an international outlet for Argentina’s vast and attractive natural gas reserves, creating value to Argentina and its gas stakeholders. The project expands Golar’s global footprint, with further growth potential.’
The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.
