LONDON--(Marketwire - Oct 10, 2012) - Golar LNG Limited announced today that it has
entered into a ninety day Vessel
Charter Option Agreement with LNG Partners, LLC (Houston, TX) to
provide two of its newbuild LNG carriers under long term charter
beginning Q1 2015. The Option is being provided by Golar to LNG
order to facilitate deliveries of LNG production from the Douglas
Project in British Columbia, Canada to DES LNG Buyers. In the
Partners and its DES LNG Buyers are successful in securing LNG off-take
project through participation in the Nomination Procedures of BC LNG
Co-Operative, then the Parties will enter into full Charter
standard industry terms.
Golar has 11 newbuild LNG carriers on order with Samsung Heavy
Hyundai Samho Heavy Indutries with the delivery of the initial vessel
for September 2013.
The Douglas Channel Project, in which LNG Partners is an equity owner,
proposed liquefaction facility on the west bank of the Douglas Channel,
the District of Kitimat (British Columbia) and the asserted
territory of the Haisla Nation. The project, through BC LNG
Co-Operative, has initiated a Request for Nominations for both feed gas
LNG off-take. Under the terms of the Initial Request For Nominations,
Co-Op Members must provide Nominations on or before October 19, 2012.
In consideration for this option agreement with LNG Partners, Golar will
certain preferential rights to participate with LNG Partners in the
Channel LNG Project, either through investment in infrastructure,
suitable export vessels, or LNG off-take.
Golar LNG Limited's Chairman John Fredriksen commented "We are
support the Douglas Channel LNG Project in its efforts to reach Final
Decision and believe that the venture has a great opportunity of becoming
America's First LNG Export Project in over 40 years."
Golar LNG Limited
October 10 2012
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Source: Golar LNG via Thomson Reuters ONE