BC LNG Export Co-Operative LLC Finalises Contract Awards
Golar LNG Limited ("Golar" or "the Company") today confirms that the BC LNG
Export Co-Operative, LLC has finalized contract awards for both feed gas supply
and LNG purchase and off-take for train #1 of the Douglas Channel LNG Project
("DC Project"). Â Â The contract award for LNG purchase and off-take was made
jointly to Golar and LNG Partners, LLC (Houston, TX) ("LNG Partners") and the
contract award for feed gas supply was made to LNG Partners.
The DC Project is being jointly developed by the Haisla Nation and Douglas
Channel Gas Services Ltd and is expected to produce approximately 700,000 metric
tonnes per annum of liquefied natural gas from the initial planned production
facility beginning in the second quarter of 2015.
Golar's participation in the project and its commitment to the LNG off-take
remains subject to the Company reaching agreement with the current proponents of
the DC Project for financing of the facilities, and receipt of all permits
required for the project to proceed on a firm basis.
January 18, 2013
Golar Management Limited - + 44 207 063 7900
This information is subject of the disclosure requirements acc. to Â§5-12 vphl
(Norwegian Securities Trading Act)
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Source: Golar LNG via Thomson Reuters ONE