Golar & Rosneft sign a MoU for Cooperation in FLNG Area

Golar LNG Limited (Golar) and Rosneft Oil Company (Rosneft) have entered into a Memorandum of Understanding (MoU) that foresees cooperation between the companies in the area of floating liquefaction (FLNG) 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 targeting signing of two FLNG tolling agreements for projects within Rosneft's portfolio.

This memorandum between Golar and Rosneft represents an opportunity for both companies to clearly align their objectives, combining Golar's leading midstream LNG credentials (liquefaction, transportation and regasification) and Rosneft's world class upstream portfolio.