Professional Documents
Culture Documents
Constructor
MMTPA
Golar
SHI
2.0
Excelerate
TBA
Gasol (Socar)
Lease sought
Sponsor(s)
Earliest
Location
Vessel Name
Est. Cost
2015
Ghana
Golar Tundra
100
3.8
Q4 2016
Ghana, Aboadze
500
1.5
2016
Benin, Cotonou
Op.
Harbour
Source: Visiongain 2015
Table 5.12 Planned African LNG FPSO Projects (Sponsor, Constructor, MMTPA,
Status, Earliest Operation, Location, Estimated Cost ($bn))
Main Sponsor(s)
Ophir Energy Plc,
Construct
or
TBD
MMTPA
Status
Earliest Op.
Location
FID 2016
2019
Equatorial
Excelerate
Golar (with SNH, EDF,
Cost
2.5
Guinea
Keppel
1.2
Perenco Cameroon
ENI Partners
Est.
Under
Q1 2017
construction
-
2.5
FID 2015-2016,
Cameroon,
.735
Kribi
2020
Mozambique
FEED by Daewoo
Ophir Energy Plc/BG
TBD
2.5
Concept
2020
Tanzania
2.5
TBD
TBD
Concept
TBD
Tanzania
TBD
Group
Shell
Source: Visiongain 2015
www.visiongain.com
Page 163
Another project boasting two floating liquefaction vessels with 4 mmtpa has recently applied to the
DOE for export approval. This project, is sponsored by the Delfin LNG, a joint venture company by
Fairwood Group and Peninsula Group. It has recently been approved to export US LNG to areas
with a FTA, and will be located 30 miles offshore Louisiana, costing around $2bn total. As of
February 2015 Delfin announced publically a non-binding Joint Development Agreement with
Hoegh LNG to construct their liquefaction vessels. This is not anticipated to actually take place.
This project, like many other onshore ones, is late to the development stage and is unlikely to
actually materialize given the advanced stage of other US LNG projects that will beat them to
market. The finances of this operation, in the wake of the oil crisis, are also weak.
Several similar but less certain projects have been submitted to the DOE for approval, though
exact details and the outcomes of their export license applications are, at time of publication,
www.visiongain.com
Page 225
HFW LLP: HFW is an international law firm with fourteen offices around the globe. We work on all
legal aspects involved in LNG and FLNG. In Australia in particular, weve done a lot of work on the
regulatory side. That is, how a FLNG unit will be treated under various pieces of legislation.
Generally legislation is not drafted with FLNG units in mind, so the question of how FLNG units will
be treated under various pre-existing legislation needs to be considered by operators and
contractors. I am involved in the construction and development side of FLNG project - how you
would structure the ownership of an FLNG unit, and dealing with all issues through to the design,
construction and operation of FLNG.
Visiongain: Do you mostly advise in Australia, or are you engaged in some of the projects
such as those headed to Columbia or developing in south east Asia?
HFW LLP: We advise on projects globally and work on projects across offices. Our London office
has been recently been involved in a project thats based in the gulf of Mexico, and another in
Africa. Lawyers in other offices, including me, have been involved as needed. Saying that, many
of the projects our Australian offices have been involved in have focused on local projects offshore
of Australia, where many FLNG projects are planned to occur.
www.visiongain.com
Page 235
$216.67m
(Order Value Divided Over Duration of EPC)
9.7%
Headquarters
Ticker
$178m
Hegh LNG, Drammensveien 134
0277 Oslo, Norway
HLNG:OL
Arild Jger,
IR Contact
aj@hoeghlng.com
http://www.hoeghlng.com
Website
Source: Visiongain 2015
Hegh LNG is part of Hegh LNG Holding Ltd, and originates with the common holding company,
Leif Hegh & Co. It is listed on the Oslo Stock Exchange. The company has been involved in the
LNG business for over 40 years and currently operates four FSRUs and five LNG carriers. Ship
management is handled at their office in Norway. The company is also invested in FEED studies
for LNG FPSOs with partners such as DSME and KBR. It refers to its FSRUs as Shuttle and
Regasification Vessels (SRVs).
Notes
Currently have two LNG carriers in operation.
Floating Regasification
www.visiongain.com
Page 254