The Hilli Episeyo FLNG project has exported its first LNG cargo, destined for China, and is on the way to producing its second cargo.
It is the first FLNG project to take off in Africa and could pave the way for future projects in Equatorial Guinea (Ophir's Fortuna project) and Mauritania (BP/Kosmos).
FLNG technology was been pursued by Golar after the cost of land based LNG projects soared. Golar has been converting old LNG tankers into liquefaction units and the Hilli Episeyo will be important to demonstrate the viability of FLNG as a solution to stranded gas.
All of the gas at the Cameroon Hilli Episeyo project is sold to Gazprom's trading arm for a period of 8 years. The capacity of the project is 1.2mmtpa.
#Perenco
