Snam and Golar LNG sign agreement for an FSRU to supply Sardinia with energy
18 May 2022 - 4:15PM
San Donato Milanese (Milan), Bermuda – May, 18,
2022 – Snam and Golar LNG Limited (“Golar”) signed a contract
through which Golar will deliver the existing LNG Carrier “Golar
Arctic” as a floating storage and regasification unit (FSRU) that
Snam will install in the port area of Portovesme, in Sardinia, as
part of a project to supply the island with energy.
The contract, for a total consideration of 269
million euros, includes the vessel and the capex for Golar to
convert the Golar Arctic into an FSRU with storage capacity for up
to 140,000 cubic meters. Further to the full conversion of the
vessel, the FSRU will be sold to the Snam Group.
Start of activities for the conversion of the
ship into an FSRU and related fulfillments are subject to Snam’s
issuance of a Notice-to-Proceed (NTP) and further to that the
conversion is expected to take about two years for the Golar Arctic
to be delivered.
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended). All statements, other than
statements of historical facts, that address activities and events
that will, should, could or may occur in the future are
forward-looking statements. Words such as “may,” “could,” “should,”
“would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,”
“believe,” “estimate,” “predict,” “propose,” “potential,”
“continue,” or the negative of these terms and similar expressions
are intended to identify such forward-looking statements. These
forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements.
You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Golar LNG undertakes no obligation to update
publicly any forward-looking statements whether as a result of new
information, future events or otherwise, unless required by
applicable law.
Enquiries:
Golar LNG Limitedstuart.buchanan@golar.com+44
207 063 7900
Snam: ufficio.stampa@snam.it+39 0237037273
This information is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act
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