Golar agrees to provide FSRU for Ghana gas imports

Ghana could be the first country in sub-Saharan Africa to play host to a floating storage and regasification unit (FSRU)

Golar said on 4 November that it would provide WAGL with the newbuild 170,000cm Golar Tundra FSRU, which is being delivered from Samsung’s South Korean shipyard via Singapore later in November. WAGL is jointly owned by Nigerian National Petroleum Corporation (60%) and Sahara Energy Resource (40%). The contract will run for five years initially, with the option for WAGL to extend it for a further five years. Scheduled start up for the project is the second quarter 2016. Golar estimates the contract’s first-year earnings before interest, taxes, depreciation and amortization will be $44m. In October, Golar announced it had secured financing for the Golar Tundra, which it said would cost up to $