Cameroon: Floating LNG Scheme

London-based Golar LNG has signed a preliminary heads of agreement with Société Nationale des Hydrocarbures (SNH) and Perenco Cameroon for the development of a floating liquefied natural gas (LNG) export project located 20km off the southern coast. The agreement is premised on the allocation of 500bcf of natural gas reserves from Perenco’s offshore Kribi fields, which will be exported to global markets via the Golar Hilli vessel, now under construction at the Keppel shipyard in Singapore. Golar will provide the liquefaction facilities and services under a tolling agreement to SNH and Perenco as owners of the upstream joint venture.