Equatorial Guinea: Fortuna in offtake deal with Gunvor

The Ministry of Mines and Hydrocarbons, Ophir Energy, Golar-Schlumberger joint venture OneLNG and GEPetrol have named Gunvor Group as their preferred offtaker from the Fortuna floating liquefied natural gas project. All parties have agreed the main commercial terms subject to finalising a sale and purchase agreement for the offtake ahead of the final investment decision (FID) on the Fortuna FLNG project, expected later this year.Gunvor is committed to taking the full contract capacity of the Gandria FLNG vessel of 2.2m t/yr, which will be purchased on a Brent-linked, free on board basis for a ten-year term.