On 5th November , Pacific Rubiales Energy Corp. and Gazprom Marketing & Trade Limited announced the execution of a Heads of Agreement with respect to a five year Sale and Purchase Agreement covering approximately 0.5 million tons per year of liquefied natural gas (“LNG”) FOB Colombia (Caribbean Sea) commencing commercial operations in the second quarter of 2015, EXMAR said in its press release.
This LNG cargo will be produced in, and loaded from, EXMAR’s Caribbean FLNG barge. Last week, Wison Offshore & Marine Ltd successfully completed the installation of the three LNG storage tanks into the hull of the Caribbean FLNG barge, reaching a significant milestone in the construction of the world's first floating LNG production unit. With this major activity completed, the pathway is clear for installing the deck and topsides of the barge.
EXMAR’s CEO, Nicol as Saverys, stated “The execution of a Heads of Agreement between our customer, PRE, and the major international gas company GM&T is an important step in the implementation of the project’s marketing strategy. Having a leading gas company like GM&T signing off take from our Caribbean FLNG project is strong industry recognition of our barge - based FLNG strategy. Our project is progressing on schedule, and expected to be mechanically complete d in April 2014, with 'sail away' in the fall of 2014 in order to be ready to start commercial operations in the second quarter of 2015.”