Golar and partners take FID on Argentina’s Southern Energy FLNG

Golar LNG and Southern Energy have taken FID on the first phase of the Southern Energy FLNG project in Argentina’s Rio Negro province. The agreement sees Southern Energy lease Golar’s Hilli Episeyo FLNG (2.45 mmpta) for 20-years. FID concludes an initial agreement announced in July 2024 and follows various regulatory approvals, including the first ever 30-year export licence in Argentina and qualification for the Incentive Regime for Large Investments (RIGI). Further, Golar and Southern Energy announced the signing of definitive agreements for the second phase of Southern Energy FLNG. It comprises a 20-year agreement for Southern Energy to lease Golar’s MKII FLNG (3.5 mmtpa), currently under conversion at the CIMC Raffles shipyard in Yantai, China. This agreement remains subject to FID and the same regulatory approvals that were granted for Southery Energy FLNG Phase 1