Asset Report

Southern Energy LNG Phase 2

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Southern Energy LNG Phase 2 is the second phase of Southern Energy S.A.’s (SESA’s) under-construction floating LNG terminal in the Gulf of San Matias in Rio Negro, Argentina. The phase will deploy Golar LNG’s (Golar’s) 3.5 mmtpa MK II FLNG unit from late 2028 under a 20-year charter agreement. The unit will operate alongside Southern Energy LNG Phase 1 – which will deploy Golar’s 2.45 mmtpa Hilli FLNG unit from 2027 under a similar charter agreement.

Table of contents

  • Summary
  • Key Issues
    • Economic Assumptions
    • LNG Plant Economics

Tables and charts

This report includes the following images and tables:

    Commercial structure of Southern Energy LNG Phase 2
    Modelled LNG Output of Southern Energy LNG Phase 2Ownership in SESA and upstream fieldsUpstream breakevens and pro-rata share for SESA feedgas

What's included

This report contains:

  • Document

    Southern Energy LNG Phase 2

    PDF 3.57 MB