Golar to close finance on Brazilian LNG terminal and power plant in Q4

Golar expects the project to build an LNG terminal and gas-to-power plant in Sergipe will financially close in Q4 2017.
By Staff reporter 31 August 2017 0 27407

Golar, which is heading the consortium to build an LNG terminal and gas-to-power plant in Brazil’s northeastern state of Sergipe, expects the project to financially close in Q4 2017.

"The strengthening Brazilian currency against the US dollar, together with a more attractive financing solution than originally anticipated, are further enhancing what was already a most-attractive expected project return," said the company in a statement on Wednesday.

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