FID due next year for West Africa FLNG vessels

NewAge's two small-scale FLNG projects will give it the chance to monetise stranded reserves and allow China to prove its shipbuilding capabilities NewAge's two small-scale FLNG projects will give it the chance to monetise stranded reserves and allow China to prove its shipbuilding capabilities.
By Leigh Elston 25 October 2017 0 28111
Eni platform off the Congolese coast A platform off the coast of Congo-Brazzaville. (Eni)

Jersey-based oil independent NewAge plans to take FID on two small-scale FLNG projects in West Africa next year. 

The vessels, which will be moored off Cameroon and Congo-Brazzaville, will allow NewAge to monetise reserves and offer the Chinese companies that will build them the chance to prove their capabilities. 

Both projects could be onstream in less than four years, NewAge Chairman Steve Lowden told delegates at the Africa Oil Week conference in Cape Town on Monday.

The FLNG vessel in Cameroon will use gas from the...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up