LNG

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...