×
×
Project Insights

Pioneering Gunvor snags Fortuna FLNG volumes

The Swiss trading house’s plan to take the full output from the LNG plant is seen as a bold move by analysts The Swiss trading house’s plan to take the full output from the LNG plant is seen as a bold move by analysts.
By Miriam Malek 22 August 2017 Middle East & Africa / LNG 0 27282
Petronas’s FLNG recently delivered commercial cargoes. (Petronas)

The selection of Gunvor as the preferred buyer for volumes from the Fortuna liquefaction plant offshore Equatorial Guinea represents a step into the unknown for the Swiss trading house.

Project partners Ophir Energy and OneLNG, alongside Equatorial Guinea’s mining ministry and the national oil company GEPetrol, said on Monday that they had agreed principal commercial terms with Gunvor subject to finalising a sales-and-purchase agreement. 

Gunvor will take the plant’s full capacity of 2.2 mtpa on a Brent-linked, free-on-board basis for 10 years. 

Two LNG trading sources told Interfax...