Golar LNG Signs Finance Lease Agreement for Gimi FLNG

Marine LNG infrastructure company Golar LNG has signed a finance leasing agreement with a consortium of Chinese lenders for the refinancing of the Gimi FLNG vessel. The vessel is situated at the Greater Tortue Ahmeyim (GTA) project offshore Senegal and Mauritania.

The sale leaseback facility is estimated at $1.2 billion and will refinance the existing Gimi FLNG debt facility. The facility will close within Q2, 2025, with a tenure of 12 years. Following the closing of the existing debt facility, Golar LNG is on track to generate net proceeds of $530 million.

The Gimi FLNG vessel received first gas from the GTA FPSO in January 2025. Representing the first major offshore LNG project in both Senegal and Mauritania, GTA is set to produce 2.3 million tons of LNG per annum in the first phase.