Given the bright prospects associated with FLNG, Golar LNG's (GLNG) decision to ink the long-term FLNG deal in Argentina is highly prudent.
Golar LNG Ltd. (“Golar”) has entered into definitive agreements with Pan American Energy (“PAE”) for a 20-year deployment of a Floating Liquefied Natural Gas (“FLNG”) vessel in Argentina. The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resources. The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter. This strategic venture is
Key Insights Given the large stake in the stock by institutions, Golar LNG's stock price might be vulnerable to their...