Golar announce LNG Facility Cameroon

expat network

Golar announce LNG Facility Cameroon

Golar LNG announced plans today to develop a floating liquefied natural gas export project off the coast of Cameroon utilizing the Golar Hilli, an LNG carrier that is currently being converted into an LNG liquefaction vessel at Keppel Shipyard in Singapore.

The facility, which will be converted from a Moss-type LNG carrier at a cost of USD $735 million, will be installed 20 kilometers offshore and will be a joint venture with Societe Nationale de Hydrocarbures (SNH) and Perenco Cameroon according to the Heads of Agreement document signed today. It is anticipated that the allocated reserves will be produced at the rate of some 1.2 million tonnes of LNG per annum over an approximate eight year period, according to Golar LNG.

The project, which is expected to commence production in 2017, will be the first floating LNG export project in Africa and will see Cameroon joining the small number of LNG exporting nations.

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.