logoBC
Yaoundé - 25 October 2020 -
Finance

Golar LNG Ltd records outstanding EBITDA in Q1-2020 thanks to Hili Episeyo’s “strong performance” (SNH)

Golar LNG Ltd records outstanding EBITDA in Q1-2020 thanks to Hili Episeyo’s “strong performance” (SNH)
  • Comments   -   Thursday, 20 August 2020 18:17

(Business in Cameroon) - In Q1-2020, Golar LNG Ltd (one of the operators of the floating LNG plant, Hili Episeyo, operating in Kribi) recorded an EBITDA of $76.2 million (XAF42.24 billion). According to the National Hydrocarbons Corporation SNH (partner in the Kribi project), which revealed the information in a recent note, these earnings were boosted by “Hili Episeyo’s strong performances”  during the period.

During the period under review, Golar LNG Ltd’s operating income rose to $122.6 million (XAF67.96 billion).

Let’s note that in Cameroon, gas production shot up in May 2018, after the installation of a floating LNG offshore Kribi. This launch helped Cameroon join the small circle of gas-exporting countries. The floating LNG Hili Episeyo (operated by SNH, Golar, Perenco, and the association Sanaga-Sud) produces 1.2 million tons of liquefied gas yearly for exportation as well as 30,000 tons of domestic gas for Cameroonian households and 5,000 barrels of condensate daily.

Sylvain Andzongo

cameroon-358-teachers-and-students-have-received-ict-certification-from-huawei-within-5-years
The Cameroonian subsidiary of the Chinese telecom equipment company Huawei recently concluded the 5th edition of its program "Seeds for the Future," aimed...
cameroon-plans-to-reduce-minimum-capital-for-llc-establishment-from-xaf100k-to-5k-by-march-2021
The creation of Limited Liability Companies (LLCs) could be further simplified in Cameroon if the country sticks to the priority action plan presented at...
imf-praises-cameroon-s-transparency-in-the-attribution-of-covid-19-procurement-related-contracts
On October 21, 2020, when the second disbursement under the rapid credit facility (aimed at helping countries deal with the coronavirus pandemic) was...
camair-co-recorded-over-xaf6-bln-of-revenue-shortfalls-in-h1-2020-because-of-coronavirus-pandemic
Camair-Co recorded about XAF6 billion of revenue shortfalls in H1-2020, according to an internal document Business in Cameroon had access to. The...

Mags frontpage


Business in Cameroon n92: October 2020

Crowfunding A solution for young entrepreneurs


Serge Esso, rising lobbyist


Investir au Cameroun n102 Octobre 2020

Financement participatif Une solution pour les jeunes entrepreneurs


Serge Esso, le lobbyiste qui monte