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Golar LNG and BP agree to defer FLNG lease

The 20-year lease for Gimi FLNG will start 11 months later, Golar LNG said. This mutually agreed deferment resolves a months-long overhang clouding Gimi FLNG’s construction and financing

BP has previously sought to invoke force majeure on the FLNG lease, citing coronavirus-led disruption. The latest agreement to delay the project will have a trickle-down effect on its contractors and bank lenders

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