Fannie Mae, Freddie Mac shares tumble after conservatorship comments
DALLAS – Kosmos Energy (NYSE/LSE:NYSE:KOS) has announced the successful loading of the first cargo of liquified natural gas (LNG) from the Greater Tortue Ahmeyim (GTA) project, located offshore Mauritania and Senegal. The milestone marks the commencement of LNG exports from the joint development project operated by bp plc.
The first LNG cargo was loaded onto the "British Sponsor" LNG carrier from Golar LNG (NASDAQ:GLNG)’s floating liquefied natural gas vessel, situated approximately 10 kilometers offshore. The vessel’s storage capacity was fully utilized with approximately 174,000 cubic meters of LNG. Following this initial success, preparations are underway for the second cargo lifting, with another LNG carrier positioned near the hub terminal.
This development follows the start of gas production in late 2024 and the beginning of LNG production in February 2025. The project’s FLNG (OL:FLNG) vessel has a production capacity of 2.7 million tonnes per annum. Revenue recognition for Kosmos and its partners commences with this first cargo lifting, a significant event in the project’s lifecycle.
Andrew G. Inglis, Chairman and CEO of Kosmos Energy, commented on the achievement, highlighting the importance of the GTA project for Mauritania and Senegal as they transition into gas-exporting nations. He also mentioned ongoing efforts with project partners bp, SMH, and PETROSEN to safely maximize the project’s output and to plan for future expansions that build upon the existing infrastructure.
Kosmos Energy is an exploration and production company with a focus on deepwater assets. The company has a diversified portfolio, with operations in Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America. Kosmos is publicly traded with shares listed on both the New York Stock Exchange and the London Stock Exchange (LON:LSEG).
The company’s press release also contains forward-looking statements regarding expectations for future events and trends that may impact its business operations. However, these statements are subject to risks and uncertainties, and actual results may differ materially from those projected.
This report is based on a press release statement from Kosmos Energy.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.