Golar LNG Limited (NASDAQ:GLNG) shares are trading higher after the company entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years.
The FLNG project aims to capitalize on Argentina’s abundant gas reserves from the Vaca Muerta shale formation in the Neuquina Basin, which holds the world’s second-largest shale gas resources.
Golar’s CEO, Mr. Karl Fredrik Staubo, said, “We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America.”