Kosmos Energy sees first LNG production at GTA project

(Sharecast News) - said that the first liquified natural gas production has been achieved at the BP-operated Greater Tortue Ahmeyim project, offshore Mauritania & Senegal. Gas started to flow from wells at the end of 2024b to the floating production storage and offloading vessel as part of the commissioning process. Kosmos will start to recognise gas entitlement production from the project in its quarterly statements once gas is liquefied.

In addition, BP has given notice for an LNG carrier to arrive later this quarter to export the first LNG cargo. Lifting of the first LNG cargo is when Kosmos starts to recognize revenue and generate cash flow from the project.

Reporting by Frank Prenesti for Sharecast.com