Golar LNG aims to wrap up a long-awaited deal as quickly as possible to boost utilisation of its floating liquefied natural gas vessel off Cameroon.

The New York-listed company is also seriously considering acquiring upstream gas assets on which it can deploy an FLNG vessel, to benefit from direct exposure to buoyant gas prices.

Golar’s Hilli Episeyo has been running at only half capacity since coming online in November 2017 at Perenco’s Sanaga gas field in Cameroon. Plans to fully utilise its four trains have been hampered by regulatory and upstream issues, as well as low gas prices.