REG - Kosmos Energy Ltd - First LNG Cargo at Greater Tortue Ahmeyim Project

Kosmos EnergyAnnouncement

17/04/2025 07:45

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RNS Number : 3693F  Kosmos Energy Limited  17 April 2025

 

KOSMOS ENERGY ANNOUNCES FIRST LNG CARGO AT THE GREATER TORTUE AHMEYIM PROJECT
IN MAURITANIA AND SENEGAL

 

DALLAS, Texas, April 17, 2025 - Kosmos Energy (http://www.kosmosenergy.com/)
(NYSE/LSE: KOS) notes the announcement today from bp plc (operator) that the
first cargo of liquified natural gas (LNG) has been safely loaded from the
Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania & Senegal.
 

 

The first shipment of LNG was transferred to the "British Sponsor" LNG carrier
from Golar LNG's floating liquefied natural gas (FLNG) vessel located
approximately 10 kilometers offshore, where the natural gas was liquefied and
stored. The first cargo was fully loaded at approximately 174,000 cubic meters
of LNG. A second LNG carrier is currently waiting near the hub terminal in
preparation for the second cargo lifting.

 

The announcement of the first cargo shipment follows first gas production in
late 2024 and first LNG production in February. The first cargo lifting is
when Kosmos and its partners start to recognize revenue and is another key
milestone for the project. The FLNG vessel has a nameplate capacity of 2.7
million tonnes per annum.

 

Commenting on the first LNG cargo lifting at GTA, Chairman and Chief Executive
Officer Andrew G. Inglis said: "The first LNG cargo is a significant
milestone, enabling Mauritania and Senegal to become gas exporting nations
from this project of national strategic importance. We continue to work with
bp, SMH and PETROSEN to safely ramp up the project to its full capacity as
well as deliver expansion that leverages the infrastructure put in place for
this initial phase."

 

 

About Kosmos Energy

 

Kosmos Energy is a leading deepwater exploration and production company
focused on meeting the world's growing demand for energy. We have diversified
oil and gas production from assets offshore Ghana, Equatorial Guinea,
Mauritania, Senegal and the Gulf of America (formerly the U.S. Gulf of
Mexico). Additionally, in the proven basins where we operate we are advancing
high-quality development opportunities, which have come from our exploration
success. Kosmos is listed on the NYSE and LSE and is traded under the ticker
symbol KOS. As an ethical and transparent company, Kosmos is committed to
doing things the right way. The Company's Business Principles articulate our
commitment to transparency, ethics, human rights, safety and the environment.
Read more about this commitment in the Kosmos Sustainability Report. For
additional information, visit  www.kosmosenergy.com.

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Kosmos expects, believes or anticipates will or may occur in
the future are forward-looking statements. Kosmos' estimates and
forward-looking statements are mainly based on its current expectations and
estimates of future events and trends, which affect or may affect its
businesses and operations. Although Kosmos believes that these estimates and
forward-looking statements are based upon reasonable assumptions, they are
subject to several risks and uncertainties and are made in light of
information currently available to Kosmos. When used in this press release,
the words "anticipate," "believe," "intend," "expect," "plan," "will" or other
similar words are intended to identify forward-looking statements. Such
statements are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of Kosmos, which may cause actual results
to differ materially from those implied or expressed by the forward-looking
statements. Further information on such assumptions, risks and uncertainties
is available in Kosmos' Securities and Exchange Commission ("SEC") filings.
Kosmos undertakes no obligation and does not intend to update or correct these
forward-looking statements to reflect events or circumstances occurring after
the date of this press release, except as required by applicable law. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.

Management does not provide a reconciliation for forward looking non GAAP
financial measures where it is unable to provide a meaningful or accurate
calculation or estimation of reconciling items and the information is not
available without unreasonable effort. This is due to the inherent difficulty
of forecasting the occurrence and the financial impact of various items that
have not yet occurred, are out of our control or cannot be reasonably
predicted. For the same reasons, management is unable to address the probable
significance of the unavailable information. Forward looking non GAAP
financial measures provided without the most directly comparable GAAP
financial measures may vary materially from the corresponding GAAP financial
measures.

 

Investor Relations

Jamie Buckland

+44 (0) 203 954 2831

jbuckland@kosmosenergy.com

 

 

Media Relations

Thomas Golembeski

+1-214-445-9674

tgolembeski@kosmosenergy.com

 

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