On 5th November, Pacific Rubiales Energy Corp. and Gazprom Marketing & Trade Limited ('GM&T') announced the execution of a Heads of Agreement ('HOA') with respect to a five year Sale and Purchase Agreement ('SPA') covering approximately 0.5 million tons per year of liquefied natural gas ('LNG') FOB Colombia (Caribbean Sea) commencing commercial operations in the second quarter of 2015. This LNG cargo will be produced in, and loaded from, EXMAR's Caribbean FLNG barge.

Last week, Wison Offshore & Marine Ltd successfully completed the installation of the three LNG storage tanks into the hull of the Caribbean FLNG barge, reaching a significant milestone in the construction of the world's first floating LNG production unit. With this major activity completed, the pathway is clear for installing the deck and topsides of the barge.

Tags: Exmar