Golar LNG has signed a five-year contract to provide floating storage and regasification unit (FSRU) services to West African Gas (WAGL) in a bid to support the company’s liquefied natural gas (LNG) import operations in Ghana.

The contract can be extended for another five years and includes the provision of the 170,000cbm newbuild FSRU Golar Tundra, which will be delivered to Golar from Samsung this month.

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The unit will be delivered to WAGL after it undergoes some minor modifications in Singapore.

WAGL is jointly owned by subsidiaries of the Nigerian National Petroleum (NNPC) with 60% interest and Sahara Energy Resource (Sahara) with 40% share.

"This landmark achievement is the first of its kind in Sub Saharan Africa and strategically positions Ghana to be an energy hub."

The FSRU will be moored inside the port of Tema on the coast of Ghana West Africa where the joint venture (JV) is developing an LNG import project.

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A new jetty is being built by WAGL inside the port.

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Golar LNG CEO Gary Smith said: "Ghana represents an exciting new business opportunity for Golar.

"As this is a five-year charter, the vessel will be offered to Golar LNG Partners (Golar Partners) to acquire providing for another potential acquisition with a new and particularly strong counterparty."

The project is expected to be operational in the second quarter of 2016.

WAGL manager director Umar Ajiya said: "This landmark achievement is the first of its kind in Sub Saharan Africa and strategically positions Ghana to be an energy hub."

In October, Golar LNG secured financing facility of up to $216m from the China Merchants Bank Leasing for its FSRU Golar Tundra vessel.