Golar LNG Ltd. (GLNG)

[Timothy Smith]

Golar LNG (GLNG +9.9%) is sharply higher after announcing that its Cameroon floating liquefied natural gas project has earned final approval by all parties of the Gas Convention for the project, which commits the project to a Q2 2017 targeted start date for commissioning.

GLNG expects the Cameroon project to deliver EBITDA in the first full year of operation, based on the utilization of two of the available four liquefaction trains, of $170M-$300M.