Golar Completes Acquisition of FSRU

Golar LNG Partners LP has completed acquisition of the company that owns and operates the FSRU Golar Igloo from Golar LNG Limited for a purchase price of approximately $310.0 million.

The partnership financed the purchase price by the assumption of outstanding debt obligations in respect of the Golar Igloo in the sum of $161.3 million with the balance from the cash proceeds of its December 2013 equity offering.

FSRU Golar Igloo was built by Korean shipyard, Samsung Heavy Industries Co. Ltd., and was delivered in February 2014.

The vessel, currently completing its commissioning procedures, has commenced service under a five-year time charter with Kuwait National Petroleum Company (KNPC), supporting KNPC’s LNG import operations at Mina Al Ahmadi in Kuwait.

 

golarlng, March 28, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >