Golar LNG Sells Shares to Fund FLNGV Conversion

Golar LNG Sells Shares to Fund FLNGV Conversion

Golar LNG is offering 7,170,000 common units, representing limited partner interests in Golar LNG Partners LP, to fund a portion of the recently announced contract with Keppel Shipyard to convert the 126,000 cbm LNG carrier Gimi into a floating natural gas liquefaction facility (FLNGV).

Golar says that these proceeds will be in addition to the net proceeds expected to be received over the next two years from the recently announced USD 390 million sale of the Golar Eskimo to Golar Partners.

Following completion of the offering, Golar will own 1,668,096 common units, 15,949,831 subordinated units, the 2% general partner interest (through its ownership of the general partner) and all of the incentive distribution rights in Golar LNG Partners.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >