Golar Announces Sale of LNG Carrier Golar Grand (Bermuda)


Golar LNG Limited announced yesterday that it has entered into an agreement to sell the companies that own and operate the LNG Carrier Golar Grand, together with its time-charter, to Golar LNG Partners L.P. for a price of USD265 million. The transaction is subject to the satisfaction of certain closing conditions.

The Company expects to reinvest a significant part of the net proceeds received from the sale in its newbuilding program and other capital projects.

This is the third vessel acquisition facilitated by Golar’s corporate structure since Golar LNG Partners’ IPO, once again proving the efficiency of the structure when it comes to the monetization of long term contracts that simultaneously grow Golar LNG Partners.

Golar LNG, November 2, 2012

Share this article

Follow World Maritime News

In Depth>


<< Dec 2019 >>
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

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

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

read more >


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 >