Golar FLNG funding move

Written by  John McKay
Friday, 09 January 2015
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Jan 9 (LNGJ) - Golar LNG is offering over 7 million common units in its affiliate Golar LNG Partners as a selling unitholder in a public offering announced by the partnership. Golar intends to use the proceeds to fund a portion of the recently announced contract with Keppel Shipyard to convert one of its first generation LNG carriers, the "Gimi", into a floating liquefaction facility. "These proceeds will be in addition to the proceeds expected to be received over the next two years from the $390 million sale of the 'Golar Eskimo' carrier to the partnership," the company said.

Last modified on Friday, 09 January 2015 06:59
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