Golar LNG: Sale of Golar Igloo to Golar LNG Partners LP
Hamilton, Bermuda, Dec. 5, 2013 (GLOBE NEWSWIRE) -- Golar LNG Limited (the
"Company") announced today that it has entered into an agreement to sell its
ownership interest in the company that will own and operate the floating
storage and regasification unit ("FSRU") Golar Igloo ("Igloo") to Golar LNG
Partners L.P. ("Golar Partners") for a price of USD310 million. The
transaction is subject to the satisfaction of certain closing conditions.
Net proceeds received from the sale will be applied against the remaining
interim instalments of the Company's newbuild program and create liquidity
which can be used as part equity in a potential ordering of a FLNG vessel.
This transaction is further testament to a corporate structure that has now
fully funded the equity component of the Company's current newbuilding program
whilst simultaneously providing for the growth of Golar Partners.
December 5, 2013
Enquiries: Golar Management Limited: + 44 207 063 7900
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