Golar LNG to Buy Two New Vessels From Hyundai Samho Heavy

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Golar LNG Ltd., the owner of liquefied natural gas carriers led by Norway-born billionaire John Fredriksen, will buy at least two more of the ships as demand for the fuel rises as much as 10 percent a year.

Golar said today it ordered two LNG tankers from Hyundai Samho Heavy Industries Co. for more than $400 million for delivery in 2014’s third and fourth quarters. More purchases of new ships and infrastructure will be announced “in the coming weeks,” Hamilton, Bermuda-based Golar said.