Stock Quote

Sale of Golar Grand to Golar LNG Partners L.P.

LONDON, OSLO NORWAY -- (Marketwire) -- 11/01/12 -- Golar LNG Limited ("Golar" or the "Company") announced today 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. ("Golar LNG Partners") 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.

Hamilton, Bermuda

November 1 2012

This information is subject of the disclosure requirements acc. to S5-12 vphl (Norwegian Securities Trading Act)

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Golar LNG via Thomson Reuters ONE


Golar Management Limited
+ 44 207 063 7900
Stuart Buchanan
Brian Tienzo

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.