Golar LNG Sells Shares to Fund FLNGV Conversion

Golar LNG is offering 7,170,000 common units, representing limited partner interests in Golar LNG Partners LP, to fund a portion of the recently announced contract with Keppel Shipyard to convert the 126,000 cbm LNG carrier Gimi into a floating natural gas liquefaction facility (FLNGV).

Golar says that these proceeds will be in addition to the net proceeds expected to be received over the next two years from the recently announced USD 390 million sale of the Golar Eskimo to Golar Partners.

Following completion of the offering, Golar will own 1,668,096 common units, 15,949,831 subordinated units, the 2% general partner interest (through its ownership of the general partner) and all of the incentive distribution rights in Golar LNG Partners.