Golar LNG Limited said it has approved a unit purchase program under which the company may purchase up to $25 million worth of Golar LNG Partners (GMLP) outstanding units over the next 12 months.
“ Given Golar LNG Partners’ current yield of approximately 11%, the company views this purchase program as an attractive investment opportunity ,” Golar said in a statement.
The company intends to purchase units from time to time for cash in open market transactions or in privately-negotiated transactions, it added.
Image: Golar LNG Partners