Golar Completes Acquisition of FSRU

Golar LNG Partners LP has completed acquisition of the company that owns and operates the FSRU Golar Igloo from Golar LNG Limited for a purchase price of approximately $310.0 million.

The partnership financed the purchase price by the assumption of outstanding debt obligations in respect of the Golar Igloo in the sum of $161.3 million with the balance from the cash proceeds of its December 2013 equity offering.

FSRU Golar Igloo was built by Korean shipyard, Samsung Heavy Industries Co. Ltd., and was delivered in February 2014.

The vessel, currently completing its commissioning procedures, has commenced service under a five-year time charter with Kuwait National Petroleum Company (KNPC), supporting KNPC’s LNG import operations at Mina Al Ahmadi in Kuwait.

[mappress]
golarlng, March 28, 2014