Golar LNG to buy GMLP shares

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