Golar LNG to Sell Golar Maria, Bermuda

Golar LNG Limited said that it has entered into an agreement to sell the company that owns and operates the LNG Carrier Golar Maria, together with its time-charter, to Golar LNG Partners for a price of USD215 million.

The transaction is subject to the satisfaction of certain closing conditions.

Golar LNG said that it 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 fourth vessel acquisition facilitated by Golar’s corporate structure since Golar LNG Partners’ IPO, proving again the efficiency of the structure when it comes to the monetization of long term contracts that simultaneously grow Golar LNG.

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LNG World News Staff, January 31, 2013; Image: Wilhelmsen