Golar LNG completes sale of FSRU Golar Eskimo

Golar LNG completes sale of FSRU Golar Eskimo

Golar LNG said it has completed the sale of the FSRU Golar Eskimo to Golar LNG Partners.

Golar LNG  entered into an agreement to sell its ownership interests in the companies that will own and operate the floating storage and regasification unit Golar Eskimo to Golar LNG Partners for a price of USD 390 million, in December, 2014.

The partnership will finance the purchase price with cash on hand, the proceeds of a $220.0 million loan from Golar LNG and the assumption of outstanding bank debt in respect of the Golar Eskimo on the closing date of the acquisition, a statement by the company said.

As part of the agreement, Golar LNG will retain the right to use the FSRU and to charter the vessel to a third party from January 2015 and ending in June 2015.

LNG World News Staff; Image: Golar LNG

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