Golar LNG Partners on Friday informed that its board has authorized the repurchase of up to US$25 million of its outstanding common units.
Under the repurchase program, the partnership may repurchase common units from time to time, at its discretion, on the open market or in privately negotiated transactions, the company said in a statement.
Golar LNG Partners added that despite the current volatility in the price of its common units, no material changes in operations occurred since the third quarter earnings report.
Therefore, the partnership’s distribution policy has not changed and it is expected that the cash distribution to shareholders will remain unchanged.
LNG World News Staff