Golar LNG Partners closes FSRU Golar Tundra acquisition

Golar LNG Partners closes FSRU Golar Tundra acquisition

Golar LNG Partners on Monday said it has completed the acquisition of the FSRU Golar Tundra from Golar LNG for a price of US$330 million. 

According to its statement, prior to completing the acquisition of the FSRU, the Partnership completed and drew down upon an $800 million senior secured credit facility.

The new credit facility consists of a $650 million term loan facility and a $150 million revolving credit facility which together refinanced the existing credit facilities that were secured by seven vessels in the Partnership’s existing fleet and also provided part of the funding for the acquisition of the Golar Tundra, Golar LNG Partners said.

In November last year, Golar LNG signed a 5-year deal with West African Gas to charter the 170,000 cbm FSRU from the second quarter of 2016.

WAGL, jointly owned by subsidiaries of the Nigerian National Petroleum Corporation with 60 percent and Sahara Energy Resource with 40 percent, has an option to extend the deal for further five years.

The vessel will be a part of the LNG import project WAGL is developing at the port of Tema on the coast of Ghana, West Africa.


LG World News Staff

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