Golar Power transaction completed

Golar Power transaction completed

Golar LNG Limited on Wednesday completed the transaction receiving proceeds of a US$100 million preferred note from Stonepeak and $116 million for the sale of 50 percent of the share in Golar Power. 

Golar Power expects to execute contracts for the conversion of its first LNG carrier to a FSRU shortly, according to the statement by the owner and operator of FSRUs and LNG carriers.

Golar LNG Limited entered into a 50/50 joint venture with investment vehicles affiliated with New York-based private equity firm Stonepeak Infrastructure Partners in June.

The joint venture company will offer integrated LNG based downstream solutions, through the ownership and operation of floating storage and regasification units and associated terminal and power generation infrastructure.

Golar Power’s initial asset base will comprise the FSRU currently being constructed at Samsung shipyard, two modern 160,000 cbm trifuel LNG carriers suited for conversion to FSRUs, and the right to invest in up to 25% of the Sergipe Power project.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >