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Golar FSRU receives early termination from Petrobras

Golar FSRU receives early termination from Petrobras

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Golar LNG Partners has received a notice of early termination for the charter of FSRU Golar Spirit from Petrobras.

The original end date of the charter was August 2018, and now it has been changed to June 21, 2017.

Under the charter contract, Petrobras will pay the partnership a compensation fee as a result of the early termination representing approximately 62% of the EBITDA1 remaining under the contract from June 21, 2017 to the original contract end date.

The partnership will immediately commence re-marketing for the vessel for FSRU employment post June 2017.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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