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Golar LNG wraps up New Fortress FLNG deal

Tor Olav Trøim-backed Golar LNG has completed the buyout deal with New Fortress Energy for the floating liquefied natural gas (FLNG) facility operating offshore Cameroon.

The deal closed with Golar paying $100m in cash for the 2017-converted FLNG Hilli, returning 4.1m shares it held in Wes Edens’ Nasdaq-listed LNG player and taking over $323m in debt obligations associated with the FLNG unit.

The vessel has been operating for Perenco and Cameroon’s national oil firm Société Nationale des Hydrocarbures since 2018 under a contract set to expire in July 2026.

Golar LNG recently sold out of its LNG shipowner spin-off Cool Company (CoolCo) banking around $154m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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