Keppel to acquire 10 percent interest in Golar Hilli

Singapore: Keppel Corporation announced that its indirect wholly-owned subsidiary KSI Production has entered into a sale and purchase agreement to acquire a 10% shareholding interest from Golar GHK Lessors.

Golar Hilli is the owner of the Moss LNG carrier Hilli, which is scheduled to be converted into an FLNG vessel by Keppel Shipyard.
"The acquisition strengthens the alignment of strategic interests between Keppel Shipyard and Golar LNG, and reflects Keppel's confidence in the prospects of Golar Hilli, the world's first FLNG vessel conversion project. The company also believes that this investment will provide an attractive risk-adjusted return," Keppel said in a statement.

Keppel also said that it is currently finalising a contract with Golar LNG to perform a second FLNG conversion, on Moss LNG carrier Gimo. [05/09/14]

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