Golar LNG has received an equity boost thanks to the completion of transactions related to its new Golar Power joint venture (JV) with a private equity fund.
The LNG carrier owner said it has received $116m from the disposal of 50% of its shares in Golar Power to its new partner Stonepeak.
This means around $104m will be added to Golar LNG’s liquidity.
As TradeWinds has reported, the two parties are joining forces with LNG conversion projects as their main target.
Golar Power’s asset base already consists of two LNG carriers and one newbuilding.
The company said it expects to execute the first conversion contracts “shortly”.
Stonepeak has subscribed for $100m in Golar Power preferred shares and the total amount of investment is expected to reach $500m.
