Golar LNG (GLNG) Acquires Remaining 50% Share in LNG Carrier Gandria for $19.5M
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Golar LNG (Nasdaq: GLNG) is pleased to announce that it has become 100% owner of the LNG Carrier Gandria. Golar has purchased the remaining 50% share interest in Bluewater Gandria N.V, the owning company of the vessel, from an affiliate of Bluewater Energy Services B.V.
The price has been agreed all-in at $19.5 million. Prior to the transaction, the company was owned by Golar (50%) and Bluewater (50%). The vessel which is a Moss type carrier and built in 1977 has been laid up since September 2008. The vessel is well maintained, and is a good trading vessel as well as a strong candidate for conversion to FSRU and storage. A firm decision will be made on the vessel reactivation within the next few weeks.
Golar has in addition made a firm to commitment to reactivate the LNG Carrier Hilli which is also a Moss type carrier built in 1975. The vessel has been brought to Keppel Shipyard for a $15 million upgrading project. The Company is targeting her readiness for service prior to the end of March 2012. Golar has already received proposals for chartering of the vessel.
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The price has been agreed all-in at $19.5 million. Prior to the transaction, the company was owned by Golar (50%) and Bluewater (50%). The vessel which is a Moss type carrier and built in 1977 has been laid up since September 2008. The vessel is well maintained, and is a good trading vessel as well as a strong candidate for conversion to FSRU and storage. A firm decision will be made on the vessel reactivation within the next few weeks.
Golar has in addition made a firm to commitment to reactivate the LNG Carrier Hilli which is also a Moss type carrier built in 1975. The vessel has been brought to Keppel Shipyard for a $15 million upgrading project. The Company is targeting her readiness for service prior to the end of March 2012. Golar has already received proposals for chartering of the vessel.
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