(Source: Shutterstock.com)
Golar LNG Ltd. has acquired Seatrium’s and Black & Veatch’s minority ownership interests in floating LNG (FLNG) Hilli for $90.2 million, Golar said Dec. 24.
The transaction, which represents 8% of FLNG Hilli’s full capacity, includes 5.45% common units, 10.9% Series A shares and 10.9% Series B shares, Golar said.
Since its startup in 2018, FLNG Hilli has delivered 124 LNG cargoes and offloaded more than 8.5 MMton of LNG.
The asset is currently contracted to Perenco in Cameroon until July 2026, where it will then be relocated to Argentina to start a 20-year contract for Southern Energy, a consortium of Argentina’s natural gas producers.
Additionally, Golar has agreed to pay Seatrium $7 million for a Hilli Train 3 utilization bonus and previous work related to the former Golar-owned LNG carrier Golar Gandria.
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