Golar LNG to sell 3.4M common units

Golar LNG Ltd.

Golar LNG Ltd. is offering 3.4 million common units, representing limited partner interests in Golar LNG Partners LP, as a selling unitholder in the public offering announced Dec. 5 by Golar Partners. Golar Partners also plans to offer 5.1 million of its common units in the offering. Golar GP LLC, the Partnership’s general partner, intends to maintain its 2% general partner interest by subscribing to the newly issued units.

Golar intends to use the proceeds it receives from its offering of the common units of Golar Partners to create liquidity that potentially can be used to develop its floating liquefied natural gas (LNG) production business.

Following completion of the offering, Golar will own the following interests in Golar Partners: 8,838,096 common units, 15,949,831 subordinated units, the 2% general partner interest (through its ownership of the general partner), and all of the incentive distribution rights.

 



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...