Golar LNG enters into agreements for maiden floating liquefaction vessel Golar LNG has executed and made effective key agreements for conversion of the 125,000 m3 LNG carrier Hilli to a floating liquefaction vessel. The primary contract for the FLNGV was entered into with Singapore's Keppel Shipyard. The conversion has been approved in principle by DNV in accordance with their classification rules and international standards. The conversion is scheduled to be completed in February 2017.
Golar LNG agrees to sell Golar Tundra for $330M Golar LNG announced that it has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit, to Golar LNG Partners LP for a sale price of $330M. In connection with the closing, the Partnership will receive a daily fee plus operating expenses, aggregating to approximately $2.6M per month, for Golar's right to use the FSRU from the date of the closing until the date that the Golar Tundra commences operations under its time charter with West Africa Gas Limited. In return, the Partnership will remit to Golar any hire income received with respect to the Golar Tundra during this period. The sale is expected to close in March 2016 and the vessel is expected to commence operations under its time charter with West Africa Gas Limited at the end of the second quarter of 2016.