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Golar LNG announces new LNG carrier contract

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LNG Industry,


Golar LNG Partners LP has announced that it has entered into a time charter with a major international oil and gas company for Golar Grand – one of its steam LNG carriers.

The time charter is for a period of up to a maximum of nine years. The vessel is currently on charter with Golar LNG Ltd, and will, therefore, be sub-chartered back from Golar LNG at the same rate as the new charter, for the initial period of the new charter until the Golar LNG charter concludes in October this year.

Golar claims that the vessel will be delivered under the new charter during 2Q17 for an initial two-year period, with a number of extension options up to the maximum charter period of nine years.

The partnership’s operating income before depreciation derived from the Golar Grand will be unchanged until October 2017, at which point the Golar LNG charter ends. Assuming that the initial extension options for up to five years are exercised, it is expected that the new charter will generate on average approximately US$10 million of operating income before depreciation per annum over the full five-year term.

Read the article online at: https://www.lngindustry.com/lng-shipping/21032017/golar-lng-announces-new-lng-carrier-contract/


 

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