
(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.
Recommended Reading
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Pickering on Permian: Marginal Barrels, Stripper Wells, More
2024-12-02 - As the Permian Basin matures and global oil demand grows, Dan Pickering, chief investment officer for Pickering Energy Partners, offers his thoughts on the basin’s future, costs, demand and the price of oil.
Mexico Pacific’s Saguaro: LNG’s Quicker Route to Asian Markets
2024-11-19 - Mexico Pacific’s 30-mtpa Saguaro LNG terminal promises a connection to Asia for Permian Gas that avoids the Panama Canal.
Tamboran, Santos Agree to Study Possible Darwin LNG Expansion
2025-01-23 - Tamboran Resources Corp. and Santos Ltd. entered a memorandum of understanding for technical studies, which could lead to a 6 mtpa expansion of Darwin LNG.
Power Players: Riley Permian Natgas, Conduit Electrifying Permian
2024-11-26 - Riley Permian and Conduit Power are working together to use natural gas to power the Permian Basin and ERCOT.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.