Golar LNG - Increasing the Company's New Building Investment
(Thomson Reuters ONE) -
Golar LNG Limited ("Golar" or the "Company") is pleased to announce that the
Company has entered into firm contracts with Samsung Heavy Industries Co. Ltd
for a further two LNG carriers.
The two additional vessels, each with a capacity of 160,000cbm have a combined
total cost of slightly above $400 million. The first of the carriers is
scheduled for delivery in the second quarter of 2014 and the second in early
2015. Subject to declaration deadlines, each contract also comes with an option
for a further carrier for 2015 delivery. Attached to both options is the right
to select an FSRU alternative and the vessel contracted for delivery in early
2015 also comes with the option for construction as an FSRU. As with Golar's
existing new building orders, the vessels will be delivered with tri-fuel diesel
electric engines and the lowest boil off rates in the industry making them
extremely attractive prospects to charterers.
Chairman John Fredriksen says in a comment: With a total of 13 newbuilings and a
further 4 options Golar LNG has secured a strategic unequal position to meet our
customers' demand in the fast growing LNG industry. The Board has already seen
strong interest for short and long term charters and expects that a solid
charter portfolio can be developed prior to the individual deliveries of the new
buildings. The increased activities in the LNG market including possible US
export also supports a strong spot market in the years to come. The Board is of
the opinion that current weakness in Global shipbuilding prices creates limited
downside in building prices and an attractive chartering upside. With the
existing new building program in place both Golar LNG and Golar Partners has
secured the strategic position to have strong growth in cash flow and earnings
in the period up to 2016.
Forward Looking Statements
The statements in this press release that are not historical facts may be
forward-looking statements. Such forward looking statements, based upon the
current beliefs and expectations of Golar's management, are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. The information set forth herein should be read in light of
such risks. Golar does not assume any obligation to update the information
contained in this press release.
Golar LNG Limited
26 February, 2012
Hamilton, Bermuda
Golar LNG Management Ltd - +44 207 063 7900
Brian Tienzo
Stuart Buchanan
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golar LNG via Thomson Reuters ONE
[HUG#1589100]
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2012 - 08:53 Uhr
Sprache: Deutsch
News-ID 118626
Anzahl Zeichen: 3536
contact information:
Town:
London
Kategorie:
Business News
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