Golar LNG Partners L.P. - Charter Amendment
(Thomson Reuters ONE) -
Golar LNG Partners LP (NASDAQ: GMLP) ("Golar Partners" or the "Partnership")
announced today that it has agreed with the charterer of the Golar Freeze FSRU,
Dubai Supply Authority ("DUSUP") certain amendments to the existing time charter
that was due to end in May 2020.
DUSUP have two FSRU's on contract and do not currently have full time use for
Golar Freeze and have therefore been working with Golar Partners to find
alternative employment. Golar Partners and DUSUP will continue to cooperate with
regards to future employment for Golar Freeze but in the meantime have agreed
certain amendments to the existing charter.
Golar Partners and DUSUP have agreed to shorten the charter by one year and to
remove DUSUP's termination for convenience rights and extension option rights
(which ran to 2024). Golar Partners will receive the right to terminate its
obligations under the charter whilst continuing to receive the capital element
of the charter (not the operating cost element) until the end of the new charter
period in April 2019. The operating cost element of the charter will be reduced
to a nominal amount from November 2017 and Golar Partners will similarly save
operating costs from putting the vessel into layup pending new employment.
Golar Partners currently sees several opportunities for employment of smaller
scale FSRU's like Golar Freeze and Golar Spirit which have significantly lower
capital cost than newbuild FSRU's.
This arrangement gives both parties more certainty and enables Golar Partners to
re-market the vessel with the clear knowledge of her long term availability from
2018.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements concerning future
events and the Partnership's operations, performance and financial condition.
Forward-looking statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe", "anticipate", "expect",
"estimate", "project", "will be", "will continue", "will likely result", "plan",
"intend" or words or phrases of similar meanings. These statements involve known
and unknown risks and are based upon a number of assumptions and estimates that
are inherently subject to significant uncertainties and contingencies, many of
which are beyond the Partnership's control. Actual results may differ materially
from those expressed or implied by such forward-looking statements.
New factors emerge from time to time, and it is not possible for the Partnership
to predict all of these factors. Further, the Partnership cannot assess the
impact of each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement. The Partnership does not
intend to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Partnership's
expectations with respect thereto or any change in events, conditions or
circumstances on which any such statement is based.
Hamilton, Bermuda
July 12, 2017
Investor relations enquiries:
Golar Management Limited
Graham Robjohns - + 44 207 063 7900
Stuart Buchanan - + 44 207 063 7900
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG Partners L.P. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 12.07.2017 - 14:15 Uhr
Sprache: Deutsch
News-ID 552080
Anzahl Zeichen: 4276
contact information:
Town:
Hamilton
Kategorie:
Business News
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"Golar LNG Partners L.P. - Charter Amendment"
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Golar LNG Partners L.P. (Nachricht senden)
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