Golar LNG :GOLAR GRAND TIMECHARTER
(Thomson Reuters ONE) -
Golar LNG Limited ("Golar" or the "Company") announced today that it has agreed
principal terms in connection with a time charter for one of its modern LNG
carriers, the Golar Grand, to a major oil and gas company for a firm period of
3 years plus a further period of 3 years at charterers option.
The charter is expected to commence in March 2012 following the end of the
vessels current charter. The annualised EBITDA contribution from the
commencement of this new charter is expected to be approximately $39 million,
which represents attractive returns for shareholders and is a positive indicator
of the current market for LNG shipping.
Golar's Chairman, John Fredriksen said in a comment "We continue to see very
limited LNG shipping availability in the market and given the timing of
availability of our modern carriers and the delivery dates of our newbuild
carriers, we are extremely well placed to take advantage of good chartering
opportunities over the coming months. The strong underlying market trend and our
large newbuilding program is likely to give rise to a significant increase in
Golar's earnings in the period 2011 - 2014. We are strategically very well
positioned and we are excited about the prospects for our Company in the years
to come".
Hamilton, Bermuda
October 19, 2011
Investor enquiries:
Golar Management Limited - + 44 207 063 7900
Brian Tienzo
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#1555990]
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2011 - 10:44 Uhr
Sprache: Deutsch
News-ID 77695
Anzahl Zeichen: 2302
contact information:
Town:
London
Kategorie:
Business News
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