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Golar LNG Fixes New Charters, Secures USD 180 Mn Loan

August 30, 2019

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Namely, Golar LNG fixed four LNG carriers on floating rate contracts and two more on fixed rate charters.

Additionally, the new financing facilities will immediately release USD 180 million to Golar which, together with the USD 700 million underwritten funding for the FLNG Gimi, de-risks the group’s balance sheet and enhances liquidity.

“Operationally, Golar made steady progress. In Shipping, we have taken advantage of seasonally low rates to dry dock vessels ahead of the second half market upturn. In FLNG, Hilli Episeyo maintained 100% commercial uptime, while the Gimi conversion project continues to budget and schedule,” Iain Ross, CEO, Golar LNG, said.

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