Golar LNG Limited To Sell Portion Of Interests In Golar LNG Partners

(RTTNews) - Golar LNG Limited (GLNG) announced it is offering 3.4 million common units, representing limited partner interests in Golar LNG Partners LP, as a selling unitholder in the public offering announced by Golar LNG Partners. Following the offering, Golar LNG Limited will own 8,838,096 common units, 15,949,831 subordinated units, the 2% general partner interest and all of the incentive distribution rights in Golar LNG Partners. Golar LNG Partners plans to offer 5.1 million of its common units in the offering.

The company said it intends to use the proceeds from the offering to create liquidity which potentially can be used to develop its floating LNG production business.