Stolt-Nielsen, Golar LNG Form JV On Small-scale LNG Production And Distribution

(RTTNews) - Stolt-Nielsen Limited and Golar LNG Limited (GLNG) announced the formation of a 50/50 joint venture to pursue opportunities in small-scale LNG production and distribution.

Stolt-Nielsen Limited has made a strategic investment in Golar LNG through open-market purchases, representing an ownership stake of approximately 2.3% in the company. Golar LNG is one of the world's largest independent owners and operators of LNG carriers.

Golar developed the first floating storage and regasification units (FSRU), based on conversions of existing LNG carriers, and more recently moved upstream with the introduction of its floating liquefaction project (GoFLNG)