Acceptance and sale of FSRU LNG Croatia
December 23 2020 - 8:59AM
Golar LNG Limited (“Golar”) announces today that
the FSRU LNG Croatia (formerly known as the Golar Viking) has been
accepted by its customer LNG Hrvatska d.o.o. (“LNG Hrvatska”), and
that the sale of the FSRU has been completed. The sale will release
approximately $47 million of free cash to Golar between Q4 2020 and
Q1 2021 after repayment of the vessel debt facility and settlement
of remaining conversion and commissioning costs. Golar will now
operate and maintain the LNG Croatia for a minimum period of 10
years under contract to LNG Hrvatska.
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) which reflects management’s current
expectations, estimates and projections about its operations. All
statements, other than statements of historical facts, that address
activities and events that will, should, could or may occur in the
future are forward-looking statements. Words such as “may,”
“could,” “should,” “would,” “expect,” “plan,” “anticipate,”
“intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,”
“potential,” “continue,” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Golar LNG Limited undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Hamilton, BermudaDecember 23,
2020Enquiries:Golar Management Limited: + 44 207 063 7900Iain Ross
- CEOKarl Fredrik Staubo - CFOStuart Buchanan - Head of Investor
Relations
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