Golar LNG Partners LP and Golar Power Ltd. enter into cooperation agreement to develop LNG terminals from Golar LNG Partners ...
31 Agosto 2020 - 9:10AM
Golar LNG Partners LP (“Golar Partners”, “GMLP”
or the “Partnership”) and Golar Power Ltd. (“Golar Power”) have
entered into a cooperation agreement where the parties intend to
work together to develop hub-spoke LNG terminal solutions utilizing
GMLP’s available asset portfolio, where GMLP’s assets are
technically suitable. The terms and structure of the commercial
cooperation will be worked on a project by project basis given the
customized nature of each potential terminal.
As part of the agreement, Golar Power and Golar
Partners have agreed to terminate the existing Omnibus agreement
between the entities.
Karl Fredrik Staubo, CEO of Golar LNG Partners
LP commented. “We are excited to formalize a commercial cooperation
with Golar Power, to leverage the expertise of the Golar Power team
to develop FSRU terminals and parcel regasification demand. This
agreement will, alongside normal FSRU tendering activity, increase
the Partnership’s re-contracting options, and provide an
opportunity to potentially earn higher returns than standard FSRU
contracts. The Partnership’s assets provide an opportunity to
fast-track global terminal opportunities that should benefit both
parties.”
FORWARD LOOKING STATEMENTS
This press release contains certain
forward-looking statements concerning future events and the
Partnership’s operations, performance and financial condition.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
“believe”, “anticipate”, “expect”, “estimate”, “project”, “will
be”, “will continue”, “will likely result”, “plan”, “intend” or
words or phrases of similar meanings. Such statements are generally
not historical in nature and specifically include statements about
the Partnership’s plans, strategies, business prospects and changes
and trends in the business in which it operates. In particular,
statements regarding the Partnership’s cash distributions and
common unit repurchase plan are considered forward looking
statements. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond the Partnership’s control. Actual results
may differ materially from those expressed or implied by such
forward-looking statements. New factors emerge from time to time,
and it is not possible for the Partnership to predict all of these
factors. Further, the Partnership cannot assess the impact of each
such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
The Partnership does not intend to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Partnership’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any such statement is based.
Golar LNG Partners LPHamilton, BermudaAugust 31,
2020Questions should be directed to:c/o Golar Management Ltd - +44
207 063 7900Karl StauboStuart Buchanan
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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