Nasdaq-listed Golar LNG Partners, a limited partnership formed by Golar LNG, signed an LNG terminal solutions development deal with Golar Power.
Under the agreement, the two companies 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, Golar said in its statement on Monday.
As part of the agreement, Golar Power, a venture of Golar LNG and Stonepeak Infrastructure Partners, and Golar Partners have agreed to terminate the existing omnibus agreement between the entities.
Karl Fredrik Staubo , CEO of Golar LNG Partners said, “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.”