Golar LNG raises $600 million loan with FLNG business expansion in mind
Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has landed a multimillion-dollar financing to fuel its floating LNG (FLNG) expansion.
Golar LNG has announced the closing of a new $600 million senior secured revolving credit facility (RCF), which further strengthens the firm’s balance sheet flexibility and facilitates further FLNG growth.
The facility received strong backing from a consortium of banks, including ABN AMRO, Citibank, Danske Bank, and Standard Chartered Bank. The RCF is secured by the company’s investment in the MKII FLNG currently being converted in China to serve a 20-year contract in Argentina.
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Coast is clear for Golar’s 20-year FLNG assignment in Argentina
MK II FLNG and Hilli FLNG will work at the Argentina LNG project and be chartered to Southern Energy S.A. (SESA), a company
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