Presentation

Golar LNG Partners was spun out of majority owner (30% stake) Golar LNG in 2007 and subsequently listed on the Nasdaq Stock Exchange in 2011 with a fleet of four LNGC vessels. Since then, four older LNGCs have been converted to FSRUs and added to the fleet. The company also has two newer built FSRUs. Golar Partners has a market capitalization of USD 200m and had net debt of 1.2bn as of Q2’20.

The company’s fleet thus consists of four LNGCs built in the early 2000s, four FSRUs converted from LNGCs built around 1980 and two FSRUs from 2014. GLMP also owns 50% of the floating liquefaction unit 'Hilli', with the remainder owned by affiliate/parent Golar LNG.

As of Q2’20, Golar Partners has a revenue backlog of USD 1.9bn with nine of eleven vessels on firm contracts and two currently laid up. The majority of the backlog stems from the FSRUs (60%), while Golar Hilli alone makes up 32%.