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Fredriksen raises 1.1 bil. USD for LNG newbuilds

Golar LNG has secured 1.12 billion USD for financing newbuildings of ships, writes the company in a press release.

Financing of 1.12 billion USD will pay for eight of Golar LNG’s 13 newbuildings, which count LNG transport ships and Floating Storage Regasification Units (FSRU), reveals a press release from the company, which has the Norwegian John Fredriksen as chairman.

“Golar has demonstrated its commitment to LNG Shipping and FSRUs with its newbuilding programme, on the back of extremely attractive long term market fundamentals.  To have the support of the Korean ECAs to this extent, without requirement for contracts in place, enables Golar to take a more flexible and long-term approach to the LNG shipping market,” John Fredriksen states in the release.

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