Golar LNG said it has entered into a purchase agreement to sell the Golar Tundra for $330million.
The company said it will receive a daily fee plus operating expenses as a result of the sale of the floating storage and regasification unit which will be around $2.6million per month.
This will be for Golar’s right to use the unit from the date of closing until the date the Golar Tundra commences its time charter with West Africa Gas Limited.
Golar said in return, the partnership will remit to Golar any hire income received with respect to the Golar Tundra during the period.
The sale is expected to close in March 2016 and the vessel is expected to commence operations under its time charter with West Africa Gas Limited at the end of the second quarter of 2016.