Cool Company Ltd (CLCO) has released an update.
Cool Company Ltd. has significantly bolstered its financial position by securing a 14-year time charter with GAIL (India) Limited for a state-of-the-art, highly efficient newbuild LNG carrier, set to commence in early 2025. This strategic move not only promises to deliver LNG to the rapidly expanding Indian market but also elevates CoolCo’s firm revenue backlog to over $1.2 billion and its total revenue backlog to nearly $1.9 billion.
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