Golar LNG sells shares of Avenir LNG to Stolt-Nielsen Gas for $40M

Golar LNG (GLNG) has entered into a share purchase agreement for the sale of all its shares in Avenir LNG to Stolt-Nielsen Gas for a total consideration of approximately $40M. The transaction is expected to be completed during the first quarter of 2025, subject to fulfilment of the conditions under the share purchase agreement. Golar will remain a 25% shareholder and debt provider to Higas Srl, the HIGAS LNG storage terminal in Sardinia, that was spun off from Avenir LNG in October 2024. As of end October 2024, the book value of HIGAS was $40.5M, of which $24.7M was shareholder loans and $15.8M shareholders equity.