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Acquisition of FSRU

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July 2, 2014

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Acquisition of FSRU

International Desk:

The partnership financed the purchase price by the assumption of outstanding debt obligations in respect of the Golar Igloo in the sum of $161.3 million with the balance from the cash proceeds of its December 2013 equity offering.

FSRU Golar Igloo was built by Korean shipyard, Samsung Heavy Industries Co. Ltd., and was delivered in February 2014.

The vessel, currently completing its commissioning procedures, has commenced service under a five-year time charter with Kuwait National Petroleum Company (KNPC), supporting KNPC’s LNG import operations at Mina Al Ahmadi in Kuwait.

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