As part of the deal, Golar LNG Partners will own and operate Golar Igloo, a floating storage and regasification unit.
Golar said that the transaction is subject to the satisfaction of certain closing conditions.
According to the company, the net proceeds from the deal will be applied against the remaining interim installments of the new build program and create liquidity, which can be used as part equity in a potential ordering of a FLNG vessel.
The company also said that the transaction is expected to fully fund the equity component of the firm’s current new building program, simultaneously providing for the development of Golar Partners.
