Golar LNG Limited has executed agreements to sell the 2003-built steam turbine LNG carrier, Golar Arctic. The sale price for the vessel is $24m before transaction related expenses, Golar said, adding that the LNG carrier is unencumbered.
The transaction is expected to close, and the vessel is to be handed over to its new owner, within the first quarter of 2025.
The Golar Arctic is the last LNG carrier in the Golar fleet. “Following the vessel sale, Golar will have fully exited its legacy shipping business,” reads the company’s announcement.
The LNG carrier Fuji LNG discharged its final cargo as an LNG carrier in January 2025, and has now arrived in China preparing to enter CIMC shipyard for conversion into a MKII FLNG later this month.
Karl Fredrik Staubo, Golar CEO, said: “The sale of the Golar Arctic marks the conclusion of Golar’s planned exit from the LNG shipping segment, 50 years after taking delivery of our first LNG carrier in 1975.
“Over the last 50 years LNG shipping has been the foundation for Golar’s pioneering maritime LNG infrastructure advances, including FSRUs and FLNGs. Golar’s transition into a focused FLNG infrastructure company is now complete. We look forward to expanding our market leading FLNG position.”
