Golar LNG net income first quarter of 2011

Golar LNG net income first quarter of 2011 : Golar LNG reports consolidated net income of $16.3 million and consolidated operating income of $20.4 million for the first quarter of 2011, Golar LNG announces a cash dividend of $0.25 cents per share, Significant improvement in charter rates during the quarter

Golar secures charters for its 4 modern vessels of between 12 and 18 months. The contracts are expected to generate approximately $80 million of EBITDA on an annualized basis


Successful completion of the initial public offering of Golar LNG Partners raising gross proceeds of $310 million

Golar LNG orders 6 new LNG carriers from Samsung Heavy Industries and has options on a further 2 vessels

In April 2011, Golar LNG acquired shares in subsidiary company Golar LNG Energy Limited via private placement share swaps and cash purchases that increased its ownership to 95.1%. A voluntary offer has subsequently been made for the balance of the outstanding shares of Golar LNG Energy Limited and Golar LNG currently owns 99.4 % of the shares.

The West Java FSRU Project time charter agreement with PT Nusantara Regas was executed in April 2011 full Golar LNG reports www.reuters.com... For the latest updates PRESS CTR + D or visit Stock Market news Today

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