Golar LNG Partners L.P. 8.75% Perpetual Preferred Stock (GMLPF)

Overview

Golar LNG Partners is established as a growth-oriented limited partnership, delineated from Golar LNG Limited, with a focus on ownership and operational capabilities of floating storage and regasification units (FSRUs) and liquefied natural gas (LNG) carriers. Manifesting as an entity formed by Golar LNG Limited, its strategic intent hinges on leveraging long-term charters, defined as charters of five years or more, as the framework for its operational and financial model. Anchored by the relationships, expertise, and reputation of Golar LNG Limited—a front-runner in the independent ownership and operation of FSRUs and LNG carriers—Golar LNG Partners is primed for exploring and capitalizing on growth avenues within these sectors. The collaborative synergy with Golar LNG Limited enables a complementary operational focus, where Golar LNG Partners dedicates its efforts toward stable, long-term charter operations of its assets, while Golar LNG Limited navigates the more dynamic realms of FSRU and LNG project development, alongside LNG trading and related activities marked by shorter-term contracts and variable cash flow prospects.

Products and Services

• Floating Storage and Regasification Units (FSRUs):

  These specialized ships are designed to store LNG and convert it back into gas, facilitating a critical component in the LNG supply chain. FSRUs represent a flexible and cost-effective solution for meeting immediate gas demand, especially in regions where land-based LNG regasification facilities aren't feasible or where there is a need for an expedited deployment. Golar LNG Partners' commitment to operating these assets under long-term charters ensures a stable cash flow, leveraging the expertise and network of Golar LNG Limited.

• Liquefied Natural Gas (LNG) Carriers:

  LNG carriers are vital for the transportation of LNG across oceans, serving as the maritime bridge connecting LNG producers and consumers globally. These vessels are equipped with highly specialized cryogenic tanks capable of maintaining the LNG at the extremely low temperatures required to keep it in liquid form. The partnership’s focus on long-term charters for their LNG carriers aligns with the overall strategy of ensuring consistency in operations and financial stability, benefiting from the strategic positioning and operational know-how of Golar LNG Limited.