- Business
- Golar LNG Partners LP (GMLPF) owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term charters; its fleet includes six FSRUs and four LNG carriers serving markets in Indonesia, Brazil, Jordan, Jamaica, Kuwait, and the United Arab Emirates; the company operates through three reportable segments comprising LNG transportation, FSRUs, and floating LNG vessels. Founded in 2007 and headquartered in Hamilton, Bermuda, Golar LNG Partners LP functions as a subsidiary of NFE GP LLC following its acquisition by New Fortress Energy Inc. in April 2021, with Golar GP LLC serving as its general partner. The partnership targets energy infrastructure customers including national oil companies and utilities, generating revenue primarily from charter contracts in these regions. Recent developments include the ongoing declaration of cash distributions on its 8.75% cumulative redeemable preferred Series A units, such as the $0.546875 per unit payout announced in July 2024, alongside efforts to refinance debt maturities and maintain operational stability amid sector challenges.