Announced
Completed
Financials
Sources
Tags
Bermuda
Acquisition
Oil Equipment and Services
Private Equity
Private
Natural
terminal and power generation infrastructure
Completed
Single Bidder
Synopsis
Golar LNG, a LNG solutions provider has entered into a 50/50 joint venture with Stonepeak Infrastructure Partners, a private equity company to create Golar Power, integrated LNG based downstream solutions provider. Stonepeak Senior Managing Director, Luke Taylor, commented: "We are excited to partner with the leading player in the LNG downstream market and see compelling opportunities in this market to build and operate long term LNG and power infrastructure with high quality counterparties. While our initial commitment is $290m we hope to invest up to $500m in the coming years".
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