Golar LNG has bought partner New Fortress Energy out of the Hilli Episeyo floating liquefied natural gas facility operating offshore Cameroon.
Tor Olav Troim-chaired Golar will return 4.1 million New Fortress shares and pay $100 million in cash to fund the deal.
As part of the agreement, New Fortress will also extinguish $323 million in debt obligations associated with its interest in Hilli Episeyo FLNG.
