Golar’s JV Hygo Energy launches IPO

Golar LNG’s joint venture with Stonepeak Infrastructure Partners, Hygo Energy Transition, has launched an initial public offering.

The offering is for 23.1 million shares at a price between $18.00 and $21.00 per common share, Golar LNG said on Thursday.

This follows a registration statement previously filed with the US SEC by Hygo Energy, formerly known as Golar Power.

In addition, Hygo intends to grant the underwriters a 30-day option to purchase up to an additional 3.46 million shares.

Hygo has applied to list the common shares on the Nasdaq Global Select Marketplace under the ticker symbol “HYGO.”

Following the consummation of the initial public offering, Golar will own 50 million shares in Hygo, it said.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

Golar seals $1.2 billion leasing deal for FLNG Gimi

Floating LNG player Golar LNG has entered into lease agreements with a consortium of Chinese leasing companies for the refinancing of the existing FLNG Gimi debt facility.

Indonesia’s Soechi Lines buys LNG carrier

Indonesia's Soechi Lines has completed the acquisition of one liquefied natural gas (LNG) carrier. The firm did not reveal the name of the vessel, but it is said to be the 2003-built steam turbine LNG carrier, Golar Arctic.

Golar’s fourth unit may be world’s largest FLNG

Golar LNG's next converted FLNG may have a capacity of 5 mtpa, which would make it the world's largest FLNG, according to CEO Karl Staubo.

Golar in advanced FLNG charter talks

Floating LNG player Golar LNG is in advanced talks to secure a charter deal for its MKII FLNG, while it continues to work on further FLNG fleet expansion.