Idan Ofer buys more shares in CoolCo

A company controlled by Idan Ofer has purchased more shares in LNG carrier operator CoolCo, which it formed with Tor Olav Troim’s Golar LNG.

To remind, CoolCo said in April it had completed completed the purchase of all eight TFDE vessels from Golar as part of a deal revealed in December.

Ofer has the biggest stake in Oslo-listed CoolCo via EPS Ventures, a company affiliated with his Eastern Pacific Shipping and owned by Ofer’s Quantum Pacific Shipping.

According to statements by CoolCo, EPS Ventures increased its share in the LNG shipping firm from 37.59 percent on May 13 to 37.99 percent on June 17.

Prior to May 13, EPS Ventures had 15,000,000 shares, and after eight separate transactions the firm now owns 15,199,264 of CoolCo’s shares.

For the latest transaction on June 17, EPS Ventures paid 87.42 Norwegian Krone ($8.85) per share for 98,766 shares.

CoolCo’s data shows that Golar has 12,510,000 shares in the company, representing 31.2 percent of all shares in issue.

Besides owning eight TFDE LNG carriers, CoolCo manages a fleet of 20 vessels.

These include the four LNG carrier EPS bought earlier this year from the Dutch ING bank, and seven other LNG carriers and nine FSRUs, mainly owned by US LNG player New Fortress Energy.

Most Popular

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

More News Like This

BP, partners ship first Tortue LNG cargo

UK-based energy giant BP and its partners have shipped the first liquefied natural gas (LNG) cargo produced at the Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, according to shipping data.

Eastern Pacific Shipping in 350th LNG bunkering op

Singapore’s Eastern Pacific Shipping has completed its 350th ship-to-ship LNG bunkering operation as the company’s fleet of LNG-powered vessels continues to expand.

EPS adds new LNG-powered PCTC to its fleet

Singapore’s Eastern Pacific Shipping took delivery of another LNG-fueled pure car and truck carrier in China.

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.