The Jurong Shipyard conversion job will commence its 10-year charter with PT Nusantara Regas (PTNR) for Pertamina's West Java LNG project upon final acceptance by PTNR. The vessel is now fully operational, receiving charter hire and is undergoing commissioning and final acceptance procedures. Initial terms are for the contract to end on 31 December 2022 with a three-year extension option.
Golar LNG Partners estimates the acquisition will generate approximate annual net cash from operations, before the deduction of interest cost, between $42m and $44m.
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