Golar LNG Acquires 9.9 % of Korea Line

Friday, January 02, 2004
Golar LNG Ltd. has acquired 9.9 % of the shares in the Korean shipping company Korea Line. Korea Line is listed on the Seoul Stock Exchange and has a market capitalisation of around $130 million. Korea Line owns directly 100% of two modern LNG Carriers on long term charter to KOGAS. The company has also smaller ownership in four other large LNG carriers also on long term charter to KOGAS. Golar sees the investment in Korea Line as an interesting opportunity to develop a positive relationship to mutual benefit to one of the leading Asian LNG Shipping providers.
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