Golar LNG Limited and Stonepeak Infrastructure Partners to Sell 100% of Hygo Energy Transition Ltd. to New Fortress Energy
January 13, 2021 Golar LNG Limited (Nasdaq: GLNG) (GLNG) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (Stonepeak) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (Hygo) to New Fortress Energy Inc. (Nasdaq: NFE) (NFE).
- January 13, 2021 Golar LNG Limited (Nasdaq: GLNG) (GLNG) today announced that it and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (Stonepeak) have entered into a definitive agreement and plan of merger to sell 100% of Hygo Energy Transition Ltd. (Hygo) to New Fortress Energy Inc. (Nasdaq: NFE) (NFE).
- Hygo, a gas to power and downstream LNG distribution company, is owned 50% by each of GLNG and by funds and other entities managed by Stonepeak.
- Golar LNG is one of the world's most innovative and experienced independent owners and operators of marine LNG infrastructure.
- New Fortress Energy is a global energy infrastructure company founded to help accelerate the worlds transition to clean energy.