M&A Deal Summary

New Fortress Energy Acquires Golar LNG

On January 13, 2021, New Fortress Energy acquired oil/gas exploration company Golar LNG for 1.9B USD

Acquisition Highlights

This is New Fortress Energy’s 1st transaction in the Oil/Gas Exploration sector.
This is New Fortress Energy’s largest (disclosed) transaction.
This is New Fortress Energy’s 2nd transaction in Bermuda.

M&A Deal Summary
Date	2021-01-13
Target	Golar LNG
Sector	Oil/Gas Exploration
Buyer(s)	New Fortress Energy
Deal Type	Add-on Acquisition
Deal Value	1.9B USD

Target

Golar LNG

Hamilton, Bermuda
website

Golar LNG provides infrastructure for the liquefaction, transportation, regasification, and downstream distribution of LNG. It operates through three segments: Vessel Operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, FLNG, and floating storage regasification units (FSRUs); and the development of gas to power projects, as well as LNG distribution operations. Golar LNG was founded in 1946 and is headquartered in Hamilton, Bermuda.

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