US-listed New Fortress Energy has sold its stake in the floating LNG unit Hilli to Golar LNG in exchange for $100m in cash and the return of its outstanding shares.
New Fortress said in an announcement that Golar will acquire its entire interest in the 2.4 million tonnes per annum, Cameroon-located FLNG unit Hilli.
The company said it will acquire all the New Fortress shares held by Golar.
