Subscribe to RSS feedGolar shelves dividends but Gladstone okay
by
Obsidian
—
last modified
Mar 05, 2009 12:00 AM
John Fredriksen's Golar LNG is suspending dividend payments for at least two quarters as the company seeks to safeguard its cash position in the face of the continuing global credit squeeze.
The company also said it expects rates for liquefied natural gas carriers to remain weak for the next six months.
However, Golar said its agreement to take the full output of the Gladstone LNG project on a free-on-board basis...
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