Stock prices in LNG players have risen significantly, with New Fortress Energy’s share prices rising by 90% on February 24, 2022, when Russia began occupying Ukraine and hit a peak at the beginning of the following April.
The sale amounts to around one third of New Fortress Energy’s 18.6 million shares, which were obtained through the sale of subsidiary Hygo Energy Transition to New Fortress Energy in April 2021.
Golar LNG said the gained capital will be spent on new FLNG ventures.
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