Golar LNG Partners LP said Thursday it plans to buy assets from its parent company for $330 million.
The Bermuda-based company will pay parent Golar LNG Ltd. for a floating storage and regasification unit called "Golar Freeze."
The parent, Golar LNG, will loan Golar LNG Partners $222 million to help pay for the acquisition. Golar LNG Partners also will seek $108 million in other loans. The deal is expected to close at the end of the month.
Golar Freeze has about nine years remaining on a contract with Dubai Supply Authority. The authority has the option to extend that contract for another five years.
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Golar LNG Partners shares rose 78 cents or 3.4 percent, to $24.08 in midday trading.