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Investments in Affiliates and Joint Ventures
 9 Months Ended
Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments in Affiliates and Joint Ventures
INVESTMENTS IN AFFILIATES

 
Nine Months Ended 
 September 30,
(in thousands of $)
2018

2017

Share of net earnings (losses) in Golar Partners (1)
15,541

(1,763
)
Share of net loss in Golar Power
(16,985
)
(12,460
)
Share of net loss in OneLNG
(2,047
)
(5,281
)
Share of net (loss) earnings in Egyptian Company for Gas Services ("ECGS")
(56
)
404

 
(3,547
)
(19,100
)

(1) For the nine months ended September 30, 2017, our share of net earnings (losses) in Golar Partners includes a non-cash loss on deemed disposal of $17.0 million, being the dilutive impact on our ownership interest due to further issuances of common units by Golar Partners in February 2017.

The carrying amounts of our investments in our equity method investments as at September 30, 2018 and December 31, 2017 are as follows:
(in thousands of $)
September 30, 2018

December 31, 2017

Golar Partners
438,294

467,097

Golar Power
258,599

228,696

OneLNG (1)
—

2,047

ECGS
5,329

5,385

Equity in net assets of affiliates
702,222

703,225


(1) The delays in finalizing a debt financing package for the Fortuna FLNG project, together with other capital and resource priorities, has resulted in a decision from Schlumberger to end their participation in the project. Golar and Schlumberger, as a result of this, plan to wind down OneLNG and work on FLNG projects as required on a case-by-case basis. As a result, we have written down our investment in OneLNG to $nil at September 30, 2018.