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Investments in Affiliates and Joint Ventures
 6 Months Ended
Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Affiliates and Joint Ventures INVESTMENTS IN AFFILIATES AND JOINT VENTURES
Six months ended June 30,
(in thousands of $)20202019
Share of net losses in Golar Partners (1)
(147,015) (27,659) 
Share of net losses in Golar Power (2)
(30,025) (10,923) 
Share of net losses in Avenir (3)
(212) (429) 
Share of net gains/(losses) in others(49) (858) 
(177,301) (39,869) 

The carrying amounts of our investments in our equity method investments as at June 30, 2020 and December 31, 2019 are as follows:
(in thousands of $)June 30, 2020December 31, 2019
Golar Partners58,166  214,296  
Golar Power210,088  261,693  
Avenir39,682  28,101  
Others4,665  4,715  
Investments in affiliates312,601  508,805  

(1) As a result of the continued suppression of Golar Partners' unit price and the significant difference between the carrying value of our investment in Golar Partners and its fair value, we believe that the decline in Golar Partners’ unit price is no longer temporary. Consequently, on June 30, 2020, we recognized an impairment charge of $135.9 million and presented in "Equity in net losses of affiliates" of our consolidated statements of loss. The fair value of our investment in Golar Partners is categorized within level 2 of the fair value hierarchy. We used Golar Partners’ unit price as at June 30, 2020, to estimate the total equity value of our investment.

(2) The decrease in carrying value of our investment in Golar Power was mainly driven by unfavorable foreign exchange rate movements resulting in a other comprehensive loss of $21.1 million for the six months ended June 30, 2020, increased costs of the Sergipe power plant which commenced commercial operations in late March 2020 and our share of the ‘Day 1’ non-cash accounting loss on the deemed disposal of the FSRU Golar Nanook that became available for use by the lessee, resulting in commencement of the sales-type lease, on March 31, 2020. Once available for use, both the power plant and Golar Nanook are no longer classed as assets under construction, resulting in the cessation of capitalizing directly attributable costs. $12.4 million of interest income from the sales-type lease was recognized in the period up to June 30, 2020.

(3) In March 2020, Avenir issued an Equity Shortfall Offering to its shareholders, requiring funding of an equity shortfall by means of a total equity contribution to be funded on a pro rata basis. As of June 30, 2020, we have subscribed 7,500,000 additional shares at $1.00 par value and paid $7.5 million. We are obligated to subscribe a further 3,750,000 of additional shares at $1.00 par value, or $3.75 million and have recognized this liability under “Other current liabilities” in our consolidated balance sheet.