XML 119 R95.htm IDEA: XBRL DOCUMENT v3.21.1
INVESTMENTS IN AFFILIATES - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Apr. 15, 2021
Jan. 13, 2021
Nov. 08, 2018
Oct. 01, 2018
Mar. 31, 2020
Feb. 29, 2020
Dec. 31, 2020
Dec. 31, 2019
Jan. 12, 2021
Nov. 30, 2019
Dec. 31, 2018
Jul. 31, 2016
Dec. 31, 2011
Mar. 31, 2006
Equity method investments acquired:                            
Equity method investment, other than temporary impairment             $ 135,883 $ 500            
Percentage of voting interest acquired             50.00%              
Common shares, par value (in dollars per share)             $ 1.00 $ 1.00            
Investment in affiliates             $ 312,151 $ 508,805     $ 571,782      
Hygo                            
Equity method investments acquired:                            
Ownership percentage, equity method investment             50.00%         50.00%    
Golar Partners                            
Equity method investments acquired:                            
Purchase of limited partners units           107,000                
Equity method investment, other than temporary impairment             $ 135,900              
Egyptian Company for Gas Services S.A.E                            
Equity method investments acquired:                            
Common stock purchased (in shares)                           500,000
Common stock purchased, price per share (in dollars per share)                           $ 1
Percentage of voting interest acquired             50.00%             50.00%
Investee capital share amount called                         $ 7,500  
Cash paid to maintain equity interest                         $ 3,750  
Ownership percentage, equity method investment                         50.00%  
GMLP Merger Agreement | Subsequent Event                            
Equity method investments acquired:                            
Proceeds from sale $ 75,700                          
Number of shares sold (in shares) 21,333,586                          
GMLP Merger Agreement | Subsequent Event | GP Buyer                            
Equity method investments acquired:                            
Share price (USD per share) $ 3.55                          
GMLP Merger Agreement | New Fortress Energy | Subsequent Event                            
Equity method investments acquired:                            
Premium % on share price 27.00%                          
Share price (in dollars per share) $ 2.79               $ 2.79          
GP Transfer Agreement | Subsequent Event | GP Buyer                            
Equity method investments acquired:                            
Proceeds from sale $ 5,100                          
HYGO Merger Agremenet | Subsequent Event | New Fortress Energy (NFE)                            
Equity method investments acquired:                            
Shares issued in acquisition (in shares)   18,600,000                        
HYGO Merger Agremenet | New Fortress Energy | Subsequent Event | Hygo                            
Equity method investments acquired:                            
Shares issued in acquisition (in shares) 31,372,549                          
Cash payments $ 580,000                          
HYGO Merger Agremenet | Stonepeak | Subsequent Event | New Fortress Energy (NFE)                            
Equity method investments acquired:                            
Shares issued in acquisition (in shares) 12,745,098                          
Cash payments $ 530,000                          
Cash settlement of preferred equity $ 180,000                          
Golar Partners                            
Equity method investments acquired:                            
Ownership percentage, equity method investment             32.80% 32.00%            
Investment in affiliates             $ 67,429 $ 214,296            
Hygo                            
Equity method investments acquired:                            
Ownership percentage, equity method investment             50.00% 50.00%            
Related party transaction amount             $ 0 $ 5,000            
Interest costs capitalized             1,900 14,700            
Investment in affiliates             $ 200,337 $ 261,693            
Hygo | Subsequent Event                            
Equity method investments acquired:                            
Consideration received (in shares) 18,627,451                          
Cash consideration received $ 50,000                          
CELSE | Hygo                            
Equity method investments acquired:                            
Ownership percentage, equity method investment                       50.00%    
Charter period (in years)         25 years                  
Avenir LNG Limited (“Avenir”)                            
Equity method investments acquired:                            
Ownership percentage, equity method investment             23.10% 22.50%            
Interest costs capitalized             $ 900 $ 1,300            
Investment in affiliates             $ 39,984 $ 28,101            
Goodwill                     $ 3,800      
Ownership percentage after transaction     22.50%                      
Avenir LNG Limited (“Avenir”) | Stolt-Nielsen Ltd and Höegh LNG Holdings Ltd                            
Equity method investments acquired:                            
Investment company, committed capital       $ 182,000                    
Avenir LNG Limited (“Avenir”) | Stolt-Nielsen Limited                            
Equity method investments acquired:                            
Ownership percentage after transaction     45.00%                      
Avenir LNG Limited (“Avenir”) | Hoegh LNG Holdings Limited                            
Equity method investments acquired:                            
Ownership percentage after transaction     22.50%                      
Avenir LNG                            
Equity method investments acquired:                            
Shares subscribed to be purchased             9,375,000              
Share par value             $ 1.00              
Aggregate cost             $ 9,400              
Equity method investment, current liability             $ 1,900              
Shares obliged to subscribe             1,875,000              
Equity Swap                            
Equity method investments acquired:                            
Derivative, fair value, net           $ 72,700       $ 69,500        
Equity Swap | Golar Partners                            
Equity method investments acquired:                            
Derivative, fair value, net           $ 500                
Private Placement | Avenir LNG Limited (“Avenir”)                            
Equity method investments acquired:                            
Number of subsidiary shares sold in transaction     11,000,000 99,000,000                    
Common shares, par value (in dollars per share)       $ 1                    
Sale of stock, price per share     $ 1 $ 1                    
Shares subscribed but unissued       24,800,000                    
Investment in affiliates       $ 24,800                    
Avenir LNG Limited (“Avenir”)                            
Equity method investments acquired:                            
Ownership percentage, equity method investment       25.00%                    
Shares subscribed to be purchased             9,375,000              
Aggregate cost             $ 9,400              
Equity method investment, current liability             $ 1,900              
Avenir LNG Limited (“Avenir”) | Stolt-Nielsen Ltd and Höegh LNG Holdings Ltd                            
Equity method investments acquired:                            
Investment company, committed capital       $ 182,000