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EQUITY METHOD INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Participation percentages, carrying amounts and components of non-consolidated investees | At December 31, 2021 and 2020, we have the following participation in investments that are recorded using the equity method:
| 2021 |  | 2020
Egyptian Company for Gas Services S.A.E (“ECGS”) | 50.0 | % |  | 50.0 | %
Avenir LNG Limited (“Avenir”) | 23.5 | % |  | 23.1 | %
The carrying amounts of our investments in our equity method investments as at December 31, 2021 and 2020 are as follows:
(in thousands of $) | 2021 |  | 2020
Avenir | 47,913 |  |  | 39,984 |
ECGS | 4,302 |  |  | 4,401 |
Total equity method investments | 52,215 |  |  | 44,385 |
The components of our equity method investments are as follows:
(in thousands of $) | 2021 |  | 2020
Balance as of January 1 | 44,385 |  |  | 32,816 |
Additions | 6,750 |  |  | 11,250 |
Capitalized interest | — |  |  | 857 |
Net income/(losses) from equity method investments | 1,080 |  |  | (538) |
Balance as at December 31 | 52,215 |  | 44,385

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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