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EQUITY METHOD INVESTMENTS (Tables)
 12 Months Ended
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:
 20212020
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 $)20212020
Avenir47,913 39,984 
ECGS4,302 4,401 
Total equity method investments52,215 44,385 

The components of our equity method investments are as follows:
(in thousands of $)20212020
Balance as of January 144,385 32,816 
Additions6,750 11,250 
Capitalized interest— 857 
Net income/(losses) from equity method investments 1,080 (538)
Balance as at December 3152,21544,385