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ASSET UNDER DEVELOPMENT (Tables)
12 Months Ended
Dec. 31, 2021
Extractive Industries [Abstract]  
Schedule of assets under development
(in thousands of $)20212020
As of January 1658,247 434,248 
Additions178,377 283,927 
Transfer from vessels and equipment, net (note 19)— 77,172 
Transfer from other non-current assets (1)
— 16,213 
Interest costs capitalized41,214 34,296 
Disposal of LNG Croatia
— (187,609)
As of December 31877,838 658,247 

(1) In January 2020, the net book value of LNG Croatia was classified to asset under development as well as the associated long lead items of $16.2 million, following her entry to the shipyard for FSRU conversion.
Schedule of contractual obligations by fiscal year maturity As of December 31, 2021, the estimated timing of the outstanding payments in connection with the Gimi FLNG conversion are as follows:
(in thousands of $)
Period ending December 31,
2022372,792 
2023285,358 
202457,346 
715,496 
Schedule of gain on disposal of asset under development
The table below shows the gain on disposal of the LNG Croatia recognized in December 2020 under “Other non-operating income”:
(in thousands of $)2020
Cash consideration received193,291 
Carrying value of converted vessel, LNG Croatia
(187,609)
Gain on disposal5,682