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Equity Method Investments

6 Months Ended

Jun. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

EQUITY METHOD INVESTMENTS

			Six months ended June 30,
(in thousands of $)			2022			2021
Share of net income of CoolCo			5,390			—
Share of net income of ECGS			156			4
Share of net (losses)/income of Avenir			(2,537)			153
Net income from equity method investments			3,009			157

The carrying amounts of our equity method investments as of June 30, 2022 and December 31, 2021 are as follows:

(in thousands of $)			June 30, 2022			December 31, 2021
CoolCo (note 11)			134,862			—
Avenir			45,376			47,913
ECGS			4,455			4,302
Equity method investments			184,693			52,215

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- References

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI https://asc.fasb.org/topic&trid=2196965

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