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Equity Method Investments

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity method investments

EQUITY METHOD INVESTMENTS

			Nine months ended September 30,
(in thousands of $)			2022			2021
Share of net income of CoolCo			16,547			—
Share of net losses of Avenir			(3,967)			(382)
Share of net income of other equity method investments			416			(180)
Net income from equity method investments			12,996			(562)

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

(in thousands of $)			September 30, 2022			December 31, 2021
CoolCo (note 11)			145,804			—
Avenir			43,946			47,913
Others (1)			7,162			4,302
Equity method investments			196,912			52,215

(1) Others include our equity method investments in Egyptian Company for Gas Services S.A.E. (“ECGS”) and Aqualung Carbon Capture ("Aqualung").

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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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