How Golar LNG Is Turning Its Biggest Weakness Into an Opportunity
One of the biggest challenges for a tanker company is how to deal with its older assets. For a company like Golar LNG , where a large part of its fleet is getting up there in age, it's even more difficult because Golar's competitors --Gaslog and Teekay LNG Partners -- have much younger fleets, and many of their new vessels will have contracts in place before leaving the construction yard. Rather than simply give up on these vessels, though, Golar is implementing a rather creative strategy. It's converting several of its older LNG tankers into floating LNG liquefaction facilities.
When you consider the need to LNG export capacity around the world, you can see how this is a very compelling business strategy. Find out more about how this could benefit Golar, and its chances of making it succeed, by tuning into the video below.
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The article How Golar LNG Is Turning Its Biggest Weakness Into an Opportunity originally appeared on Fool.com.Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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