The shares ended the trading day in New York at $45.01 versus the $37.64 seen at the close of trading on Monday.

Close to 11.8m shares changed hands as Golar LNG’s stock reached its highest level since late November 2014.

On Tuesday Golar LNG announced a lucrative contract for its converted 125,000-cbm floating LNG (FLNG) vessel Gimi (built 1976) in Africa.

A binding agreement has been signed with Ophir Energy and GEPetrol for operation in Equatorial Guinea.

The