Golar LNG has received a boost in the amount of capital available for new projects following a sale-and-leaseback deal with Cosco Shipping Development Co.

The Hong Kong-listed company said yesterday it was paying $187m for the 160,000-cbm Golar Crystal, which has been chartered back to Golar for 10 years.

Fotis Giannakoulis, an analyst at Morgan Stanley, says the transaction will boost Golar’s liquidity by a further $11m.

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