Golar LNG has revealed more details of the formation of its LNG carrier spin-off Cool Company (CoolCo).

A deal for CoolCo to buy Tor Olav Troim-backed Golar's eight tri-fuel diesel electric-powered ships was agreed in December with Idan Ofer's Eastern Pacific Shipping.

CoolCo will have an initial market capitalisation of $375m, Golar said.