Nordic Business Report-November 10, 2006-Golar LNG to acquire 20% stake of Livorno project (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com The Bermuda-registered Norwegian shipping company Golar LNG Limited said on Friday (10 November) that its subsidiary, Golar Offshore Toscana Limited, has signed a share purchase agreement with OLT Energy Toscana SpA for the acquisition of 20% of the shares in OLT Offshore LNG Toscana S.p.A. The new LNG terminal in Italy, which earlier this year was granted a government decree approving or permitting the project, will have a regulated capacity of 3.75 Bcm/year. The terminal will be located 20 kilometres out to sea off the Livorno coast. The deal includes an intention between the parties to sell the LNG carrier Golar Frost to OLT-O. Details of the financial terms were not provided. Golar LNG is the leading independent owner operator of LNG (liquefied natural gas) transportation. The company is listed on the Oslo Stock Exchange under the ticker GOL. ((Comments on this story may be sent to [email protected]))