Golar LNG Partners LP (NASDAQ:GMLP) is a limited partnership which owns and operates floating storage and re-gasification units. These boats are used to store gas extracted from frontier oil exploration sites until they can be used to fill tankers or oil pipelines.Golar charters out these ships to other companies or organizations on long term, at least 5 year, contracts.
Golar believes there will be an increased in demand for floating storage and regasification units (FSRU). Golar expects that this is because the floating ships are easy to install and can be rapidly deployed to regions. As Oil & Gas Drilling & Exploration have moved to increasingly remote regions. This requires storage units which can be brought to these locations with relative speed and low costs. 
The company's initial public offering of stock on the NASDAQ occurred on April 7, 2011. The company offered 12M shares each for $22.50. This was abovee the initial price range of $20-$22. The lead underwriters of the deal were Citigroup (C), Bank of America (BAC), and Morgan Stanley (MS).
For the full year 2010, Golar reported a total revenue of $153M. This was a 27.5% increase over the $120M of total revenue reported in 2009. In 2010, the company's net income was $57.7M, which was an increase over the net income of $42.2M in 2009.