Big Changes Ahead for CoolCo: A Merger That Could Shake Up the LNG Industry
Here’s a headline that’s bound to spark interest: Cool Company Ltd. (CoolCo) is gearing up for a special shareholder meeting on January 6, 2026, at 1:00 PM GMT, where the future of the company could take a dramatic turn. But here’s where it gets controversial: the meeting will decide on a proposed merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd. This move has the potential to reshape the landscape of the liquefied natural gas (LNG) carrier market, and not everyone is convinced it’s a smooth sail ahead.
What’s at Stake?
CoolCo, already a significant player in the LNG sector with a fleet of 13 vessels and a robust portfolio of charters with leading oil & gas, trading, and utility companies, is eyeing growth through this merger. The company has been expanding organically, with two newbuilds delivered in late 2024 and early 2025, but this merger could accelerate its ambitions in a fragmented LNG market. CoolCo’s strategy includes vessel acquisitions and potential consolidation, leveraging its in-house LNG transportation and infrastructure management platform. The company also benefits from the scale and support of Eastern Pacific Shipping, one of the world’s largest independent shipping fleets, which could further strengthen its position in negotiations with shipyards, financial institutions, and deal flow access.
But here’s the part most people miss: CoolCo is not just about growth; it’s also committed to sustainability. As part of its LNGe upgrade program, the company aims to reduce emissions by 10-15%, contributing to a fleet-wide target of cutting emissions by 35% from 2019 to 2030. This dual focus on expansion and decarbonization is a bold move in an industry often criticized for its environmental impact. Could this merger be the key to achieving both goals, or will it dilute the company’s sustainability efforts? That’s a question worth debating.
What Happens Next?
Shareholders of record as of December 16, 2025, will receive notice of the meeting and have the right to vote. The notice and associated information will be distributed through standard channels and will also be available on the SEC’s website (www.sec.gov) and CoolCo’s website (www.coolcoltd.com). For those holding shares listed on Euronext Growth Oslo, the Notice and Proxy Card are attached to the press release.
The Fine Print: Forward-Looking Statements and Risks
As with any major corporate move, there are risks and uncertainties. CoolCo’s press release includes forward-looking statements that are based on current plans, estimates, and expectations. These statements are not guarantees of future performance and are subject to risks such as delays in the merger, potential litigation, disruptions to business operations, and adverse reactions from stakeholders. For a detailed look at these risks, shareholders are encouraged to review the company’s filings with the SEC, including its Annual Report on Form 20-F for the fiscal year ended December 31, 2024.
Important Information for Shareholders
This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities. Shareholders are urged to read the Schedule 13E-3 Transaction Statement and any amendments carefully, as they contain critical information about the merger. These documents are available on the SEC’s website and CoolCo’s investor relations page.
Final Thoughts: A Merger Worth Watching
CoolCo’s proposed merger with a subsidiary of EPS Ventures Ltd. is a bold strategic move that could redefine its position in the LNG market. But it’s also a decision fraught with potential risks and uncertainties. As the January 6th meeting approaches, shareholders and industry observers alike will be watching closely. And this is the part most people miss: the outcome could set a precedent for how companies balance growth with sustainability in a rapidly evolving energy sector.
What do you think? Is this merger a step forward for CoolCo, or are there hidden pitfalls? Share your thoughts in the comments below—we’d love to hear your perspective!
