Presentation

Golar LNG traces its roots back to 1946 when The Gotaas-Larsen Shipping Corporation was founded. The company entered the LNG market in 1970 with the order of the LNG carrier Hilli. After several changes of ownership, the company was listed on Nasdaq in 2002.

Today, the company has ownership interest in two FLNGs (incl. the to-be-converted 'Gimi'), ten LNGCs (incl. one earmarked for FLNG conversion) and one FSRU.
The recent sale of Hygo Energy and Golar Partners by Golar LNG to New Fortress Energy in H1'21, marks the final step in the Golar group's simplification process. The transaction was settled with cash and equity in New Fortress Energy. As of Q2’21, Golar controls ~9% of the shares in New Fortress Energy, with the lock-up expired.

Golar LNG recently entered a 5-year fixture for one of their LNGCs, with the fixture commencing in 2022, adding to its backlog. Most of Golar LNG’s current contracts were fixed in 2020, at a time when the market was softer than the current market. Golar LNG expects to benefit as its exposure to the improved market increases. Further, the company increases its gas price exposure by leveraging its FLNG technology upstream in the LNG value chain and linking the increased production on Hili to European gas prices.