Golar releases its 2021 Environmental, Social and Governance report

Rhea-AI Summary

Golar LNG Limited has released its 2021 Environmental, Social and Governance (ESG) report, highlighting its commitment to facilitating the global energy transition towards lower carbon emissions. The report emphasizes the role of LNG as a transitional fuel alongside renewable energy sources while ensuring energy security. Golar has also invested in a carbon capture technology that has achieved proof of concept, with potential applications in future FLNG projects, contingent upon a successful commercial pilot. The full report is accessible on Golar's website.

Positive

• Golar LNG promotes LNG as a critical transitional fuel in the energy sector.
• Investment in a carbon capture technology could enhance operational emissions reductions and future FLNG project viability.

Negative

• None.

Golar LNG Limited (“Golar”) is pleased to announce that it has issued its 2021 Environmental, Social and Governance (“ESG”) report. This comprehensive report describes Golar’s important role in advancing the global energy transition to a lower carbon future - championing LNG as a transition fuel in partnership with renewables, and as a reliable alternative for those in need of energy security today.

As part of our target to further reduce emissions from our operations Golar has invested in a carbon capture technology company that has developed and achieved proof of concept for a CO2 capture and separation membrane technology. Subject to successful completion of a commercial pilot project with another industrial user, the technology could be used in future FLNG projects.

Our 2021 ESG report is attached and will also be posted to our website.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended).  All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda
May 16, 2022
Enquiries:
Golar Management Limited: + 44 207 063 7900
Stuart Buchanan

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

• 2021 ESG Report

FAQ

What does Golar LNG's 2021 ESG report highlight?

The report emphasizes Golar's commitment to the energy transition and its role in promoting LNG as a transitional fuel.

What technological investment has Golar LNG made recently?

Golar has invested in a carbon capture technology company with proof of concept for CO2 capture.

What is the significance of Golar LNG's carbon capture technology?

The technology could potentially be used in future FLNG projects, pending successful commercial pilot outcomes.

When was Golar LNG's 2021 ESG report released?

The report was announced on May 16, 2022.

Where can I access Golar LNG's 2021 ESG report?

The full report is available on Golar LNG's website.