Golar releases its 2023 Environmental, Social and Governance report

Rhea-AI Summary

Golar LNG has released its 2023 Environmental, Social, and Governance (ESG) report. This comprehensive document highlights Golar's initiatives and strategies aimed at advancing the global energy transition to a lower carbon future. Key elements include the company's flagship Floating Liquefied Natural Gas (FLNG) business and the promising small-scale Flare to Gas (F2X) initiative, which captures and monetizes flare gas onshore. These efforts aim to benefit both the environment and the communities in which Golar operates. The full report is available on Golar's website.

Positive

• Golar's ESG report highlights significant contributions to the global energy transition.
• The FLNG business and F2X initiative show promising potential in reducing carbon emissions.
• Efforts to capture and monetize flare gas can lead to economic and environmental benefits.

Negative

• The report lacks specific financial data or metrics to quantify the impact of these initiatives.
• There is no mention of potential risks or challenges in implementing the FLNG and F2X projects.
• The absence of timeline and milestones for the projects may raise concerns about execution.

Golar LNG Limited (“Golar”) is pleased to announce that it has issued its 2023 Environmental, Social and Governance (“ESG”) report. This comprehensive report details how Golar’s technology and business model including its flagship FLNG business and promising small-scale Flare to Gas (F2X) business, which captures and monetizes flare gas onshore, can help advance the global energy transition to a lower carbon future whilst benefitting the communities we operate in.

Our 2023 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,” “can”, “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 28, 2024
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

• 2023 ESG Report

FAQ

What is Golar's 2023 ESG report about?

Golar's 2023 ESG report details the company's initiatives and strategies for advancing the global energy transition to a lower carbon future.

What are the key initiatives mentioned in Golar's ESG report?

Key initiatives include the flagship FLNG business and the small-scale Flare to Gas (F2X) initiative.

How does Golar's FLNG business contribute to the energy transition?

The FLNG business focuses on reducing carbon emissions through innovative liquefied natural gas solutions.

What is the purpose of Golar's Flare to Gas (F2X) initiative?

The F2X initiative aims to capture and monetize flare gas, thereby reducing environmental impact and generating economic benefits.

Where can I find Golar's 2023 ESG report?

The full ESG report is available on Golar's official website.