Interim results for the period ended June 30, 2022
Golar LNG Limited reported a net income of $230 million and Adjusted EBITDA of $101 million for Q2 2022. The company sold the FSRU Golar Tundra for $350 million and agreed to sell the Golar Arctic to Italy's Snam Group for €269 million. Golar's share of contractual debt decreased from $1.7 billion to $1 billion. Notable gains from oil and gas derivatives amounted to $236.6 million. FLNG Hilli maintained 100% uptime, and the conversion of FLNG Gimi is 86% complete, with an expected $3 billion earnings backlog. Golar projects total annual debt service of $50 million for Hilli.
- Net income of $230 million reflects strong performance despite a 51% drop year-over-year.
- Adjusted EBITDA saw a remarkable increase of 155% compared to Q2 2021, totaling $101 million.
- Contractual debt reduced from $1.7 billion to $1 billion, improving financial stability.
- Successful sale of Golar Tundra released $193.1 million in cash and reduced debt by $155.5 million.
- 100% operational uptime maintained by FLNG Hilli for over 4 years.
- Conversion of FLNG Gimi is 86% complete, projected to unlock $3 billion earnings backlog.
- The sale of Golar Tundra included a realized gain of $123.3 million but had an overall negative impact on long-term asset value.
- Impairment charge of $76.2 million recognized for Golar Arctic due to a decline in fair value.
- Golar LNG Limited ("Golar" or "the Company") reports Net income of
$230.0 million and Adjusted EBITDA1 of$101.0 million for Q2 2022 ("Q2" or "the quarter"). - Sold the FSRU Golar Tundra for
$350.0 million and agreed to sell the steam turbine LNG carrier Golar Arctic as a converted FSRU to Italy's Snam Group ("Snam") for€269.0 million . - Completed the sale of remaining TFDE carriers, The Cool Pool Limited, and Golar's shipping and FSRU management organization to Cool Company Ltd. (“CoolCo”).
- Golar's share of Q2 Contractual Debt1 decreased from
$1.7 billion at Q1 2022 to$1.0 billion at Q2 2022. - Subsequent to the quarter end, FLNG Hilli customer elected to exercise optional capacity of 0.2 million tons per annum ("MTPA") of Dutch Title Transfer Facility (“TTF”) linked production volumes from 2023 to 2026.
- Entered into swap arrangements to hedge approximately
50% of Golar's exposure to TTF linked production for 2023 at a TTF price of$49.50 /MMBtu. - Advancing MKII newbuild activities scheduled for delivery in 2025.
- Target FLNG project announcement within 2022.
FLNG operations: FLNG Hilli maintained its 4+ year unbroken record of
FLNG Gimi construction: Conversion of FLNG Gimi for its 20-year contract with BP scheduled to commence in Q4 2023 is
FLNG business development: Multiple new client engagements during the quarter as well as strong development of the existing FLNG growth pipeline across both integrated and tolling based projects.
Yard availability and updated pricing for both MKI and MKII designs was confirmed during the quarter, and in discussion for MKIII. Indicative pricing suggests a capex per ton of liquefaction capacity of between
Golar is ramping up construction engineering work and planning to order long-lead items during H2 for a MKII design FLNG, with a liquefaction capacity of up to 3.5MTPA. A suitable conversion candidate vessel has been identified and inspected.
Based on progress across the FLNG growth portfolio the Company maintains its target for FLNG announcement within 2022.
FSRU: Italian energy infrastructure company Snam and Golar signed two contracts. The first contract will see Golar convert the last of its trading steam turbine LNG carriers, Golar Arctic, into a FSRU. After its conversion, ownership of the Golar Arctic will be transferred to Snam who will pay
The second contract saw Snam acquire the FSRU Golar Tundra for
Financial Summary
| (in thousands of $) | Q2 2022 | Q2 2021 | % Change | YTD 2022 | YTD 2021 | % Change |
| Net income attributable to Golar LNG Ltd | 230,032 | 471,434 | (51)% | 575,214 | 496,797 | |
| Total operating revenues | 67,227 | 65,303 | 140,165 | 131,105 | ||
| Adjusted EBITDA | 100,952 | 39,665 | 190,647 | 80,199 | ||
| Golar's share of contractual debt1 | 1,002,228 | 2,186,512 | (54)% | 1,002,228 | 2,186,512 | (54)% |
Q2 Highlights and recent events
Financial and corporate:
- Profitability: Net income attributable to Golar of
$230.0 million for the quarter, including:- A
$181.6 million unrealized gain (100% basis) on the Hilli Brent oil and TTF natural gas linked derivative instruments. - A
$55.0 million realized gain (100% basis) on the Hilli Brent oil and TTF natural gas linked derivative instruments. - A
$123.3 million realized gain on sale of the FSRU Golar Tundra. - A
$76.2 million impairment charge recognized in respect of the Golar Arctic. - A
$11.2 million realized loss on the 6.2 million New Fortress Energy Inc. ("NFE") shares sold on April 6, 2022. - A
$37.8 million unrealized mark-to-market loss recognized on Golar's 12.4 million NFE shares held as at June 30, 2022 based on a June 30, 2022 carrying value of$39.57 per share. - A
$16.3 million unrealized gain on interest rate swaps.
- A
- CoolCo transaction: Sale of the remaining 4 TFDE vessels, The Cool Pool Limited, and Golar's shipping and FSRU management organization released
$34.3 million of cash and cash equivalents and reduced Contractual Debt1 by$480.9 million . - Tundra transaction: Sale of the FSRU Golar Tundra released
$193.1 million of cash and cash equivalents and reduced Contractual Debt1 by$155.5 million . - Arctic transaction: Agreed to sell the LNG carrier Golar Arctic as a converted FSRU for
€269.0 million , triggering the recognition of a non-cash$76.2 million impairment charge. - Hedges: Entered into swap arrangements on August 9, 2022 to hedge approximately
50% of Golar's exposure to TTF linked production for 2023 at a TTF price of$49.50 /MMBtu. - Golar shares: Repurchased and then cancelled 200,000 Golar shares at a cost of
$4.5 million . 107.8 million shares issued and outstanding as of June 30, 2022. - ESG: Invested in Oslo-based Aqualung Carbon Capture in May 2022, a technology company working on a promising carbon capture and separation membrane system that could be used on future FLNG units.
Financing facilities:
- Credit Facility: Repaid the
$131.0 million Q1 2022 drawn balance of the$200.0 million 3-year corporate revolving credit facility. The facility remains available until 2024 and is currently undrawn. - Bilateral Corporate Facility: Agreed to expire the
$250 million undrawn bilateral corporate facility available until June 30, 2022 as year to date balance sheet initiatives allow for FLNG growth to be funded from existing cash balances and undrawn credit facilities. - Legacy UK tax lease case: Settled long running tax dispute in respect of UK tax lease transactions resulting in a
$66.4 million final cash settlement (including fees).
FLNG:
- Utilization: Industry leading operations maintained with
100% commercial uptime by FLNG Hilli. - TTF linked tariff volumes: Subsequent to the quarter end, FLNG Hilli customer elected to exercise 0.2 MTPA pursuant to its 2023+ capacity option which results in TTF linked production volumes from 2023 to July 2026 continuing at 2022 levels.
- Construction: FLNG Gimi conversion project
86% technically complete. 22-million man-hours worked with strong safety record maintained. Gimi owners agreed to pay Keppel Shipyard an incentive payment of an additional$50.0 million to safeguard 1H 2023 sail away. On schedule for Q4 2023 start-up.
Financial Review
Business Performance:
| 2022 | 2021 | ||
| Apr-Jun | Jan-Mar | Apr-Jun | |
| (in thousands of $) | Total | Total | Total |
| Net income | 286,538 | 410,014 | 507,337 |
| Income taxes | (190) | 374 | 92 |
| Net income before income taxes | 286,348 | 410,388 | 507,429 |
| Depreciation and amortization | 13,138 | 13,742 | 13,861 |
| Impairment of long-term assets | 76,155 | — | — |
| Unrealized gain on oil and gas derivative instruments | (181,548) | (168,059) | (70,590) |
| Realized and unrealized MTM loss/(gain) on our investment in listed equity securities | 49,001 | (344,049) | 84,801 |
| Other non-operating (income)/losses | (3,887) | (6,136) | 73,293 |
| Interest income | (921) | (33) | (27) |
| Interest expense | 5,279 | 6,156 | 8,110 |
| (Gains)/losses on derivative instruments | (16,341) | (31,536) | 6,869 |
| Other financial items, net | 4,215 | (608) | (737) |
| Net (income)/losses from equity method investments | (4,065) | 1,056 | (839) |
| Net (income)/loss from discontinued operations | (126,422) | 208,774 | (582,505) |
| Adjusted EBITDA (1) | 100,952 | 89,695 | 39,665 |
| 2022 | ||||||||
| Apr-Jun | Jan-Mar | |||||||
| (in thousands of $) | Shipping | FLNG | Corporate and other | Total | Shipping | FLNG | Corporate and other | Total |
| Total operating revenues | — | 60,527 | 6,700 | 67,227 | 3,235 | 62,894 | 6,809 | 72,938 |
| Vessel operating expenses | (1,685) | (14,972) | (1,439) | (18,096) | (2,134) | (14,181) | (1,789) | (18,104) |
| Voyage, charterhire & commission expenses | (569) | (150) | (25) | (744) | (540) | (150) | (25) | (715) |
| Administrative expenses | 71 | 13 | (10,003) | (9,919) | (2) | (42) | (10,100) | (10,144) |
| Project development (expenses)/income | — | (3,462) | 761 | (2,701) | — | (1,540) | 689 | (851) |
| Realized gains on oil derivative instrument (2) | — | 55,019 | — | 55,019 | — | 42,631 | — | 42,631 |
| Other operating income (3) | — | 10,166 | — | 10,166 | — | 3,940 | — | 3,940 |
| Adjusted EBITDA (1) | (2,183) | 107,141 | (4,006) | 100,952 | 559 | 93,552 | (4,416) | 89,695 |
(2) The line item “Realized and unrealized gain on oil and gas derivative instruments” in the Condensed Consolidated Statements of Operations relates to income from the Hilli Liquefaction Tolling Agreement (“LTA”) and the natural gas derivative which is split into: “Realized gain on oil and gas derivative instruments” and “Unrealized gain/(loss) on oil and gas derivative instruments”. The realized component comprised (i) Brent oil linked fees of
(3) Included in “Other operating income” is
| 2021 | ||||
| Apr-Jun | ||||
| (in thousands of $) | Shipping | FLNG | Corporate and other | Total |
| Total operating revenues | 2,849 | 55,737 | 6,717 | 65,303 |
| Vessel operating expenses | (1,696) | (13,745) | (2,682) | (18,123) |
| Voyage, charterhire & commission expenses | (50) | (150) | (25) | (225) |
| Administrative expenses | (14) | (185) | (9,332) | (9,531) |
| Project development expenses | — | (16) | (718) | (734) |
| Realized gains on oil derivative instrument | — | 2,975 | — | 2,975 |
| Adjusted EBITDA (1) | 1,089 | 44,616 | (6,040) | 39,665 |
Golar reports today Q2 net income attributable to Golar of
On May 17, 2022 Golar entered into agreements with Snam relating to the conversion and subsequent sale of the converted LNG carrier Golar Arctic. Although ownership of the converted FSRU is not expected to transfer for up to 3-years, the transaction triggered an immediate impairment test. As the carrying value of the vessel exceeds its fair value as a carrier as of June 30, 2022, an impairment charge of
The Brent oil linked component of FLNG Hilli's fees generates additional annual operating cash flows of approximately
The mark-to-market fair value of the Hilli Brent oil linked derivative asset decreased by
FLNG Hilli production over and above the quarter's pro-rata share of 1.4 million tons of full year 2022 contracted production resulted in the recognition of
The pricing of the 6.2 million NFE shares sold on April 6, 2022 was less than their carrying value and a
Balance Sheet and Liquidity:
As of June 30, 2022 Golar had
| Expected FLNG funding sources (in millions of $) | June 30, 2022 | August 10, 2022 |
| Total Golar Cash1,2 | 604 | 604 |
| Undrawn | 200 | 200 |
| Potential near-term funding sources | 804 | 804 |
| Listed Securities | ||
| NFE, Avenir LNG Limited, and CoolCo shares1,3 | 672 | 879 |
| Net of Corporate RCF secured by NFE investment | (200) | (200) |
| Forecast Total Golar Cash and Listed Securities1 (available for future FLNG growth) | 1,276 | 1,483 |
(2) Assumed unchanged from June 30, 2022
(3) Based on market value of NFE and book value of CoolCo and Avenir LNG Limited.
Inclusive of
Included within the
Corporate and Other Matters:
As at June 30, 2022, Golar had 107.8 million shares issued and outstanding. There were also 1.0 million outstanding stock options with an average price of
Non-GAAP measures
In addition to disclosing financial results in accordance with U.S. generally accepted accounting principles (US GAAP), this earnings release and the associated investor presentation contains references to the non-GAAP financial measures which are included in the table below. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance.
These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP. Non-GAAP measures are not uniformly defined by all companies, and may not be comparable with similarly titled measures and disclosures used by other companies. The reconciliations from these results should be carefully evaluated.
| Non-GAAP measure | Closest equivalent US GAAP measure | Adjustments to reconcile to primary financial statements prepared under US GAAP | Rationale for adjustments |
| Performance measures | |||
| Adjusted EBITDA | Net (loss)/income attributable to Golar LNG Limited | +/- Net financial expense +/- Other non-operating income/expenses +/- Income taxes +/- Equity in net (losses)/ earnings of affiliates - Net income attributable to non-controlling interests +/- Unrealized loss/(gain) on oil and gas derivative instruments + Depreciation and amortization + Impairment of long-term assets +/- Net income/(loss) from discontinued operations | Increases the comparability of total business performance from period to period and against the performance of other companies by excluding the results of our equity investments, removing the impact of unrealized movements on embedded derivatives, impairment, depreciation, financing costs, tax items and discontinued operations. |
| Hilli's Distributable Adjusted EBITDA | Net (loss)/income attributable to Golar LNG Limited | +/- Net financial expense +/- Other non-operating income/expenses +/- Income taxes +/- Equity in net (losses)/ earnings of affiliates - Net income attributable to non-controlling interests +/- Unrealized loss/(gain) on oil and gas derivative instruments + Depreciation and amortization + Impairment of long-term assets +/- Net income/(loss) from discontinued operations - Amortization of deferred commissioning period revenue, Amortization of Day 1 gain - Accrued overproduction revenue + Overproduction revenue received | Increases the comparability of our operational FLNG, Hilli from period to period and against the performance of other companies by removing the non distributable income of Hilli, project developmental costs and the Gandria and Gimi operating costs. |
| Liquidity measures | |||
| Contractual debt | Total debt (current and non-current), net of deferred finance charges | +/- Debt within liabilities held for sale +/- VIE consolidation adjustments +/- Deferred finance charges +/- Deferred finance charges within liabilities held for sale | We consolidate a number of lessor VIEs for our sale and leaseback facilities. This means that on consolidation, our contractual debt is eliminated and replaced with the lessor VIEs’ debt. Contractual debt represents our debt obligations under our various financing arrangements before consolidating the lessor VIEs. The measure enables investors and users of our financial statements to assess our liquidity and the split of our debt (current and non-current) based on our underlying contractual obligations. Furthermore, it aids comparability with competitors. |
| Total Golar Cash | Golar cash based on GAAP measures: + Cash and cash equivalents + Restricted cash and short-term deposits (current and non-current) | -VIE restricted cash and short-term deposits | We consolidate a lessor VIE for our sale and leaseback facility. This means that on consolidation, we include restricted cash held by the lessor VIE. Total Golar Cash represents our cash and cash equivalents and restricted cash and short-term deposits (current and non-current) before consolidating the lessor VIE. Management believe that this measure enables investors and users of our financial statements to assess our liquidity and aids comparability with our competitors. |
| Total Golar Cash and Listed Securities | Golar cash based on GAAP measures: + Cash and cash equivalents + Restricted cash and short-term deposits (current and non-current) + Other current assets + Equity method investments | - VIE restricted cash balance - Trade receivables - Inventories - Gas derivative instrument - TTF swap collateral - Prepaid expenses - MTM commodity swap valuation - Investment in ECGS | We consider our investments in listed equity securities and our equity method investment in CoolCo to be available for us to liquidate at short notice and therefore we consider available for funding our capital intensive growth projects. Management believes that this measure enables investors and users of our financial statements to assess our liquidity position to fund existing and future FLNG projects. |
Definitions:
TFDE: Tri-fuel Diesel Electric engine
FSRU: Floating Storage Regasification Unit
FLNG: Floating Liquefaction Natural Gas
Reconciliations - Liquidity Measures
Contractual Debt
| (in thousands of $) | June 30, 2022 | March 31, 2022 | June 30, 2021 |
| Total debt (current and non-current) net of deferred finance charges | 1,382,277 | 1,488,336 | 1,553,775 |
| Total debt within liabilities held for sale net of deferred finance charges | — | 472,558 | 825,806 |
| VIE consolidation adjustments | 132,790 | 285,107 | 316,894 |
| Deferred finance charges | 24,444 | 26,942 | 24,162 |
| Deferred finance charges within liabilities held for sale | — | 2,236 | 2,255 |
| Total Contractual Debt | 1,539,511 | 2,275,179 | 2,722,892 |
| Less: Golar Partners', Keppel's and B&V's share of the Hilli contractual debt | (376,783) | (385,932) | (413,380) |
| Less: Keppel's share of the Gimi debt | (160,500) | (145,500) | (123,000) |
| GLNG's Contractual Debt | 1,002,228 | 1,743,747 | 2,186,512 |
Please see Appendix A for a capital repayment profile for Golar’s contractual debt.
Total Golar Cash
| (in thousands of $) | June 30, 2022 | March 31, 2022 | June 30, 2021 |
| Cash and cash equivalents | 528,798 | 207,035 | 174,438 |
| Restricted cash and short-term deposits (current and non-current) | 91,466 | 135,870 | 93,195 |
| Less: VIE restricted cash | (16,735) | (16,313) | (16,504) |
| Total Golar Cash | 603,529 | 326,592 | 251,129 |
Total Golar Cash and Listed Securities
| (in thousands of $) | June 30, 2022 |
| Cash and cash equivalents | 528,798 |
| Restricted cash and short-term deposits (current and non-current) | 91,466 |
| Other current assets | 569,013 |
| Equity method investments | 184,693 |
| Less: VIE restricted cash | (16,735) |
| Less: Trade receivables | (54,380) |
| Less: Inventories | (2,230) |
| Less: Gas derivative instrument | — |
| Less: TTF swap collateral | (13,520) |
| Less: Prepaid expenses | (4,278) |
| Less: Other receivables | (2,851) |
| Less: Investment in ECGS | (4,455) |
| Total Golar Cash and Listed Securities(1) | 1,275,521 |
(1) Total Golar Cash and Listed Securities is based on net book value of our equity method investments and the listed securities as of the period end date.
Non-US GAAP Measures Used in Forecasting
Earnings Backlog: Earnings backlog represents the share of contracted fee income for executed contracts less forecasted operating expenses for these contracts. In calculating forecasted operating expenditure, management has assumed that where there is an Operating Services Agreement the amount receivable under the services agreement will cover the associated operating costs, therefore revenue from operating services agreements is excluded.
Forward Looking Statements
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. 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 “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “could,” “would,” “predict,” “propose,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are:
- our inability and that of our counterparty to meet our respective obligations under the Lease and Operate Agreement entered into in connection with the BP Greater Tortue / Ahmeyim Project (“Gimi GTA Project”);
- continuing uncertainty resulting from potential future claims from our counterparties of purported force majeure under contractual arrangements, including but not limited to our construction projects (including the Gimi GTA Project) and other contracts to which we are a party;
- continuing volatility of commodity prices;
- claims made or losses incurred in connection with our continuing obligations with regard to Hygo Energy Transition Ltd (“Hygo”), Golar LNG Partners LP (“Golar Partners”), Cool Co Ltd. (“CoolCo”) and Snam S.p.A. ("Snam");
- the ability of Hygo, Golar Partners and New Fortress Energy Inc. (“NFE”) and CoolCo to meet their respective obligations to us, including indemnification obligations;
- a decline or continuing volatility in the global financial markets, specifically with respect to our equity holding in NFE;
- failure of shipyards to comply with delivery schedules or performance specifications on a timely basis or at all;
- changes to rules and regulations applicable to liquefied natural gas (“LNG”) carriers, floating storage and regasification units (“FSRUs”), floating liquefaction natural gas vessels (“FLNGs”) or other parts of the LNG supply chain;
- changes in our ability to retrofit vessels as FSRUs or FLNGs and in our ability to obtain financing for such conversions on acceptable terms or at all;
- changes in our ability to obtain additional financing on acceptable terms or at all;
- increases in costs, including, among other things, wages, insurance, provisions, repairs and maintenance;
- the length and severity of outbreaks of pandemics, including the worldwide outbreak of the novel coronavirus (“COVID-19”) and its impact on demand for LNG and natural gas, the timing of completion of our conversion projects, the operations of our charterers, our global operations and our business in general;
- failure of our contract counterparties to comply with their agreements with us or other key project stakeholders;
- changes in FLNG charter rates/terms, vessel values or technological advancements;
- our ability to close potential future sales of additional equity interests in our vessels, including the FLNG Hilli and FLNG Gimi or to monetize our remaining interest in NFE on a timely basis or at all;
- our ability to contract the full utilization of the FLNG Hilli or other vessels;
- our ability to realize the expected benefits from investments we have made and may make in the future;
- changes in the supply of or demand for LNG or LNG carried by sea and for LNG carriers, FSRUs or FLNGs;
- a material decline or prolonged weakness in rates for FLNGs;
- changes in trading patterns that affect the opportunities for the profitable operation of LNG carriers, FSRUs or FLNGs;
- changes in the supply of or demand for natural gas generally or in particular regions;
- changes in our relationships with our counterparties, including our major chartering parties;
- changes in our relationship with our affiliates;
- changes in general domestic and international political conditions, particularly where we operate;
- global economic trends, competition and geopolitical risks, including impacts from the ongoing conflict in Ukraine and the related sanctions and other measures, including the related impacts on the supply chain for our conversions;
- changes in the availability of vessels to purchase and in the time it takes to build new vessels;
- our inability to expand beyond the provision of FLNGs and FSRUs, particularly through our innovative FLNG strategy;
- actions taken by regulatory authorities that may prohibit the access of LNG carriers, FSRUs and FLNGs to various ports; and
- other factors listed from time to time in registration statements, reports, or other materials that we have filed with or furnished to the Securities and Exchange Commission, or the Commission, including our most recent annual report on Form 20-F.
As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.
Responsibility Statement
We confirm that, to the best of our knowledge, the interim consolidated financial statements for the first half year of 2022, which have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) give a true and fair view of the Company’s consolidated assets, liabilities, financial position and results of operations. To the best of our knowledge, the interim report for the first half year of 2022 includes a fair review of important events that have occurred during the period and their impact on the interim consolidated financial statements, the principal risks and uncertainties for the remaining half of 2022, and major related party transactions.
August 11, 2022
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda
Investor Questions: +44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations
Tor Olav Trøim (Chairman of the Board)
Dan Rabun (Director)
Thorleif Egeli (Director)
Carl Steen (Director)
Niels Stolt-Nielsen (Director)
Lori Wheeler Naess (Director)
Georgina Sousa (Director)
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Attachment
FAQ
What was Golar LNG's net income for Q2 2022?
How much did Golar LNG sell the FSRU Golar Tundra for?
What is Golar LNG's current contractual debt?
What is the expected earnings backlog from FLNG Gimi?
What was the Adjusted EBITDA for Golar LNG in Q2 2022?
