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Golar LNG Limited reports Q4 2016 results

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LNG Industry,

Reuters are reporting that Golar LNG Limited has released its preliminary Q4 and 2016 financial year results.

Golar LNG Ltd says results of its shipping business are expected to show some improvement in Q1 2017 relative to Q4 2016.

Golar LNG Ltd has reports a Q4 2016 operating loss of US$32.7 million as compared to a Q3 loss of US$28.3 million.

Q4 total operating revenues stand at US$23.1 million versus US$22.3 million in Q3.

Utilisation and voyage expenses during Q4 remained relatively stable at 39% and US$12.6 million respectively.

Golar LNG Ltd’s unrestricted cash position as of 31 December 2016 was US$224.2 million.

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