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Golar LNG Ltd. releases interim results

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LNG Industry,


Golar LNG Ltd. has reported its interim results for the period ended 31 March 2018.

Highlights:

  • Golar LNG Ltd. reported operating income and EBITDA1 in the quarter of US$6.4 million and US$22.8 million, respectively, compared to 4Q 2017 operating income and EBITDA1 of US$2.8 million and US$19.4 million, respectively.
  • FLNG Hilli Episeyo commenced LNG production.

Subsequent Events:

  • CELSE, Golar Power's affiliate, closed a US$1.34 billion financing facility for the Sergipe project.
  • FLNG Hilli Episeyo delivered its first two LNG cargoes, progressed commissioning and commenced acceptance testing with customers Perenco and SNH.
  • Entered into a preliminary agreement and exchanged Heads of Terms with BP for Tortue project FLNG vessel.
  • Fortuna FLNG project facing significant delay due to lack of acceptable financing solution.
  • Golar and Schlumberger plan to wind down OneLNG.
  • Significant year-on-year strengthening of LNG prices.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01062018/golar-lng-ltd-releases-interim-results/

 

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