Golar LNG (GLNG) developments

Investment Analysis Clubs Hohum's RollerCoaster Ride
1

Two events this week

  1. On 06/23/25, Golar LNG (GLNG) announced that FLNG Gimi, the company’s second FLNG vessel had reached its Commercial Operations Date (COD),. This starts the clock on a 20-year contract that generates $3B in adjusted EBITDA backlog to Golar LNG (company’s 70% stake)

https://seekingalpha.com/pr/20143762-flng-gimi-reaches-commercial-operations-date-and-golar-progresses-flng-growth#hasComeFromMpArticle=false

  1. On 06/25/25, GLNG announced a Notes offering of $500M due in 2030
    Press releases – Golar LNG

While this is a debt ramp up, I think it provides the company with additional flexibility for debt maturities and other purposes. Including the current quarter, the next five quarters should be a productive, revenue generating period, as GLNG will have two operational FLNG assets.

FLNG Hilli will subsequently go offline in preparation for its next contract in Argentina.

3 Likes