Golar LNG reports earnings rise while forecasting high performance from niche FLNG production fleet
Golar LNG, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, increased revenues as well as net profits due to one-items while forecasting future high revenues from floating liquefaction and FLNG terminal projects as it also spun off eight modern carriers to a joint venture.
Golar LNG hedges part of its Dutch TTF-priced cargoes from extra output of FLNG hull off Cameroon
Golar LNG said it entered into swap arrangements to hedge part of its Dutch Title Transfer Facility (TTF) price exposure for the incremental 200,000 tonnes per annum from Train 3 production on the “FLNG Hilli Episeyo” from the first quarter of 2022 at a price of $28 per million British thermal units.
Golar LNG Ltd reports profit after hectic first quarter and issues positive outlook for fleet of 25 ships
Golar LNG Ltd, which still has 25 owned or operated vessels in its fleet, reported a profit in a hectic first quarter that saw the departure of its Chief Executive Iain Ross, the sale of US unit Golar LNG Partners to New Fortress Energy, along with Golar’s half share in the Hygo Energy Transition business in Brazil.
Golar LNG Partners forecasts growing underlying demand will support rise in US-Asia cargo trading
Golar LNG Partners, the owner of 10 vessels, said that growing underlying demand and limited new nameplate production additions through to 2023 will result in LNG prices that help the fuel’s competitiveness and support a more sustained increase in US-Asia trade and ton-mile demand for shipping.
Golar LNG Partners starts up FSRU for Jamaica as it posts a loss amid plunge in charter rates
Golar LNG Partners, the US affiliate of the Bermuda-based fleet owner, swung to a first-quarter loss as it commissioned the “Golar Freeze” offshore Jamaica to serve as an import facility amid a drop of day-rate prices because of high volumes and low season demand.
Carrier ‘Galicia Spirit’ delivering Cameroon FLNG cargo to new Chinese Qidong terminal
The 140,620 cubic metres capacity carrier “Galicia Spirit” will deliver a cargo on June 14 to the new Chinese Qidong import terminal owned by Guanghui Energy from the floating LNG hull “Hilli Episeyo” that began production in mid-March off the port of Kribi in Cameroon.
Golar LNG says production started on FLNG hull deployed offshore African state of Cameroon
Golar LNG, the fleet owner and project developer said first production of LNG has successfully commenced from the production vessel “FLNG Hilli Episeyo” offshore the West African state of Cameroon.
LNG shipping remains robust with top carriers fetching $65,000 per day entering March
The global LNG shipping market continued to tighten as a result of demand increasing by around 11 percent, led by China, South Korea and India in contrast to the supply of new vessels that increased by just 5 percent.
Keppel of Singapore and Shell complete first truck-to-ship bunkering for FLNG vessel
Keppel Corp of Singapore and Royal Dutch Shell have completed the first liquefied natural gas truck-to-ship bunkering for a liquefaction and production vessel built at the Keppel shipyard for service offshore the West African nation of Cameroon.
