Norway’s, Bermuda based Golar LNG Limited is evaluating alternatives for a separation of their shipping segment. This is based on the current positive market outlook for LNG carriers. It would allow investors exposure to a pure-play LNG shipping company.
Norway’s Golar LNG Limited reported first quarter earnings Tuesday.with higher revenue than expected. $GLNG sees higher fleet utilization ahead as LNG production increases. The company is proceeding with the TFDE LNG Carrier Spinoff.
Norway’s Golar LNG Limited $GLNG reported better than expected third quarter earnings Monday. Fleet utilization increased from 62% in 2Q to 86% in the quarter as LNG production increased.
Norway’s Golar LNG Limited $GLNG confirmed first production of LNG has successfully commenced from Hilli Episeyo offshore Cameroon and that the Golar Gandria has been removed from layup and is now at Keppel Shipyard in Singapore.