Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment
February 13 2025 - 8:29AM
Golar LNG Limited (“Golar”) announces today that it has executed
agreements to sell the 2003 built steam turbine LNG carrier, Golar
Arctic. The sale price for the vessel is USD 24 million before
transaction related expenses. The LNG carrier is unencumbered. The
transaction is expected to close, and the vessel is to be handed
over to its new owner, within Q1 2025. The Golar Arctic is the last
LNG carrier in the Golar fleet. Following the vessel sale, Golar
will have fully exited its legacy shipping business.
The LNG carrier Fuji LNG discharged its final cargo as an LNG
carrier in January 2025, and has now arrived in China preparing to
enter CIMC shipyard for conversion into a MKII FLNG later this
month.
Golar CEO Karl Fredrik Staubo commented: “The sale of the Golar
Arctic marks the conclusion of Golar’s planned exit from the LNG
shipping segment, 50 years after taking delivery of our first LNG
carrier in 1975. Over the last 50 years LNG shipping has been the
foundation for Golar’s pioneering maritime LNG infrastructure
advances, including FSRUs and FLNGs. Golar’s transition into a
focused FLNG infrastructure company is now complete. We look
forward to expanding our market leading FLNG position.”
FORWARD LOOKING STATEMENTSThis press
release contains forward-looking statements (as defined in Section
21E of the Securities Exchange Act of 1934, as amended) which
reflect management’s current expectations, estimates and
projections about its operations. All statements, other than
statements of historical facts, that address activities and events
that will, should, could or may occur in the future are
forward-looking statements. Words such as “may,” “could,” “should,”
“would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,”
“believe,” “estimate,” “predict,” “propose,” “potential,”
“continue,” “subject to” or the negative of these terms and similar
expressions are intended to identify such forward-looking
statements.
These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Golar LNG Limited undertakes no obligation
to update publicly any forward-looking statements whether as a
result of new information, future events or otherwise, unless
required by applicable law.
Hamilton, Bermuda February 13, 2025
Investor Questions: +44 207 063 7900Karl
Fredrik Staubo - CEOEduardo Maranhão - CFOStuart Buchanan - Head of
Investor Relations
This information is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act
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