Golar LNG Limited is a pure-play floating liquefaction infrastructure company operating primarily in the midstream LNG sector. The company's core business model centers on the design, conversion, ownership, and operation of Floating Liquefied Natural Gas (FLNG) vessels. These vessels, such as the FLNG Hilli and FLNG Gimi, provide a flexible and cost-effective alternative to traditional onshore LNG facilities, allowing upstream producers to monetize stranded or remote natural gas reserves. Golar generates highly predictable revenue through long-term, take-or-pay tolling agreements with blue-chip energy companies like BP and Perenco, which insulates the company from direct commodity price volatility. Historically, Golar LNG operated a diverse fleet including LNG carriers and Floating Storage and Regasification Units (FSRUs). However, under a strategic streamlining initiative, the company has divested its shipping and downstream assets to focus exclusively on its proprietary FLNG technology, which serves as a significant competitive moat. The company operates globally, with key projects located offshore in regions such as West Africa (Cameroon, Mauritania, and Senegal) and South America (Argentina). By providing critical midstream infrastructure that connects natural gas suppliers with global downstream markets, Golar LNG plays a vital role in the international energy supply chain.
