NEW HORIZONS FOR LNG Golar LNG is at the forefront of the world’s liquefied natural gas shipping industry and developed the world’s first floating storage and regasification unit. Philip Yorke takes a closer look at a privately owned company that continues to optimise its potential in a fast growing marketplace.
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olar LNG was founded in 2001 from its predecessor, Osprey Maritime. Today the company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and FSRUs (Floating storage and regasification units) through its many subsidiaries. Golar’s business was originally founded in 1946 as Gotaas-Laarsen Shipping Corporation. This company entered the LNG shipping business in 1970 when it ordered the LNG carrier ‘Hilli’, which is still a part of the Golar LNG fleet today. 108 Industry Europe
Innovative solutions Golar LNG is actively pursuing new Floating Liquifaction Natural Gas (FLNG) projects, which fit in with its financial objectives and best capture its unrivalled technical capabilities. The company’s strategy focuses on the development of low capital cost, rapid deployment of floating facilities utilising the conversion of high quality existing LNG carriers, floating technologies for the liquefaction of pipeline quality gas, or associated gas, that requires minimal processing and other innova-
