Optimising liquid assets Golar LNG is the leading independent owner and operator of LNG carriers and is at the forefront of the world’s Liquefied Natural Gas shipping industry. Today the company provides liquefaction, transport and storage for premier global energy companies such as Shell, Petrobas, Fortress Energy and Pertomina, as well as for many leading LNG trading houses. Philip Yorke reports.
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olar LNG was founded in 2001 when it was acquired from its predecessor, Osprey Maritime. Today the company is a global leader in the acquisition, ownership, operation and chartering of LNG carriers and FSRUs (floating storage and regasification units) through its many international 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 an integral part of the Golar LNG fleet today.
Powerful growth strategy In keeping with its ambitious plans for the future, Golar LNG Limited has entered into new agreements for the conversion of the 126,000m3 LNG carrier Gandria to a floating liquefaction facility. 100 Industry Europe
In keeping with the FLNG Hilli and Gimi conversions, the primary contract was entered into with Singapore’s Keppel Shipyard Ltd. As with previous projects, Black and Veatch Ltd will provide its licensed PRICO® technology, perform detailed engineering and process design, in addition to specifying and procuring topside equipment and commissioning support. The decision to proceed with the company’s third major vessel conversion project was taken following a thorough review of the growing portfolio of business development opportunities for Go-FLNG. This has shown potential demand from several global customers for the delivery of floating liquefaction facilities in the near future. In the current low oil and gas price environment the use of the Go-FLNG concept to develop stranded and associated gas on a fast-track basis has gained momentum. This offers a cost-effective
