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Golar LNG ( (GLNG) ) just unveiled an update.
On January 27, 2025, Golar LNG Limited announced the sale of its shares in Avenir LNG Limited to Stolt-Nielsen Gas Ltd. for approximately USD 40 million. This strategic move aligns with Golar’s focus on expanding its market-leading FLNG operations. The company will maintain a 25% stake and provide debt to Higas Srl, an LNG storage terminal in Sardinia. Golar’s CEO, Karl-Fredrik Staubo, emphasized that the investment in Avenir LNG was no longer deemed a core asset following the sale of Hygo Energy Transition Ltd. in 2021.
More about Golar LNG
Golar LNG Limited operates in the liquefied natural gas (LNG) industry, focusing on floating liquefied natural gas (FLNG) solutions. The company has been involved in establishing and managing small-scale LNG shipping operations through entities like Avenir LNG Limited.
YTD Price Performance: -8.44%
Average Trading Volume: 1,306,373
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.2B
See more insights into GLNG stock on TipRanks’ Stock Analysis page.
