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Golar Lng Ltd
Golar LNG Limited is a public company that is involved in the ownership, operation, and acquisition of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs) used for importing LNG. The company's stock is listed and traded on the NASDAQ stock exchange in the United States, under the ticker symbol "GLNG."
Golar LNG was founded in 1946 and is headquartered in Hamilton, Bermuda. The company operates a fleet of 19 LNG carriers and two FSRUs, which it leases to customers under long-term charter contracts. Golar LNG also has an ownership interest in a floating liquefaction (FLNG) vessel, which is used to convert natural gas into LNG at the source of production.
Golar LNG's primary business is the transportation and regasification of LNG for its customers, which include energy companies, utilities, and governments. The company's customers are located in various regions around the world, including Europe, Asia, and South America.
Golar LNG's financial performance has fluctuated in recent years, reflecting the volatility of the LNG market. In 2020, the company reported a net loss of $86.5 million, compared to a net loss of $1.3 billion in 2019. As of December 31, 2020, Golar LNG had total assets of $4.6 billion and total liabilities of $3.8 billion.
Investors interested in Golar LNG's stock should be aware of the risks associated with the LNG market, including fluctuations in commodity prices, geopolitical risks, and changes in regulatory and environmental policies. As with any investment, it is important to conduct thorough research and seek the advice of a financial professional before making any investment decisions.