INTERIM RESULTS FOR THE PERIOD ENDED MARCH 31, 2013
(Thomson Reuters ONE) -
Highlights
* On the basis that the results of Golar LNG Partners L.P ("Golar Partners" or
the "Partnership") are no longer consolidated, Golar LNG ("Golar" or the
"Company") reports first quarter 2013 operating income of $75.9 million
(including a $65.2 million gain on sale of the Maria) and net income of
$85.6 million.
* Golar Partners completes its third follow-on equity offering raising net
proceeds of $130 million.
* Golar sells its interests in the company that owns and operates the LNG
carrier Golar Maria to Golar Partners for $215 million.
* Golar Spirit completes its first post FSRU retrofit drydock.
* Golar chosen as preferred bidder for Jordan FSRU. Time Charter Party
discussions progressing well.
* Board declares increased dividend of $0.45 for the quarter.
Subsequent events
· Golar agrees terms for participation in the Douglas Channel LNG
project with a view to reaching Final Investment Decision (FID) in Q3 2013 and
on stream date of late 2015 or early 2016.
· Funding facility for a number of newbuild vessels continues to
progress well.
· Winter drydocking and modification work commenced.
· Hilli and Gandria enter layup in Indonesia.
Deconsolidation of Golar Partners
As disclosed in the Company's Annual Financial Statements for the fiscal year
ended December 31, 2012 on Form 20F, the Company is now required to present its
financial results without consolidating the results of Golar Partners. As such,
the unaudited financial reports contained within this press release reflect this
requirement.
Effective from December 13, 2012, the operating income of the Company excludes
the operating results of Golar Partners. Accordingly, the sale of vessels to
the Partnership will be recorded at fair value and not as a transfer of equity
interests between entities under common control and a gain or loss on sale will
be recognized within operating income. Golar has recorded an accounting gain on
sale of $65.2m(1) in respect of the Maria transaction during the first quarter
of 2013 ("first quarter").
____________________________
(1) The net gain of $65.2 million excludes $17.1 million of deferred profit
which will be amortized over the remaining useful economic life of the Golar
Maria.
The Company's share of the Partnership's results are now split and recorded
below operating income based on the class of shares held. Dividends pertaining
to its common unit holding in the Partnership, General Partner stake and
Incentive Distribution Rights (IDRs) will be treated and reported as dividend
income. Equity in Net Earnings of Affiliates will include Golar's share of the
Partnership's results in respect of the Company's subordinated units only.
Against these earnings will be a charge in relation to amortization of a share
of the fair value gain recognized upon deconsolidation.
It is important to note that despite the change in presentation, the basis of
the cash flows from the Partnership to Golar remain unchanged. In May 2013
Golar received cash distributions of $16 million from the Partnership in respect
of the first quarter. In respect of the fourth quarter 2012, Golar received $15
million from the Partnership.
Net revenue (Total revenues less Voyage and commission expenses) of $33.4
million for the first quarter is generated by the Golar Viking, Golar Arctic,
the Gimi and pre-dropdown earnings of the Golar Maria offset by bunker costs
incurred by the idle Hilli and Gandria. Operating costs of $9.6 million relate
to the same vessels above together with the newbuild crew costs. Administrative
costs at $4.3 million are equally split between project related costs and
underlying office and staff support costs.
Golar reports net financial income of $1 million earned predominantly on the
deposit of cash balances earmarked to meet the Company's newbuild pre-delivery
instalment obligations. Deemed interest in relation to the newbuilding program
is capped by the interest payable on Golar's secured debt facilities and
corporate borrowings. Interest expense is therefore nil. Other financial items
at $2.8 million relate primarily to movements in interest rate swaps taken out
in connection with the newbuilding program.
To assist investors with prior quarter comparisons and assessments of underlying
operating performance of the Golar Group, the Company is also presenting in a
table below, some operating performance metrics including the impact of Golar
Partners on a consolidated basis. The majority of the following operational
narratives will comment on this basis.
+------------------------------------------------------------------------------+
| |
| |
| (Including Consolidation of Golar |
| Partners) |
| |
| Jan - Mar Oct - Dec |
| |
| (in thousands of $) 2013( (1)) 2012 ((2)) |
| |
| (unaudited) (unaudited) |
| |
| Total revenues 108,874 111,838 |
| |
| Vessel operating expenses 21,557 23,777 |
| |
| Voyage and commission expenses 3,414 4,325 |
| |
| Administrative expenses 5,569 6,828 |
| |
| Depreciation and amortization 23,144 23,553 |
| |
| Operating income 55,190 53,355 |
| |
| Interest income 1,247 606 |
| |
| Interest expense (10,381 ) (10,534 ) |
| |
| Other financial items (1,928 ) (3,440 ) |
| |
| |
+------------------------------------------------------------------------------+
1. Please see Appendix A for reconciliation to the results as reported in the
condensed statements of income.
2. No reconciliation has been included for the fourth quarter of 2012, as
except for the gain on loss of control of $854.0 million, the impact of the
deconsolidation of Golar Partners is not material to the operating results
or the individual line items as the deconsolidation date was effective only
from December 13, 2012.
Financial Review
Net revenue for the first quarter of 2013 is lower at $105.5 million against
$107.5 million for the fourth quarter 2012 ("fourth quarter"). This primarily
reflects offhire for the Golar Spirit which continued its scheduled drydocking
until February 26, 2013. Mitigating this, the Golar Maria, which spent much of
the fourth quarter idling on commercial waiting time, was on hire throughout the
first quarter. Collectively this resulted in an improved first quarter Time
Charter Equivalent ("TCE") of $94,748 per day compared to $91,479 for the fourth
quarter.
First quarter operating costs of $21.6 million, which include $1.4 million in
respect of costs attributable to the required build up of crewing resources in
advance of newbuild deliveries, are lower than the previous quarters costs at
$23.8 million which included $3.2 million for this same category of costs. The
Company expects that a further $4.5 million will be incurred during the year to
build up newbuilding crewing resources. Underlying operating costs for the first
quarter at $20.1 million are also lower than the prior quarter at $20.6
million. Administration expenses at $5.6 million were lower than the $6.8
million incurred in the fourth quarter.
Net financial expenses at $9.1 million are lower due to a higher deemed earned
interest credit this quarter offset by a full quarter's interest incurred on the
NR Satu loan and Golar Partners' high yield bond. Other financial items at $1.9
million mainly consist of non-cash interest rate swap and foreign currency
retranslation movements.
Financing
Golar Partners third follow-on equity offering
Golar Partners closed its third post IPO public offering of 3,900,000 common
units on February 5, 2013 at a price of $29.74 per common unit. Golar GP LLC,
the Partnership's general partner, maintained its 2% general partner interest
and Golar subscribed to 416,947 common units in a concurrent private placement,
also at a price of $29.74 per unit. The net proceeds to the Partnership from
this offering were approximately $130 million. Following the closing, the
Company owns 12,238,096 common units and 15,949,831 subordinated units
representing a 48.9% limited partner interest in the Partnership. By virtue of
its ownership of the General Partner which owns 1,153,326 units, the Company's
total ownership interest in the Partnership now stands at 50.9%.
Golar Maria
On February 7, 2013, the Company completed its sale of interests in the company
which owns and operates the LNG carrier Golar Maria to Golar Partners for $215
million. Golar Partners financed the purchase of the Golar Maria by assuming
bank debt of $89.5 million and the remainder from the net proceeds of its
February 2013 equity offerings.
Subsequent to the Golar Maria dropdown, Golar Partners declared an increase in
its quarterly distribution to $0.515 per unit. This represents an annualised
distribution of $2.06 per unit. More significantly, the Company's share of the
distribution from Golar Partners has increased disproportionately by virtue of
its ownership of all of the Incentive Distribution Rights. The Company receives
25% of distributed cashflow when distributions per unit are between $1.9252 and
$2.31 in addition to its distributions received per common and subordinated
units held. When distributions per unit increase above $2.31 this incentive
distribution will increase to 50% of incremental distributed cashflow.
Corporate and other matters
Douglas Channel Project
In May 2013, the Company entered into firm framework agreements to establish a
partnership that will take the Douglas Channel LNG Project (the "Project")
forward through the development and execution phase. The other partners in the
Project include the Haisla First Nation of Kitimaat Village British Columbia,
Canada, LNG Partners, LLC of Houston Texas and a large energy company
(collectively the "DC Project Partners.")
Through such framework agreement Golar has secured a minimum 25% stake in the
Project and the partners have now made a firm commitment to fund activities up
to and including the FID, which is anticipated to be made in the third quarter
of 2013. Project FID remains subject to obtaining the remaining required
permits, execution of certain project agreements and EPC contracts for the key
components of the planned infrastructure. The Project will consist of a 0.6-0.7
million metric tonne per annum (mmpta) capacity liquefaction barge and
associated facilities. The Project's existing National Energy Board licence
allows it to export up to 1.8 mmtpa for a period of 20 years. The total capital
expenditures for the Project (including development costs) are estimated to be
$500 million.
Golar's contribution of 25% of the Projects current funding requirements,
subject to positive FID, provide Golar with a firm option to invest a minimum
of 25% of Project capital and right to a proportional share of the LNG off-take.
The DC Project Partners have also agreed to investigate a future liquefaction
train in the Douglas Channel in connection with the successful expansion of the
Pacific Natural Gas Pipeline. The Company has an option to take a minimum of
25% stake in the future liquefaction train developed by the DC LNG Project.
Golar will have the opportunity to provide shipping to the Project and believes
this will lead to other shipping opportunities in the region.
Dividends
Further to guidance provided in the preliminary fourth quarter and financial
year 2012 results, the Board has proposed that the cash dividend be increased by
$0.025 to a total of $0.45 reflecting the Board's confidence in the long term
fundamentals of the Company and its ability to fund its near term cash
requirements despite recent and anticipated near term volatility in shipping
rates. The record date for the dividend will be June 13, ex-dividend date is
June 11 and the dividend will be paid on or about June 27, 2013.
Chile FSRU
As previously announced, Golar has been asked by Gas Atacama Mejillones
Seaport's ("Gas Atacama") to extend the validity of the contract to provide them
with an FSRU. The existing contract was subject to Gas Atacama achieving a
threshold of new power sales agreements by December 31, 2012. Golar continues in
discussions with Gas Atacama in order to reach agreement on an extension and
remains the exclusive FSRU provider, however the project is now subject to
indefinite delay.
Hilli and Gandria enter layup
Late delivery of the Angola liquefaction project, an unusually large number of
force majeures and issues in Nigeria, Yemen, Mexico and Norway together with
larger than expected declines in exports out of Egypt and Indonesia collectively
freed up a number of vessels for spot and short term charters. This removed
some of the anticipated market tightness and therefore opportunities to charter
the older, smaller and less fuel efficient Hilli and Gandria. The opportunity
to redeploy their crew on the soon to deliver newbuilds together with
substantial operating cost savings made layup the most attractive option. Both
vessels entered layup during the second quarter and will be maintained in good
order pending deployment opportunities for conversion to liquefaction, storage,
and/or regasification units.
Drydockings
Second quarter earnings, on a consolidated Golar Partners basis, will be
impacted by the scheduled drydockings of the Golar Winter and the Methane
Princess. The duration of each docking will be substantially shorter than that
of the Spirit with the impact on revenue expected to be neutral relative to the
first quarter. Having also completed the Mazo docking during the quarter (no
revenue impact), the Golar Arctic represents the last scheduled docking
candidate for the year.
Shares and options
During the quarter no options were exercised. The total number of remaining
options remains 580,417. As at March 31, 2013 the total number of shares
outstanding in Golar excluding options is 80,503,364.
Floating Liquefaction ("FLNG")
Golar's FEED study with Keppel Shipyard and its liquefaction topside partners
continues to make progress and is expected to be completed by the end of July
2013. With the completion of the Golar FEED study for a Floating Liquefaction
Vessel, Golar will be able to offer both ship and barge based floating
liquefaction solutions to a wide variety of potential markets.
In addition to the Douglas Channel Project, Golar is in discussions with other
developers in the Americas for projects that can access pipeline quality natural
gas. Golar is also in early stage discussions with producers in West Africa for
clean and relatively dry stranded gas reserves in the range of 0.5 TCF to 2.5
TCF. The economics of these projects are very attractive but have multiple
execution hurdles to overcome in order to progress the projects to commercial
operations.
The Board continues to be optimistic about the liquefaction business and wants
Golar to develop a portfolio of projects using both pipeline quality gas and
stranded gas reserves. To support the development of this portfolio Golar
remains committed to the creation of a new subsidiary focused on the
liquefaction business and securing LNG supply to compliment its existing LNG
Carrier and FSRU business in the second half of 2013.
Shipping
The year started strongly for the LNG shipping market. Asian buyers competed
against those in South America, particularly Petrobras, for Atlantic basin
sourced spot cargoes. Cargoes moving between basins increased demand for
shipping and several spot fixtures were seen during January and early February
in the $110-130,000/day range. A lack of available Atlantic basin cargoes caused
by production problems combined with an easing of demand in both the Far East
and South America in the latter part of the quarter put downward pressure on
charter rates. Fixtures for modern vessels were reported at levels either side
of the $100,000/day mark.
The majority of the spot fixtures seen during the first quarter were subcharters
rather than charters from independent owners. Liquefaction projects with
shipping length such as Yemen, Angola and Tangguh did a large part of the out
chartering.
Charters from independent owners were generally for the 1(st) and 2(nd)
generation vessels with rates at a heavy discount to modern tonnage. For shorter
charters some vessels benefitted from being in the right place at the right time
with cold tanks. For longer fixtures up to 9 months, charter rate seems to have
been the main driver.
As of 31(st) March 2013 the fleet consisted of 365 vessels over 15,000 cbm
(including FSRUs and trading FSRUs). The order book stood at 107 vessels over
15,000 cbm including 8 FSRUs, 34 of which were ordered in 2012 and 11 in 2013.
Around 56% of the conventional vessels have secured employment from delivery,
37 vessels remained unfixed of which Golar controls 11.
During April 2013, the lack of available cargoes continued to keep the market
subdued in the Atlantic. Somewhat increased spot shipping demand was seen in the
Pacific in the same period. At the end of April, Atlantic supply started to
increase and spot shipping demand and rates have increased during May as a
result. Medium term shipping demand has also started to emerge during the second
quarter with enquiries coming from several large players for periods between 1
and 10 years. Although more interest in shipping is facilitating some upward
sentiment, there is a chance that much of the demand - particularly from trading
outfits - is linked to the same tenders, hence it may soften once awards have
been made.
LNG Market
During January and early February 2013 a continued lack of hydro power
generation in Brazil meant that Petrobras had significantly increased demand for
additional LNG cargoes. The main competition for these cargoes came from buyers
in Japan and Korea, each with nuclear outages, looking to secure late winter
volumes. As a result some Far East spot price indicators were driven above
$20/MMBtu by mid-February from the low-$17s at the turn of the year.
Demand began to ease from the second half of February 2013 as the Brazilian
reservoir levels increased and Asian buyers passed peak winter requirements.
Some demand remained in other parts of Latin America with successive tenders in
Argentina and Mexico sending a steady flow of cargoes into those markets. Weaker
demand meant that Far East prices declined rapidly during March 2013 to stand at
around $15.30/MMBtu by the end of the quarter for deliveries in the second
quarter of 2013.
Atlantic supply was also very restricted during the latter part of the first
quarter of 2013. The Snohvit project in Norway shut down for scheduled
maintenance at the end of January but (more) unexpected problems at the plant
meant production didn't resume until well into the second quarter. Nigeria LNG
also had production issues. After a previous force majeure (FM) in the fourth
quarter, another FM related to feedgas supply was declared in early February
2013. It mainly affected incremental volumes whilst term volumes don't seem to
have been affected. This problem also persisted deep into the second quarter
with another FM declared in the last fortnight.
Whilst reduced demand in the Far East lowered DES prices in March, spot FOB
prices in the Atlantic remained strong making it extremely difficult to close
spot transactions (arbitrage trade) and therefore keeping the market quiet
overall.
Increased availability of spot cargoes has allowed more transactions to be
executed in recent weeks. Demand from Latin America has remained strong. In
Argentina a string of successive tenders, each securing a fraction of the
cargoes requested, has kept traders interested. Demand in Mexico has been
particularly strong, especially for deliveries into the southwestern terminal of
Manzanillo which is very distant from most export plants. Mexican state
controlled companies were said to be in the market for up to 40 cargoes from
mid-2013 until end-2014 and are reported to have secured 18 of these so far.
FSRUs
In the first quarter of 2013, with the exception of the Kingdom of Jordan, there
were no new firm awards for FSRUs. Golar continues to progress commercial
negotiations with the Kingdom of Jordan for that country's first FSRU. The
company is optimistic that these negotiations will lead to a firm contract for
Hull 2024, the Golar Eskimo.
In addition to the Golar Eskimo, Golar also has Hull 2031, the Golar Igloo under
construction. The Golar Igloo, a 170,000 m3 storage capacity FSRU, will be
delivered in October and is currently the only uncontracted newbuild FSRU that
is available before 2015. This FSRU has been offered into several tenders and is
shortlisted for two of them. Golar is also in direct negotiations with several
FSRU project sponsors for the deployment of this vessel.
While the shortage of FSRUs pre-2015 has begun to slow down tender awards, the
market is beginning to see numerous credible projects for 2015 and beyond in the
early stages of development. The Middle East, India and South America continue
to be major areas of activity with 8-10 plausible projects at various stages of
development. In addition, West Africa and South East Asia are beginning to see
more activity from credible project sponsors.
Continued strong demand for FSRUs has encouraged the company to enter detailed
discussions with yards about converting one of its new build LNG carrier orders
to a FSRU.
Outlook
Aside from the first quarter 2013 results being impacted by a longer than
anticipated drydocking of the Golar Spirit, the Board is generally pleased with
the results shown through the quarter as the unplanned down time for available
vessels was very low across both the carrier and FSRU operating assets (less
than 1%, excluding vessels recently moving into lay-up). This reflects the
Company's commitment to operational excellence within its "in-house" technical
manager Golar Wilhelmsen. As the safe operation of the Golar Group fleet is of
paramount importance, the Board is also pleased with the Company's stellar track
record on safety performance which includes a 12 month rolling Long Term
Incident frequency of zero.
The Board anticipates that, accounting for planned drydockings, results for
subsequent quarters in the near term will generally be in line with the first
quarter results, up until August 2013 when the first of Golar's newbuildings are
delivered with an expected contribution to increased earnings. The Golar
Viking, which will be transitioning between charters in the second quarter is
expected to book between 20-25 days of commercial waiting time during such
quarter while the operating costs of the idle Golar Hilli and Gandria will be
further mitigated during the second quarter as those vessels are transitioned to
lay-up. Finally, after 18 months of exemplary operating performance, the first
generation vessel Golar Gimi will come off her present charter on June 14, 2013
with no identified follow on charter identified at present.
Looking longer term, the Company is anticipating material volatility in LNG
shipping rates for the period starting in 2014. A large number of newbuilding
orders will be delivered starting in such period which will serve both to re-
balance the current tight market but also are in response to the significant
incremental production coming on stream beginning late 2015 and continuing
through 2016. Through such re-balancing period the Company is expected to be
contracting its carrier fleet into a mix of short, medium and long term fixtures
until such incremental production comes to bear on industry participants'
structural fleet requirements. Until that time, the Company remains well
placed with the majority of its existing modern vessels on charter through
2015, attractive conversion opportunities for the first generation ships, and a
newbuild fleet that will boast attractive operational savings over the vast
majority of the overall LNG carrier fleet. With success in its floating
liquefaction business, the Board is also optimistic that the Company may create
its own captive demand for vessels beginning in the same period.
The Company continues to make good progress with the financing of its
newbuilding programme and is pleased with the bank and export credit agencies'
appetite to participate. During April, Golar signed a termsheet with a financial
institution for the purpose of financing one of its newbuildings. Furthermore,
the Company is making good progress with another multi-unit facility. The
Company expects to have executed both sources of financing before the delivery
of its first newbuilding in August underscoring its intention not to raise new
equity to fund any of the newbuilding programme and maintain its current
dividend distribution.
The Board is optimistic about the placement of its two existing FSRU newbuild
orders. Following the Company's selection as preferred bidder for the Jordan
FSRU Project, discussions on the firm agreements have continued along
productively with the result being a substantially agreed form which is now set
to make its way through relevant government channels for approval. The Company
is hopeful that such approvals will be forthcoming shortly and the agreement
will go into full effect. Anticipated start-up for such project is late 2014 or
early 2015. Beyond the Jordan project the Company is actively pursuing a number
of attractive new opportunities for deployment of FSRUs.
The Company's ambitions toward moving into the liquefaction space on the LNG
value chain took a significant step forward recently with the conclusion of
basic framework agreements for the partnership that will take the Douglas
Channel LNG project to a final investment decision sometime in the third quarter
of 2013. The Company has acquired both the rights to invest in and the control
of off-take of at least 25% of such project which will have a total capacity of
0.6-0.7 million tonnes of LNG per annum. In addition to this, the DC Project
Partners have also agreed to investigate a future liquefaction train that could
fully utilize the Project's existing National Energy Board licence which allows
it to export up to 1.8mmtpa for a period of 20 years. The Company is also
pursuing several active opportunities for similar projects in the Americas, off-
shore West Africa and other locations.
The Board remains of the view that the pursuit of firm value from such
opportunities will be best realized through the eventual launch of a separate
entity which will retain clear focus on the specific value proposition that
these midstream projects contain. The Board acknowledges that the original
timing for such launch was planned for earlier in the year however it has now
determined that such is more logical to do during the second half of 2013 when
the funding requirements of the active opportunities, including Douglas Channel,
become more material and the Keppel FLNGV FEED study is completed. The Board
continues to see extremely attractive economics in this new segment for the
Company however it must be acknowledged that significant execution risks must be
overcome to firmly realize such value.
APPENDIX A - RECONCILATION OF RESULTS INCLUDING CONSOLIDATION OF GOLAR PARTNERS
+------------------------------------------------------------------------------+
| |
| |
| (Including |
| Golar consolidation of |
| Partners Golar Partners) |
| |
| Jan - Mar Complete Consolidation Jan - Mar |
| |
| 2013 Basis (100%) Adjustments 2013 |
| |
| (unaudited) (unaudited) (unaudited) (unaudited) |
| |
| Total revenues 35,115 74,927 (1,168 ) 108,874 |
| |
| Vessel operating |
| expenses 9,599 13,130 (1,172 ) 21,557 |
| |
| Voyage and |
| commission |
| expenses 1,720 1,694 - 3,414 |
| |
| Administrative |
| expenses 4,292 1,266 11 5,569 |
| |
| Depreciation and |
| amortization 8,806 13,675 663 23,144 |
| |
| Operating income 75,937 45,162 (65,909 ) 55,190 |
| |
| Interest income 974 273 - 1,247 |
| |
| Interest expense - (10,381 ) - (10,381 ) |
| |
| Other financial |
| items (2,753 ) 1,080 (254 ) (1,928 ) |
| |
| |
+------------------------------------------------------------------------------+
Forward Looking Statements
This press release contains forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including examination of historical operating trends made by the
management of Golar. Although Golar believes that these assumptions were
reasonable when made, because assumptions are inherently subject to significant
uncertainties and contingencies, which are difficult or impossible to predict
and are beyond its control, Golar LNG cannot give assurance that it will achieve
or accomplish these expectations, beliefs or intentions.
Included among the factors that, in the Company's view, could cause actual
results to differ materially from the forward looking statements contained in
this press release are the following: inability of the Company to obtain
financing for the new building vessels at all or on favorable terms; changes in
demand; a material decline or prolonged weakness in rates for LNG carriers;
political events affecting production in areas in which natural gas is produced
and demand for natural gas in areas to which our vessels deliver; changes in
demand for natural gas generally or in particular regions; changes in the
financial stability of our major customers; adoption of new rules and
regulations applicable to LNG carriers and FSRU's; actions taken by regulatory
authorities that may prohibit the access of LNG carriers or FSRU's to various
ports; our inability to achieve successful utilization of our expanded fleet and
inability to expand beyond the carriage of LNG; increases in costs including:
crew wages, insurance, provisions, repairs and maintenance; changes in general
domestic and international political conditions; the current turmoil in the
global financial markets and deterioration thereof; changes in applicable
maintenance or regulatory standards that could affect our anticipated dry-
docking or maintenance and repair costs; our ability to timely complete our FSRU
conversions; failure of shipyards to comply with delivery schedules on a timely
basis and other factors listed from time to time in registration statements and
reports that we have filed with or furnished to the Securities and Exchange
Commission, including our Annual Report on Form 20-F and subsequent
announcements and reports. Nothing contained in this press release shall
constitute an offer of any securities for sale.
May 30, 2013
The Board of Directors
Golar LNG Limited
Hamilton, Bermuda.
Questions should be directed to:
Golar Management Limited - +44 207 063 7900
Doug Arnell - Chief Executive Officer
Brian Tienzo - Chief Financial Officer
Stuart Buchanan - Investor Relations
GOLAR LNG LIMITED Q1 2013 RESULTS:
http://hugin.info/133076/R/1705907/564395.pdf
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originality of the information contained therein.
Source: Golar LNG via Thomson Reuters ONE
[HUG#1705907]
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2013 - 14:56 Uhr
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