Golar LNG Limited (NASDAQ:GLNG) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET

Company Participants

Karl Fredrik Staubo - Chief Executive Officer

Eduardo Maranhao - Chief Financial Officer

Conference Call Participants

Ben Nolan - Stifel

Liam Burke - B. Riley Financial

Ben Moore - Deutsche Bank

Operator

Welcome to the Golar LNG Limited Fourth Quarter 2023 Presentation. After the slide presentation by CEO, Karl Fredrik Staubo, and CFO, Eduardo Maranhao, and there will be a question-and-answer session. Information on how to ask a question will be provided then. At this time, all participants are in listen-only mode.

I will now pass you over to Karl Fredrik Staubo. Karl, please go ahead.

Karl Fredrik Staubo

Thank you and good day and welcome to Golar LNG's Q4 2023 earnings results presentation. My name is Karl Fredrik Staubo, I'm the CEO of Golar LNG, and I'm accompanied today by our CFO Mr. Eduardo Maranhao to present this quarter's results.

Before we get into the presentation, please note the forward-looking statements on slide two. We start at slide three and an overview of Golar today. We own two FLNGs, Hilli operating for Perenco in Cameroon, and FLNG Gimi delivered from Seatrium Shipyard in November last year, and currently moored to the GTA Hub offshore Senegal and Mauritania, which will be her home for the next 20-years.

We own two LNG carriers. We agreed to acquire the Fuji intended for mark two FLNG conversion and expect to take delivery of the vessel next week. We also own the LNG carrier Golar Arctic, which is a non-core to our FLNG focus, and we are currently considering options for the vessel, including charter opportunities or a potential sale.

We have two financial investments, Avenir LNG, a small-scale LNG shipping company, and Macaw Energies, a land-based liquefaction company targeting monetization of flare gas focused on operations in the Americas. We're particularly excited about the outlook for Macaw and we'll share more color on development on that later in the presentation.

Turning to slide four, Golar is the world's largest owner and operator of FLNGs and the only FLNG player offering floating liquefaction as a service. This is relevant as gas resource owners of proven reserves, either stranded, re-injected or flared gas, look to monetize these proven reserves, whilst maintaining meaningful ownership and exposure to their own resource. Golar’s position as the only service provider of maritime liquefaction enables us to offer these resource owners a unique value proposition.