Golar LNG profit surges as it talks up floating LNG market

Oslo-listed Golar LNG posted huge increases in both fourth quarter and full year profits, partly driven by higher tariffs from its Hilli floating liquefied natural gas vessel in Cameroon, an asset it aims to redeploy in 2026.

The company sold off non-core assets last year to focus on the FLNG market, building on its FLNG contract with Perenco in Cameroon and a soon-to-start contract with BP offshore Senegal and Mauritania.

Golar LNG — whose chief executive is Karl Fredrik Staubo — posted a net income of $788 million for 2022, up 90% on 2021, while its final quarter profit leapt to $71 million from $8.8