Golar announced late on Wednesday that its board of directors has initiated the process.
“As previewed on the fourth quarter 2025 results, this review aims to accelerate the FLNG growth pipeline and maximize shareholder value, reflecting Golar’s successful transition into a high-growth, pure-play floating liquefied natural gas (FLNG) company,” the company said.
To support this process, Golar has appointed Goldman Sachs International as its financial advisor.
Golar said the strategic review will include a comprehensive evaluation of the company’s platform, including its FLNG technology, long-term contract backlog, and growth pipeline.
Potential alternatives to be explored include, but are not limited to, a sale of the company, a merger or other business combination, divestiture of assets, or further optimization of the corporate structure, it said.
Golar will target solutions that unlock shareholder value and enable faster roll-out of its FLNG growth pipeline.
“The company notes there is no set timetable for the conclusion of this strategic review, and there can be no assurance that the process will result in any specific transaction or other strategic outcome. The company will provide no additional comment or commentary until the review is completed,” Golar said.
Share price
Last month, Golar LNG’s chairman, Tor Olav Troim, said that the company received several unsolicited offers years ago to sell the company, which were declined.
He also announced that Golar will initiate a strategic process to seek external advice on ways to enhance the value of the company and its shares.
“To have an effectively priced equity is a major condition for growing this business,” he said.
He said the value of Golar today is linked to three things.
It’s the value of the existing contracts, the value of the options agreement, and the value of the Golar franchise.
Troim noted that Golar also “decided to push out the vessel number four and maybe also vessel number five a little bit, not because of lack of progress, but we’re going to two years in 2026 and 2027 where we have limited cash flow because the Mark II has not started and the Hilli is in for repair.”
“So I think what we want to do is to push the investment phase closer to the period where we are effectively running with an 800 million Ebitda and are actually self-serviced with capital for growth purposes,” he said.
