GLNG
- Golar LNG Limited
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Overview
Company Summary
Golar LNG Limited (GLNG) is a company in the energy sector that primarily operates as a liquefied natural gas (LNG) transportation and midstream company. The company's main business activity revolves around the transportation, storage, and regasification of LNG.
GLNG primarily operates a fleet of LNG carriers, which are specially designed vessels that transport LNG across different regions of the world. These carriers are equipped with advanced insulation technology and storage facilities to maintain the LNG in its liquid form during transportation. GLNG plays a crucial role in bridging the gap between LNG supply and demand by facilitating the transportation of LNG from production facilities to consumption markets.
In addition to transportation services, GLNG is also involved in the midstream sector. This includes owning and operating floating storage and regasification units (FSRUs). FSRUs are converted LNG carriers that have been modified to handle the regasification process. These units receive LNG from carriers, store it temporarily, and then facilitate the conversion of LNG back into its gaseous state for distribution through pipelines or other means.
The company's services are utilized by LNG producers, traders, and end-users, enabling them to efficiently and reliably transport, store, and regasify LNG. GLNG's strategic locations and extensive network allow them to serve various markets around the world where the demand for LNG is high.
Furthermore, GLNG is actively involved in new LNG projects, including the development and operation of liquefaction facilities. Liquefaction plants use a process to cool natural gas into a liquid form, which can then be transported via LNG carriers. These projects contribute to GLNG's position as a comprehensive player in the LNG value chain.
Overall, Golar LNG Limited plays a critical role in the global LNG industry by providing transportation, storage, and regasification services. Through their specialized fleet and infrastructure, they facilitate the movement of LNG across different regions, helping to meet the rising demand for clean energy sources.