Core Viewpoint - Golar LNG Limited has successfully secured a 20-year charter for its MKII FLNG unit, establishing a significant earnings backlog and enhancing its operational visibility in the LNG sector [1][2]. Group 1: Charter Agreement and Financial Impact - The 20-year charter of the MKII FLNG solidifies a net earnings backlog of $8 billion over 20 years, translating to an annual EBITDA of $400 million for Golar, prior to commodity exposure and inflation adjustments [2]. - The charter includes favorable commodity exposure through both the FLNG commodity tariff and Golar's 10% stake in Southern Energy S.A. (SESA) [2]. Group 2: Project Development and Timeline - The MKII FLNG, with a capacity of 3.5 MTPA, is currently being converted at CIMC Raffles Shipyard in Yantai, China, and is on track for delivery by the end of 2027, with operations expected to commence in 2028 [3]. - The total conversion budget for the MKII FLNG is approximately $2.2 billion, with $1.0 billion already spent, all funded through equity [3]. Group 3: Regulatory Approvals and Strategic Position - The project has received all necessary governmental approvals, including a 30-year LNG export authorization in Argentina and qualification as a Strategic Investment under the Large Investments Incentive Regime (RIGI) [4]. - Golar's CEO highlighted that with the confirmation of the 20-year charter, all three existing FLNGs now have 20 years of earnings visibility, amounting to a combined EBITDA backlog of $17 billion before commodity exposure [5]. Group 4: Future Growth Opportunities - With the existing fleet fully contracted for the next 20+ years, Golar will focus on new FLNG growth opportunities, leveraging its position as a proven provider of FLNG as a service to create value through gas monetization solutions [6].

Group 1 - Golar LNG will release its Q3 2025 results before NASDAQ opens on November 5, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day, available for download from the Investor Relations section [1] - Participants are encouraged to join the conference call via the live webcast link and should connect 10 minutes prior to the start [1] Group 2 - Sell-side analysts wishing to ask questions during the Q&A session must access the event via the conference call [1] - There will be a limit of two questions per participant during the Q&A session [1] Group 3 - Conference call participants need to register to obtain dial-in and passcode details, which helps eliminate wait times [3] - Participants can join the call by dialing in with provided numbers and unique PIN or by using the "Call me" option [3] Group 4 - Presentation materials can be downloaded from the Investor Relations section for viewing during the conference [4] - A replay of the event audio will be available for a limited time on the same website for those unable to listen live [4] - This information complies with the disclosure requirements of the Norwegian Securities Trading Act [4]

Core Insights - Abra Group has officially ended negotiations for a potential merger between its controlled Brazilian carrier Gol and rival Azul, indicating a shift in strategic direction for the company [1] Company Summary - Abra Group's decision to cease merger talks with Azul suggests challenges in aligning interests or terms between the two airlines, which could impact competitive dynamics in the Brazilian aviation market [1] - Gol, as a controlled entity of Abra Group, will continue to operate independently, which may affect its market positioning and growth strategies moving forward [1] Industry Summary - The Brazilian airline industry remains competitive, with significant implications for market share and operational strategies following the halted merger discussions between Gol and Azul [1] - The cessation of merger negotiations may lead to increased focus on organic growth strategies among Brazilian carriers, as they navigate the complexities of the post-pandemic recovery [1]

Core Viewpoint - Abra Group has terminated merger talks between Gol and Azul, ending the possibility of creating a dominant airline in Brazil that would control approximately 60% of the domestic market [1][2]. Company Developments - Abra Group, which controls Gol and is a major investor in Avianca, initially signed a memorandum of understanding in January to combine Gol and Azul, but discussions stalled due to Azul's Chapter 11 bankruptcy filing in May [2][4]. - Gol emerged from its own bankruptcy proceedings in June, while Azul expects to exit bankruptcy by early 2026 [2][6]. Market Reaction - Following the news of the terminated talks, Azul's shares increased by 18% and Gol's shares rose by 5% in early afternoon trading in Sao Paulo [3]. Industry Context - Both airlines sought bankruptcy protection due to significant debt burdens, a sharp decline in traffic during the COVID-19 pandemic, and delays in aircraft deliveries [4]. - The initial memorandum for the merger was established under different market conditions, and both companies have also ended their 2024 codeshare agreement, which was under scrutiny from antitrust authorities [5]. Future Outlook - Abra Group remains open to future discussions regarding a potential business combination, emphasizing the merits of merging Azul and Gol [6]. - Azul has reaffirmed its commitment to strengthening its capital structure despite the end of merger talks [6]. Competition Concerns - The proposed merger raised competition issues, with LATAM Airlines expressing concerns, although some experts viewed it as a necessary step for a financially viable airline sector in Brazil [7].

Core Viewpoint - Golar LNG Limited has announced a private offering of $500 million in unsecured senior notes due 2030, with an interest rate of 7.500% per year, maturing on October 2, 2030 [1]. Group 1: Offering Details - The offering consists of $500 million in aggregate principal amount of unsecured senior notes [1]. - The notes will bear an interest rate of 7.500% per year and will mature on October 2, 2030 [1]. - The notes will be issued at par and will be senior unsecured obligations of the company [1]. Group 2: Settlement Information - The sale of the notes to the initial purchasers is expected to settle on October 2, 2025, subject to customary closing conditions [2]. Group 3: Regulatory Information - The notes are being offered in the United States only to qualified institutional buyers under Rule 144A and to persons outside the United States in compliance with Regulation S [4]. - The notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption [4].

Core Viewpoint - Golar LNG Limited has initiated a series of fixed income investor meetings to discuss a potential offering of benchmark 5NC2 senior unsecured notes, subject to market conditions [1] Group 1: Offering Details - The company has mandated a syndicate of banks to arrange investor meetings starting September 22, 2025 [1] - The offering may consist of USD 144A/Reg S denominated benchmark 5NC2 senior unsecured notes [1] Group 2: Regulatory Considerations - The offering of the notes may be restricted by law in certain jurisdictions, and recipients of the announcement should inform themselves about such restrictions [3] - The notes have not been registered under the U.S. Securities Act and may not be offered or sold within the United States except under specific exemptions [4] - The announcement is directed only at professional investors and not retail investors in the European Economic Area or the United Kingdom [5][6] Group 3: Forward-Looking Statements - The announcement contains forward-looking statements reflecting management's expectations and projections regarding the offering of notes and intended use of proceeds [9] - These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual outcomes to differ materially [10]

Core Insights - Golar LNG Limited has secured a 20-year charter agreement for the FLNG Hilli in Argentina, generating a net charter hire of $285 million per year, totaling $5.7 billion over the contract term [2][6][7] - The company reported a Q2 2025 net income of $16 million and an Adjusted EBITDA of $49 million, with a total cash position of $891 million [6][20][27] - Golar's share of contractual debt as of June 30, 2025, is approximately $2.05 billion, reflecting a significant increase from the previous year [20][28][38] Financial Performance - The company experienced a 13% decrease in net income year-over-year for Q2 2025, with total operating revenues increasing by 17% [20][21] - Adjusted EBITDA backlog increased by $13.7 billion, with significant upside potential from commodity-linked tariffs [6][11] - The company declared a dividend of $0.25 per share for Q2 2025, with a total of 102.3 million shares outstanding [18][20] Operational Developments - The FLNG Gimi achieved Commercial Operations Date (COD) in June 2025, with Golar owning 70% of the asset and an expected net earnings backlog of approximately $3 billion [4][6] - The MKII FLNG conversion project is on schedule, with $0.8 billion spent to date, and is expected to be delivered in Q4 2027 [5][8] - Golar is exploring additional FLNG growth units and has engaged with three prospective shipyards for future projects [12][13] Market Position and Strategy - Golar is positioned as a leading provider of FLNG solutions, capitalizing on the increasing demand for flexible LNG export options [13][14] - The company aims to optimize asset-level debt and secure attractive financing for future FLNG projects [3][5] - Golar's 10% ownership in Southern Energy S.A. (SESA) provides additional commodity exposure, equating to approximately $28 million in annual commodity exposure for every $1/MMBtu change in achieved FOB prices [10][11]

Core Viewpoint - Golar LNG Limited has announced that Southern Energy S.A. has reached a Final Investment Decision (FID) for the charter of Golar's 3.5MTPA MK II FLNG, marking a significant milestone for both companies in establishing Argentina as a key LNG exporter [1][4]. Group 1: Charter Agreement Details - The 20-year charter agreement includes a net charter hire of US$ 400 million per year, along with a commodity-linked tariff component of 25% of FOB prices exceeding US$ 8/mmbtu [2]. - The MKII FLNG is currently being converted in China and is expected to sail to Argentina, with contract start-up anticipated in 2028 [2]. - The combined nameplate capacity of the MKII FLNG and the FLNG Hilli is 5.95MTPA, which is expected to yield significant operational efficiencies and synergies [2]. Group 2: Company Background and Ownership - Southern Energy S.A. is formed to facilitate LNG exports from Argentina and is owned by a consortium of Argentinian gas producers, including Pan American Energy (30%), YPF (25%), Pampa Energia (20%), Harbour Energy (15%), and Golar (10%) [3]. - The MKII FLNG project is subject to regulatory conditions and customary closing conditions, which are progressing as scheduled and expected to be completed by 2025 [3]. Group 3: Financial Implications - The FID solidifies $8 billion of net earnings visibility over 20 years for Golar, with potential upside from the FLNG commodity tariff component and Golar's shareholding in SESA [4].

Core Viewpoint - Golar LNG Limited announces the appointment of Mr. Stephen J. Schaefer to its Board of Directors effective August 1, 2025, highlighting his extensive experience in the natural gas and electricity markets [1][3]. Company Summary - Mr. Schaefer has been involved in the natural gas and electricity sectors since 1993 and currently serves as Chairman of Talen Energy Corporation and is a board member of GenOn Energy [2]. - His previous roles include Chairman of GenOn Energy and Texgen Power LLC, and board member for Homer City Holdings LLC and Element Markets LLC [2]. - Prior to retirement in 2015, Mr. Schaefer was a Partner at Riverstone Holdings, focusing on energy investments, and was a Managing Director at Huron Consulting Group, where he founded its Energy Practice [2]. - From 1998 to 2003, he served as Managing Director and Vice President of Duke Energy North America, overseeing mergers and acquisitions [2]. - Mr. Schaefer is a Chartered Financial Analyst and holds a B.S. in Finance and Accounting from Northeastern University [2]. Industry Insight - The appointment of Mr. Schaefer is expected to enhance Golar's growth ambitions due to his deep expertise in global energy markets and strategic vision [3]. - The company anticipates valuable insights and leadership from Mr. Schaefer, which will be instrumental in advancing its objectives [3].

Core Viewpoint - Golar LNG Limited has released its 2024 Environmental, Social and Governance (ESG) report, which is available on the company's website [1]. Group 1 - The 2024 ESG report is now issued by Golar LNG Limited [1].