Sale of LNGC Golar Arctic Marks Golar's Exit From LNG Shipping Segment

Core Insights - Golar LNG Limited has executed agreements to sell its last LNG carrier, Golar Arctic, for USD 24 million, marking the company's exit from the LNG shipping segment [1][3] - The sale is expected to close in Q1 2025, completing Golar's transition to a focused FLNG infrastructure company after 50 years in LNG shipping [1][3] Company Transition - The sale of Golar Arctic signifies the conclusion of Golar's planned exit from the LNG shipping segment, which began with the delivery of its first LNG carrier in 1975 [3] - Golar has transitioned into a market-leading FLNG infrastructure company, moving away from its legacy shipping business [3] Future Developments - The LNG carrier Fuji LNG has discharged its final cargo and is set to be converted into a MKII FLNG at CIMC shipyard in China [2]