FLNG Gimi completes first LNG offload

Core Points - Golar LNG Limited announced the successful offload of its first full LNG cargo from FLNG Gimi to the LNG carrier British Sponsor, marking the entry of Mauritania and Senegal into the international gas market [1] - This event triggers the final pre-Commercial Operations Date milestone bonus payment to Golar, as per the commercial reset agreement made in August 2024 [1] - The commissioning is on track for a Q2 2025 Commercial Operations Date, which will initiate a 20-year Lease and Operate Agreement, unlocking approximately $3 billion of Adjusted EBITDA backlog for Golar [1] Financial Implications - The commencement of the Commercial Operations Date will lead to the recognition of contractual payments that include both capital and operating elements in Golar's balance sheet and income statement [1]