FLNG Gimi reaches Commercial Operations Date and Golar progresses FLNG growth

Core Points - Golar LNG Limited announced that FLNG Gimi has reached the Commercial Operations Date (COD) for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim (GTA) project, unlocking approximately $3 billion of Adjusted EBITDA backlog [1][2] - The COD milestone signifies a significant achievement for Africa's deep offshore developments, establishing Mauritania and Senegal as LNG exporters [2] - Following the COD, Golar is accelerating work on its next FLNG units and advancing commercial discussions, with a focus on design choices for the fourth FLNG unit [3] Company Developments - The COD of FLNG Gimi triggers the start of a 20-year Lease and Operate Agreement, which is expected to generate substantial financial returns for Golar [1] - Golar is collaborating with GTA operator bp and partners Kosmos, PETROSEN, and SMH to ensure safe operations and value creation for stakeholders [2] - The company is progressing with engineering studies for a 5mtpa MKIII FLNG and updating plans for a 2.7mtpa MKI FLNG, indicating a strong pipeline for future projects [3]