Golar LNG Explores Sale or Merger to Speed FLNG Expansion
Golar LNG has initiated a strategic review with Goldman Sachs to explore sale, merger, divestiture or restructuring options aimed at accelerating its FLNG expansion and maximising shareholder value. In Q4 2025 it generated $91m EBITDA, $10m net income and held $1.2bn cash after selling Golar Arctic for $24m.
1. Strategic Review Launch
Golar LNG has begun a formal strategic review to examine options to accelerate its floating LNG (FLNG) expansion and maximise shareholder value. The company has engaged Goldman Sachs International as financial adviser to assess potential sale, merger, business combination, asset divestiture or corporate restructuring, without a fixed timeline.
2. Financial Performance and Asset Sales
In the fourth quarter of 2025, Golar LNG reported $91m of adjusted EBITDA, $10m of net income (including $28m of non-cash items) and ended the period with $1.2bn in cash. Earlier in 2025 the company completed the $24m sale of its 140,000m³ Golar Arctic carrier and issued $575m of 2.75% convertible notes due 2030.
3. Annual Report Filing
On March 26, 2026 Golar LNG filed its Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission, making the full annual report available for shareholders to download or request in hard copy.