Golar LNG operates nine FSRUs across Brazil, Jordan, Indonesia, Ghana, and Kuwait — and uniquely among floating LNG infrastructure operators, also runs an active floating liquefaction programme through the Hilli Episeyo offshore Cameroon. Listed on NASDAQ and headquartered in Hamilton, Bermuda, Golar LNG has built the broadest floating LNG asset base of any independent operator in 2026.
Company Overview
Founded in 1946 as a conventional tanker company, Golar LNG pivoted toward floating LNG infrastructure through the 2000s, divesting bulk shipping assets to focus exclusively on FSRUs and FLNG vessels. The company is incorporated in Bermuda and listed on NASDAQ under the ticker GLNG.
Golar LNG previously operated Golar LNG Partners as a separately listed MLP structure. That entity was dissolved and its assets reabsorbed into the parent company as part of a broader restructuring of the group’s capital structure. The current corporate entity holds the full FSRU fleet and the Hilli Episeyo FLNG asset directly.
FSRU Fleet and Global Deployments
Golar LNG’s nine FSRUs serve national utilities and power generators across five continents on long-term charter contracts. Key vessels include the Golar Freeze, deployed in Kuwait; the Golar Spirit, which served Brazil’s Petrobras regasification infrastructure; and the Golar Winter, operating in Brazil’s northeastern gas supply network. Charter counterparties are predominantly state-owned energy companies and power utilities, providing contracted revenue visibility across the fleet.
Deployments in Ghana, Indonesia, and Jordan reflect Golar LNG’s deliberate focus on emerging market LNG import infrastructure — markets where gas-to-power demand growth is driving FSRU uptake ahead of onshore terminal construction. The global FSRU fleet reached approximately 50 vessels in 2026 at near-100% utilisation, tightening available capacity and strengthening charter rates for operators with established track records. For a full ranking of fleet scale and deployment breadth, see the top 10 FSRU operators by fleet size in 2026.
Hilli Episeyo — FLNG Programme
The Hilli Episeyo entered service offshore Cameroon in 2018 as the world’s first converted floating liquefaction vessel, converting an existing LNG carrier hull into a producing FLNG unit. The vessel liquefies natural gas from the Perenco-operated Sanaga South field and loads LNG cargoes directly onto export carriers — removing the need for onshore liquefaction infrastructure in a market where such investment would be prohibitive.
The Hilli Episeyo distinguishes Golar LNG from the broader FSRU operator universe. Where competitors such as TotalEnergies and other integrated LNG majors operate fixed onshore liquefaction capacity, Golar’s converted FLNG model demonstrates a mobile, lower-capital alternative applicable to stranded and smaller gas fields. A second FLNG programme, Golar Gandria, has been in various stages of planning and financing, reflecting the company’s intention to extend the FLNG fleet beyond a single vessel.
2026 Strategy and Market Position
Golar LNG’s contracted charter base provides multi-year revenue coverage across the FSRU fleet, with emerging market deployments in Ghana, Jordan, and Indonesia positioned to benefit from continued gas-to-power investment in those regions. New FSRU orders placed across the industry in 2023 and 2024 are expected to add seven to ten units to the global fleet by 2027, though near-term demand remains strong enough to sustain high utilisation rates for existing operators.
The company’s dual capability — regasification on the import side and liquefaction on the export side — creates a structural differentiation that pure FSRU operators cannot replicate. As LNG infrastructure needs in emerging markets evolve from import dependency toward potential domestic liquefaction projects, Golar LNG’s FLNG experience positions it as a relevant counterparty for project developers and national oil companies. For broader context on global floating and fixed LNG infrastructure, the top 10 LNG terminals ranked by capacity covers the scale of fixed onshore capacity alongside which Golar’s fleet operates.
Company Snapshot
| Detail | Data |
|---|---|
| Company | Golar LNG |
| Headquarters | Hamilton, Bermuda |
| Founded | 1946 |
| Stock listing | NASDAQ: GLNG |
| FSRU fleet | 9 vessels (2026) |
| FLNG vessels | 1 in operation (Hilli Episeyo, Cameroon) |
| Key deployments | Brazil, Jordan, Indonesia, Ghana, Kuwait |
| Hilli Episeyo | World’s first converted FLNG vessel (2018) |
| Charter model | Long-term charters to national utilities and power generators |
| Corporate structure | Parent company — Golar LNG Partners dissolved and reabsorbed |
What does Golar LNG specialise in?
Golar LNG specialises in floating LNG infrastructure — operating a fleet of nine FSRUs providing regasification services to national utilities and power generators, and the Hilli Episeyo FLNG vessel offshore Cameroon, which liquefies natural gas for export. It is the only independent operator active on both the import and export sides of the floating LNG market.
How many FSRUs does Golar LNG operate?
Golar LNG operates nine FSRUs as of 2026, deployed across Brazil, Jordan, Indonesia, Ghana, and Kuwait. Key vessels include the Golar Freeze, Golar Spirit, and Golar Winter, all on long-term charters to state-owned energy companies and power utilities.
What is the Hilli Episeyo and who operates it?
The Hilli Episeyo is the world’s first converted floating liquefaction vessel, operated by Golar LNG offshore Cameroon since 2018. It liquefies natural gas from the Perenco-operated Sanaga South field and loads LNG cargoes directly onto export carriers, eliminating the need for onshore liquefaction infrastructure.
Where are Golar LNG’s vessels deployed?
Golar LNG’s FSRU fleet is deployed across five continents — Brazil, Jordan, Indonesia, Ghana, and Kuwait. The Hilli Episeyo FLNG vessel operates offshore Cameroon. All deployments serve gas-to-power demand in markets where onshore LNG terminal construction is not yet viable.
Is Golar LNG publicly listed?
Yes. Golar LNG is listed on NASDAQ under the ticker GLNG and is incorporated in Hamilton, Bermuda. The company previously operated Golar LNG Partners as a separate MLP listed entity; that structure was dissolved and its assets reabsorbed into the parent company.