<SEC-DOCUMENT>0001171843-21-002522.txt : 20210416
<SEC-HEADER>0001171843-21-002522.hdr.sgml : 20210416
<ACCEPTANCE-DATETIME>20210415182651
ACCESSION NUMBER:		0001171843-21-002522
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210415
FILED AS OF DATE:		20210416
DATE AS OF CHANGE:		20210415

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOLAR LNG LTD
		CENTRAL INDEX KEY:			0001207179
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50113
		FILM NUMBER:		21829655

	BUSINESS ADDRESS:	
		STREET 1:		2ND FLOOR, S.E. PEARMAN BUILDING
		STREET 2:		9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
		BUSINESS PHONE:		441-295-4705

	MAIL ADDRESS:	
		STREET 1:		2ND FLOOR, S.E. PEARMAN BUILDING
		STREET 2:		9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 11
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_041521.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>For the month of April 2021</strong></p><p style="text-align: center;">Commission File Number: <strong>000-50113</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>Golar LNG Limited</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>2nd Floor  S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda</strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <u>&#160;&#160;&#160;&#160;&#160;&#160;</u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u>&#160;&#160;&#160;&#160;&#160;&#160;</u></p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.&#160;</p><hr style="page-break-after: always;" noshade="noshade" /><p> <p>On April 15, 2021, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. <br /><br /><a href="exh_991.htm">(c) Exhibit 99.1. Press release dated April 15, 2021</a></p></p><p /><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;Golar LNG Limited&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: April 15, 2021</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ Karl Fredrik-Staubo&#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Karl Fredrik-Staubo</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Chief Financial Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<p ></p><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><strong>Golar LNG Limited has today completed the sales of Hygo Energy Transition Ltd. and Golar LNG Partners LP</strong></p><p style="text-align: center;" ></p><p>
     <p><strong>Highlights</strong></p>  <ul><li>Golar LNG Limited (&#8220;Golar&#8221; or &#8220;GLNG&#8221;) received $50 million in cash and 18.6 million Class A common shares in New Fortress Energy Inc. (&#8220;NFE&#8221;) worth $878 million based on the April 14 closing price as consideration for the sale of its 50% interest in Hygo Energy Transition Limited (&#8220;Hygo&#8221;).</li><li>Golar received $81 million in cash for the sale of its 32% interest in Golar LNG Partners LP (&#8220;GMLP&#8221;).</li><li>Together, the transactions crystalize part of the value built in the Golar asset portfolio since 2015 and will generate a book gain to Golar of approximately $740 million based on Q4 2020 book values.</li><li>These sales complete a significant step in Golar&#8217;s corporate simplification process.&#160; </li><li>As previously announced, Golar&#8217;s Board has initially approved a $50 million common share buy-back program to seek to maximize value for shareholders created by the large gap between Golar&#8217;s market value and the underlying value of its long-term contracts and businesses.</li></ul>  <p align="justify">April 15, 2021 &#8211; Golar LNG Limited (Nasdaq: GLNG) today announces the completion of its sales of Hygo, a 50-50 joint venture between GLNG and Stonepeak Infrastructure Fund II Cayman (G) Ltd., a fund managed by Stonepeak Infrastructure Partners (&#8220;Stonepeak&#8221;), and Golar LNG Partners, LP (Nasdaq: GMLP). </p>  <p align="justify">&#8220;The NFE transactions have simplified the group structure and crystalized part of the value of our downstream business&#8221; said GLNG Chairman Tor Olav Troim. &#8220;We are impressed with what the Chairman and CEO, Wes Edens, and his team in NFE have created over the last five years. They have, through dynamic, fast track solutions to the energy transition, outcompeted the traditional energy companies. Golar is excited to become a major shareholder in NFE and working even more closely with NFE. NFE&#8217;s expanded portfolio of cash generating assets and international project opportunities in the advanced stages of development put them in a strong position to accelerate the realization of the profitable growth ambitions Golar has for its downstream business. </p>  <p align="justify">Golar has materially strengthened its balance sheet as a result of the NFE transactions. This coincides with rising energy prices, and with a global focus on cleaner energy. Golar is now in a strong position to use its unique FLNG capability and experience to produce low cost LNG and meet this rapidly expanding opportunity. This can take place through tariff-based production for oil and gas companies, but can also be achieved through direct gas ownership. The cost of buying or farming into proven reserves of stranded or associated gas is currently very attractive. Together with our proven FLNG technology, this creates an opportunity for Golar to be a leading low-cost producer of LNG with very attractive earnings potential. The Board is further encouraged by the improving market conditions for the midstream shipping business and the opportunities this might create to separate our midstream and upstream businesses&#8221;. </p>  <p align="justify"><strong><u>Sale of Hygo Energy Transition Ltd.</u></strong></p>  <p align="justify">Under Hygo&#8217;s agreement with NFE, NFE acquired all of the outstanding shares of Hygo for 31,372,549 shares of NFE Class A common stock and $580 million in cash. The transaction is valued at a $3.1 billion enterprise value and a $2.18 billion equity value at announcement. GLNG received 18,627,45 shares of NFE Class A common stock and $50 million in cash and Stonepeak received 12,745,098 shares of NFE Class A common stock and $530 million in cash.</p>  <p align="justify"><strong><u>Sale of Golar LNG Partners, LP </u></strong></p>  <p align="justify">Under GMLP&#8217;s agreement with NFE, NFE acquired all of the outstanding common units of GMLP for $3.55 per common unit in cash. NFE has also acquired GMLP&#8217;s general partner for equivalent consideration. The transaction values GMLP at a $1.9 billion enterprise value and a $251 million common equity value. Golar received $81 million in cash for the sale of its 32% interest in GMLP.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended).&#160; All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as &#8220;may,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;forecast,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;predict,&#8221; &#8220;propose,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; or the negative of these terms and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include statements relating to the sale of Hygo and GMLP to NFE, the expected benefits of the transactions, the application of proceeds therefrom, the $50 million common share buy-back program and other statements that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.</p>  <p align="justify">You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.</p>  <p align="justify">Hamilton, Bermuda<br >April 15, 2021<br >Enquiries:<br >Golar Management Limited: + 44 207 063 7900<br >Karl Fredrik Staubo - CFO</p>  <p>Stuart Buchanan - Head of Investor Relations  <br ></p> </p><p ></p>
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