XML 28 R21.htm IDEA: XBRL DOCUMENT
v3.21.2

Asset Under Development | 9 Months Ended
--- | ---
Sep. 30, 2021
Extractive Industries [Abstract] |
Asset Under Development | ASSET UNDER DEVELOPMENT
(in thousands of $) | September 30, 2021 | December 31, 2020
Opening asset under development balance | 658,247 |  | 434,248 |
Additions | 161,600 |  | 283,927 |
Transfer from vessels and equipment, net | — |  | 77,172 |
Transfer from other non-current assets | — |  | 16,213 |
Interest costs capitalized | 30,742 |  | 34,296 |
Disposal of LNG Croatia | — |  | (187,609) |
Closing asset under development balance | 850,589 |  | 658,247 |
Gimi conversion In February 2019, we entered into a Lease and Operate Agreement (“LOA”) with BP for the employment of a FLNG unit, the Gimi, after her conversion to an FLNG for a term of 20-years. In April 2019, we completed the sale of 30% of the total issued ordinary share capital of Gimi MS to First FLNG Holdings. In October 2020, we had confirmed a revised project schedule with BP which extended the target connection date by 11 months to 2023. The conversion cost including financing cost is approximately $1.5 billion of which $700 million is funded by the Gimi facility (note 16). As at September 30, 2021, the estimated timing of the outstanding payments in connection with the Gimi conversion are as follows:
(in thousands of $) |
Period ending December 31, |
2021 (1) | 29,725 |
2022 | 379,302 |
2023 | 252,182 |
2024 | 75,034 |
| 736,243 |
(1) For the three months ending December 31, 2021

X
- Definition Assets Under Development [Text Block] + References No definition available. + Details
Name: | glng_AssetsUnderDevelopmentTextBlock
Namespace Prefix: | glng_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_ExtractiveIndustriesAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration