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REALIZED AND UNREALIZED (LOSS)/GAIN ON OIL AND GAS DERIVATIVE INSTRUMENTS | 12 Months Ended
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Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Realized and unrealized (loss)/gain on oil and gas derivative instruments |
8. | REALIZED AND UNREALIZED (LOSS)/GAIN ON OIL AND GAS DERIVATIVE INSTRUMENTS
The realized and unrealized gain/(loss) on the oil and gas derivative instruments is comprised of the following:
(in thousands of $) | Year Ended December 31,
| 2024 | 2023 | 2022
Realized gain on FLNG Hilli’s oil derivative instrument | 68,700 |  | 73,120 |  | 110,696 |
Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives | 49,438 |  | 87,555 |  | (18,605) |
Realized gain on FLNG Hilli’s gas derivative instrument | 22,950 |  | 39,232 |  | 139,929 |
Realized gain on oil and gas derivative instruments, net | 141,088 |  | 199,907 |  | 232,020 |
(in thousands of $) | Year Ended December 31,
| 2024 | 2023 | 2022
Unrealized MTM adjustment for commodity swap derivatives | (48,079) |  | (65,290) |  | 111,703 |
Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 20) | (47,272) |  | (76,847) |  | 55,315 |
Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 20) | (6,511) |  | (142,521) |  | 121,959 |
Unrealized (loss)/gain on oil and gas derivative instruments, net | (101,862) |  | (284,658) |  | 288,977 |
Realized and unrealized (loss)/gain on oil and gas derivative instruments (note 27) | 39,226 |  | (84,751) |  | 520,997 |
The realized gain on oil and gas derivative instruments results from monthly billings above the FLNG Hilli base tolling fee and the incremental capacity increase pursuant to LTA amendments, whereas the unrealized (loss)/gain on oil and gas derivative instruments results from movements in forecasted oil and natural gas prices and Euro/U.S. Dollar exchange rates.
9. | OTHER NON-OPERATING (LOSS)/INCOME
Other non-operating (loss)/income, net is comprised of the following:
| Year Ended December 31, |  |
(in thousands of $) | 2024 | 2023 | 2022 |  |
Realized and unrealized MTM (losses)/gains on our investment in listed equity securities (note 16) (1) | — |  | (62,308) |  | 400,966 |  |  |
Dividend income from our investment in listed equity securities | — |  | 9,823 |  | 4,768 |  |  |
UK tax lease liability (2) | — |  | — |  | 7,148 |  |  |
Others (3) | (7,000) |  | — |  | — |  |  |
Other non-operating (loss)/income | (7,000) |  | (52,485) |  | 412,882 |  |  |
(1) Our investment in listed equity securities relates to our previous equity holding in NFE. During the year ended December 31, 2022, we recognized $350.9 million in unrealized MTM losses on our 5.3 million shares. In 2023 and 2022, we sold 1.2 million and 13.3 million of our previous NFE Shares for an aggregate consideration of $45.6 million and $625.6 million which resulted to $62.3 million realized MTM losses and $50.1 million realized MTM gains, respectively. On March 15, 2023, we disposed of our remaining 4.1 million NFE Shares as partial consideration for the repurchase of 1,230 Hilli common from NFE. Following these transactions, we no longer hold any listed equity securities. (2) In April 2022, we settled our liability to the UK tax authority in relation to former leasing arrangements of $66.4 million, inclusive of fees and released the remaining UK tax lease liability of $5.3 million and recognized a foreign exchange movement of $1.8 million. (3) “Others” relates to payments to Seatrium in relation to Hilli's utilization bonus and termination fee on our historical third FLNG conversion main building contract during the year ended December 31, 2024.

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
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