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Stock impact report

Golar (GLNG) Climbs 22.6% as LNG Crisis Bites [Yahoo! Finance]

Golar LNG Limited - Common Shares (GLNG) 
US:NASDAQ Investor Relations: golarlng.com/investors
Company Research Source: Yahoo! Finance
Golar LNG Limited (NASDAQ:GLNG) surged by 22.6 percent week-on-week, as investors piled funds into energy stocks on expectations that they would largely benefit from the ongoing tensions in the Middle East. The stock rallied alongside its counterparts amid the ongoing tensions in the Middle East that continued to propel higher natural gas prices and disrupt supply. Golar Photo from Golar LNG website Adding to the sentiment was news that a major natural gas hub in Qatar, which accounts for one-fifth of the world's LNG supply, had been hit by a missile attack earlier in the week. The state-run energy firm said that the attack caused “extensive damage,” with losses estimated to hit as much as $20 billion. Even if the Middle East tensions subside, economists expect LNG prices to remain elevated, as it would take the facility five years to be repaired. In other news, Golar LNG Limited (NASDAQ:GLNG) announced that it grew its net income attributable to shareholders by 29 perc Show less Read more
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