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Stock impact report

Golar LNG Limited preliminary fourth quarter and financial year 2019 results

Golar LNG Limited - Common Shares (GLNG) 
US:NASDAQ Investor Relations: golarlng.com/investors
Company Research Source: GlobeNewswire
Total operating revenues of $139 million for Q4 2019, cash generation ramping up Iain Ross, CEO, Golar LNG, said: "We are pleased to announce a strong 4Q result, with total operating revenue generation up $40.4 million to $139.0 million.  Comprising revenue from FLNG Hilli Episeyo, which delivered yet another quarter of 100% uptime, and shipping, which achieved a fleet Average daily TCE1 of $77,000 per day, the 41% improvement in operating revenues was driven by a seasonal upturn in shipping rates as well as an increased focus on charter coverage across the fleet.  Through a combination of fixed and floating rate charters, Golar has secured charter coverage for 62% of its 2020 available shipping days. The 1.55GW Sergipe power plant in Brazil, now in the final stages of hot commissioning, is on track, with scheduled commencement of operations towards the end of 1Q 2020.  All three turbines have been successfully tested and the plant is currently producing and selling power to the g Show less Read more
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