# EDGAR Filing Document

**Accession Number:** 0001207179
**File Stem:** 0001171843-23-000327
**Filing Date:** 2023-1
**Character Count:** 7987
**Document Hash:** 7d9aa48e65892f3f4eedfc26d8861833
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171843-23-000327.hdr.sgml**: 20230119

**ACCESSION NUMBER**: 0001171843-23-000327

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230119

**FILED AS OF DATE**: 20230119

**DATE AS OF CHANGE**: 20230119

**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:** 23536132

**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

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of January 2023**

Commission File Number: **000-50113**

**Golar LNG Limited**

(Translation of registrant's name into English)

**2nd Floor S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [ X ] &nbsp;&nbsp;&nbsp;&nbsp; Form 40-F [ ]

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>&nbsp;&nbsp;&nbsp;&nbsp;</u> 

**Note:** 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.

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>&nbsp;&nbsp;&nbsp;&nbsp;</u> 

**Note:** 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.

------

On January 19, 2023, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

[(c) Exhibit 99.1. Press release dated January 19, 2023](exh_991.htm)

------

**SIGNATURES**

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.

---

| | |
|:---|:---|
|  | <u>**&nbsp;&nbsp;&nbsp;&nbsp;Golar LNG Limited&nbsp;&nbsp;&nbsp;&nbsp;**</u> |
|  | (Registrant) |
| Date: January 19, 2023 | <u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Karl Fredrik-Staubo&nbsp;&nbsp;&nbsp;&nbsp;</u> |
|  | Karl Fredrik-Staubo |
|  | Chief Executive Officer |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**Unwind of majority of TTF hedges of 2023 and 2024 Dutch Title Transfer Facility exposure, locking in approximately $140 million of TTF linked EBITDA.**

Golar LNG Limited ("Golar") announces today that it has unwound the majority of its swap arrangements for its Dutch Title Transfer Facility ("TTF") linked production on the FLNG Hilli:

* **March-December 2023, securing approximately $76 million of Distributable adj. EBITDA:** 100% of TTF linked production unwound at $21.80/MMBtu leading to a net gain of $28.2/MMBtu, equivalent to Distributable Adjusted EBITDA of $76 million to be received in ten equal monthly installments through the period March-December 2023.

* **Full year 2024, securing approximately $49 million of Distributable adj. EBITDA:** 50% of TTF linked production unwound at $20.55/MMBtu leading to a net gain of $30.65/MMBtu, equivalent to Distributable Adjusted EBITDA of $49 million to be received in twelve equal monthly installments through 2024.

Golar's only remaining TTF hedges are January and February 2023, with an estimated Distributable Adjusted EBITDA of approximately $25 million, which includes Golar's share of TTF invoices for the same period (approximately $12.5m generated from the hedged price and physical production each). The total secured value from the TTF hedges entered into in Q3 2022 amounts to approximately $140 million, or approximately $1.3 in cash flow per share.

Golar maintains exposure to its TTF linked tariff for the FLNG Hilli, where 2023 earnings sensitivity is $2.7 million for every $1/MMBtu change in TTF, $3.2 million for every $1/MMBtu change in TTF for 2024-2025 and $1.7 million for every $1/MMBtu change in TTF from Jan-July 2026. At the current forward curve, this is equivalent to $47 million of Distributable Adjusted EBITDA for 2023 and $56 million for 2024.

Golar's share of Hilli Distributable Adjusted EBITDA is expected to be approximately:

* 2023: $282m This includes locked in TTF curves of $101 million, TTF linked earnings of $47 million based on 2023 TTF forward price of $20.8/MMBtu, and current Brent linked earnings of $67 million based on 2023 forward price at $84/bbl and base tariff of $67 million.

* 2024: $225m This includes locked in TTF curves of $49 million, TTF linked earnings of $56 million based on 2024 TTF forward price of $20.9/MMBtu, and current Brent linked earnings of $53 million based on 2024 forward price at $79/bbl and base tariff of $67 million.

Golar's share of expected annual debt service for *Hilli's* contractual debt is approximately $50 million (debt amortization of approximately $29 million and interest of approximately $21 million).

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management's current expectations, estimates and projections about its operations. 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 "may," "could," "should," "would," "expect," "plan," "anticipate," "intend," "forecast," "believe," "estimate," "predict," "propose," "potential," "continue," or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited 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.

Hamilton, Bermuda

January 19, 2023

Enquiries:

Golar Management Limited: + 44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act