GLNG Golar LNG Limited

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Golar LNG Limited (the “Company” or “Golar”) was incorporated in Hamilton, Bermuda on May 10, 2001 for the purpose of acquiring the liquefied natural gas (“LNG”) shipping interests of Osprey Maritime Limited, which was owned by World Shipholding Limited.

As used herein and unless otherwise required by the context, the terms “Golar”, the “Company”, “we”, “our” and words of similar import refer to Golar or any one or more of its consolidated subsidiaries, or to all such entities.

Our operations have evolved from LNG shipping, floating regasification, combined cycle gas fired power plants to our current focus on floating liquefaction operations. We design, construct, own and operate marine infrastructure for the liquefaction of natural gas and the regasification, storage and offloading of LNG. As of June 30, 2023, our fleet consists of two FLNGs, the Hilli Episeyo (otherwise referred to as “FLNG Hilli”) and the Gimi, which is currently completing conversion and commencing commissioning into a FLNG and two LNG carriers, the Golar Arctic (currently on charter) and the Gandria (classified as held for sale).

We are listed on the Nasdaq under the ticker: “GLNG”.

Basis of accounting

These unaudited consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated financial statements do not include all of the disclosures required under U.S. GAAP in annual consolidated financial statements, and should be read in conjunction with our audited consolidated annual financial statements for the year ended December 31, 2022, which are included in our annual report on Form 20-F for the fiscal year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission on March 31, 2023.

Significant accounting policies

The accounting policies adopted in the preparation of these unaudited consolidated financial statements for the six months ended June 30, 2023 are consistent with those followed in the preparation of our audited consolidated financial statements for the year ended December 31, 2022, except for those discussed below and disclosed in note 3.

Contingencies

We may, from time to time, be involved in various legal proceedings, claims, lawsuits and complaints that arise in the ordinary course of business. We will recognize a contingent liability in our financial statements if the contingency has occurred at the date of the financial statements and where we believe that the likelihood of loss was probable and the amount can be reasonably estimated. If we determine that the reasonable estimate of the loss is a range and there is no best estimate within the range, we will provide the lower amount within the range. A contingent gain is only recognized when the amount is considered realized or realizable. Legal costs are expensed as incurred.

Use of estimates

The preparation of financial statements requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of material contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

In assessing the recoverability of our vessels’ carrying amounts, we make assumptions regarding estimated future cash flows, estimates in respect of residual values, charter rates, vessel operating expenses and drydocking requirements.

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In relation to the oil derivative instrument (note 21), fair value is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the FLNG Hilli Liquefaction Tolling Agreement (“LTA”) with Perenco Cameroon S.A. and Société Nationale des Hydrocarbures (together, the “Customer”). The fair value of the gas derivative is determined using the estimated discounted cash flows of the additional payments due to us as a result of forecasted natural gas prices and forecasted Euro/U.S. Dollar exchange rates. Significant inputs used in the valuation of the oil and gas derivative instruments include an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets. The changes in fair value of our oil and gas derivative instruments are recognized in each period within “Realized and unrealized (loss)/gains on oil and gas derivative instruments” in the unaudited consolidated statement of operations (note 7).

Accrued overproduction revenue/(accrued underutilization adjustment) pursuant to the LTA is variable consideration that is estimated at each reporting date based upon certain estimates and assumptions. Our estimation of variable consideration includes an assessment of probability of producing the contracted capacity per given contract year, which considers an assessment of our expected operational performance (such as expected scheduled and unscheduled maintenance) and the expected operational performance of the Customer (such as delays in receipt of feedgas and offtake scheduling issues), application of the expected value method, determining if the estimated amount of variable consideration should be constrained and by what amount and our estimate of the expected tolling fee for the given contract year. The changes in our estimates of this variable consideration are recognized in “Liquefaction services revenue” and “Other operating income” (note 5) and “Underutilization liability” (note 19).

Adoption of new accounting standards

In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended by ASU 2021-01 Reference Rate Reform (Topic 848): Scope issued in January 2021 and ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 issued in December 2022. This guidance provides temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met, which are available for election until December 31, 2024. Amendments to certain contracts affected by reference rate reform have been entered into and we will continue to assess remaining amendments prospectively, applying the optional expedients where available, however we do not believe there will be a significant impact on our consolidated financial statements following adoption of the reference rate reform.

In October 2021, the FASB issued ASU 2021-08 Business Combinations (Topic 805) - Accounting for contract assets and contract liabilities from contracts with customers. We adopted this with effect from January 1, 2023. The adoption of ASU 2021-08 had no impact on our consolidated financial statements.

Accounting pronouncements that have been issued but not yet adopted

The following table provides a brief description of other recent accounting standards that have been issued but not yet adopted as of June 30, 2023:

Standard			Description			Date of Adoption			Effect on our Consolidated Financial Statements or Other Significant Matters
ASU 2022-03 Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions			This amendment is intended to reduce diversity in practice in the measurement of the fair value of equity securities subject to contractual sale restrictions. For entities that have investments in equity securities that are subject to contractual sale restrictions, the contractual restriction on the sale is not considered part of the unit of account of the equity security, is not considered when measuring fair value and additional disclosures are required. This amendment is required to be applied prospectively from date of adoption; early adoption is permitted.			January 1, 2024			No impact currently expected as a result of the adoption of this ASU.

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We operate three distinct reportable segments as follows:

•FLNG – This segment includes our operations of FLNG vessels or projects. We convert LNG carriers into FLNG vessels or build new FLNG vessels and subsequently charter them out to customers. We currently have one operational FLNG, the FLNG Hilli, and one completing conversion and commencing commissioning into a FLNG, the Gimi (note 15).

•Corporate and other – This segment includes our vessel management, FSRU services for third parties, administrative services to former affiliates and third parties and our corporate overhead costs.

•Shipping – This segment includes our operations of the transportation of LNG carriers.

A reconciliation of net (loss)/income to Adjusted EBITDA for the six months ended June 30, 2023 and 2022 is as follows:

(in thousands of $)			2023			2022
Net (loss)/income			(85,659)			696,552
Income taxes			1,697			148
(Loss)/income before income taxes			(83,962)			696,700
Depreciation and amortization			25,027			26,847
Impairment of long-lived assets (1)			5,021			76,155
Unrealized loss/(gain) on oil and gas derivative instruments (note 7)			191,657			(349,607)
Realized and unrealized mark-to-market losses/(gains) on investment in listed equity securities (note 8)			62,308			(295,048)
Other non-operating income, net (note 8)			(9,823)			(10,023)
Interest income			(23,318)			(954)
Interest expense			972			11,435
Gains on derivative instruments, net (note 9)			(2,297)			(47,877)
Other financial items, net (note 9)			1,375			3,584
Net losses/(income) from equity method investments (note 16)			296			(3,009)
Net (income)/loss from discontinued operations (note 11)			(293)			82,372
Adjusted EBITDA			166,963			190,575

(1) In May 2023, we entered into an Agreement for the sale and recycling of the Gandria (“Gandria SPA”) with Last Voyage, DMCC (the “Buyer”) for net consideration of $15.2 million, of which $2.3 million was received in advance in May 2023 (note 19). The Buyer agreed to purchase the Gandria (including vessel and onboard equipment) for demolition and recycling which will take place at a ship recycling facility in India. The Gandria SPA is expected to be completed on or before October 31, 2023. In late May 2023, the held for sale presentation criteria was met, and we reclassified the Gandria, previously in our FLNG segment as held-for-sale and remeasured the vessel and onboard equipment to lower of her carrying value and fair value less estimated costs to sell, recognizing an impairment charge of $5.0 million.

In May 2022, entry into a sale and purchase agreement (the “Arctic SPA”) with SNAM RETE Gas S.p.A (part of “Snam”) changed the expected recovery of Golar Arctic’s carrying amount from continued use in operations over her remaining useful life, to recovery from sale, and was considered an indicator of impairment. The revised future estimated cash flows were less than her carrying amount on June 30, 2022 and an impairment charge of $76.2 million was recognized, reflecting an adjustment to her fair value (based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market).

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			Six months ended June 30, 2023
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Total results from continuing operations
Statement of Operations:
Total operating revenues			116,594			24,044			10,860			151,498
Vessel operating expenses			(31,512)			(9,670)			(2,100)			(43,282)
Voyage, charterhire and commission expenses			(300)			(19)			(141)			(460)
Administrative (expenses)/income			(92)			(17,979)			9			(18,062)
Project development expenses			(2,237)			(34,713)			—			(36,950)
Realized gain on oil and gas derivative instruments, net (note 7)			103,903			—			—			103,903
Other operating income			2,499			7,817			—			10,316
Adjusted EBITDA			188,855			(30,520)			8,628			166,963
Net (losses)/income from equity method investments (note 16)			—			(2,610)			2,314			(296)

(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

Balance Sheet:			June 30, 2023
(in thousands of $)			FLNG			Corporate and other			Shipping			Segment assets from continuing operations			Assets held for sale			Total assets
Total assets			2,829,840			1,039,627			46,337			3,915,804			14,979			3,930,783
Equity method investments (note 16)			—			46,244			—			46,244			—			46,244

			Six months ended June 30, 2022
(in thousands of $)			FLNG			Corporate and other (1)			Shipping			Total results from continuing operations
Statement of Operations:
Total operating revenues			123,421			13,509			3,235			140,165
Vessel operating expenses			(29,153)			(3,228)			(3,819)			(36,200)
Voyage, charterhire and commission expenses			(300)			(50)			(1,109)			(1,459)
Administrative (expenses)/income			(29)			(20,176)			69			(20,136)
Project development (expenses)/income			(5,002)			1,451			—			(3,551)
Realized gain on oil and gas derivative instruments, net (note 7)			97,650			—			—			97,650
Other operating income			14,106			—			—			14,106
Adjusted EBITDA			200,693			(8,494)			(1,624)			190,575
Net income from equity method investments (note 17)			—			3,009			—			3,009

(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

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The following table represents a disaggregation of revenue earned from contracts with customers during the six months ended June 30, 2023 and 2022:

			Six months ended June 30,
(in thousands of $)			2023			2022
Base tolling fee (1)			102,251			102,251
Amortization of deferred commissioning period revenue (2)			2,043			2,043
Amortization of Day 1 gains (3)			6,219			16,286
Accrued overproduction revenue/(accrued underutilization adjustment) (4)			4,074			620
Incremental base tolling fee (5)			2,500			2,500
Other (6)			(493)			(279)
Liquefaction services revenue (9)			116,594			123,421
Management fees revenue (7)			10,114			13,509
Service revenue (8)			13,798			—
Other revenues			132			—
Vessel management fees and other revenues (9)			24,044			13,509

(1) The LTA bills at a base rate in periods when the oil price is $60 or less per barrel and at an increased rate when the oil price is greater than $60 per barrel. The oil price above the base rate is recognized as a derivative and included in “Realized and unrealized (loss)/gain on oil and gas derivative instruments” in the unaudited consolidated statements of operations (note 7).

(2) Customer billing during the commissioning period, prior to vessel acceptance and commencement of the contract term was deferred (notes 19 and 20) and recognized evenly over the contract term.

(3) Day 1 gain results from amount established on the initial recognition of the FLNG Hilli’s oil derivative instrument embedded in the LTA and the FLNG Hilli’s gas derivative instruments pursuant to the third amendment to the LTA (“LTA Amendment 3”) (notes 19 and 20). These amounts were deferred on initial recognition and amortized evenly over the contract term.

(4) In March 2021, we signed an agreement with the Customer (“LTA Amendment 2”), to change the contract term from one linked to fixed capacity of 500.0 billion cubic feet to one of a fixed term, terminating on July 18, 2026. This amendment also permits billing adjustments for amounts over or under the annual contracted capacity in a given contract year (“overproduction” or “underutilization”, respectively), commencing from the 2019 contract year. Amounts for overproduction were invoiced at the end of a given contract year, while amounts for underutilization (which is capped per contract year) will be a reduction against our final invoice to the Customer at the end of the LTA in July 2026. Pursuant to LTA Amendment 2, we have billed and recognized overproduction revenue in relation to excess production over contracted annual base capacity during contract years 2020 and 2021. LTA Amendment 4 was approved and considered a contract modification pursuant to ASC 606 Revenue from Contracts with Customers during the three months ended March 31, 2023. Pursuant to the fourth amendment to the LTA (“LTA Amendment 4”), we have agreed with our Customer to increase contract year 2023 annual contracted capacity by 0.04 million tons (from 1.4 million tons to 1.44 million tons) resulting from the inclusion of contract year 2022 underutilization into contract year 2023 annual LNG production. To the extent that the increased 2023 contracted capacity of LNG is produced during the year, the 2022 underutilization will be offset against 2023 increased production and no underutilization for contract year 2023 will result. However, if the increased 2023 contracted capacity of LNG is not produced during the year, any underutilization will continue to be treated as a reduction against our final invoice to the Customer at the end of the LTA in July 2026 as per LTA Amendment 2. For the six months ended June 30, 2023, we assessed the probability of our production of the contracted 1.44 million tons for contract year 2023 and concluded that it was probable. We estimated how much of this 1.44 million tons was produced during the six months ended June 30, 2023 and offset a pro-rata amount of $6.6 million against the underutilization liability recognized as of December 31, 2022 for 2022 underutilization (note 19) and an offsetting increase to estimated overproduction variable consideration which is bifurcated between “Liquefaction services revenue” and “Other operating income” line items in the consolidated statements of operations, amounting to $4.1 million and $2.5 million, respectively.

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(5) In 2021, we entered into LTA Amendment 3 which increased the annual capacity utilization of FLNG Hilli by 0.2 million tons of LNG, for the 2022 contract year. In July 2022, the Customer exercised its option pursuant to LTA Amendment 3 for 0.2 million (out of 0.4 million tons) from January 2023 to the end of the LTA in July 2026. The combined effect results in annual contracted base capacity of 1.4 million tons of tons of LNG from January 1, 2022 to the end of the LTA. The tolling fee is linked to TTF and the Euro/U.S. Dollar foreign exchange movements. The contractual floor rate is recognized in “Liquefaction services revenue” and the tolling fee above the contractual floor rate is recognized as a derivative in “Realized and unrealized (loss)/gain on oil and gas derivative instruments,” in the unaudited consolidated statements of operations (note 7).

(6) “Other” comprised of: (i) accrued demurrage costs of $0.2 million and $nil for the six months ended June 30, 2023 and 2022, respectively, which we recognized in the period in which the delay occurred; and (ii) unwinding of deferred liquidated damages recognized prior to the commencement of the contract, evenly released over the LTA contract term, of $0.3 million and $0.3 million for the six months ended June 30, 2023 and 2022.

(7) Comprised of ship management, administrative and vessel operation and maintenance services. We entered into several agreements to provide ship management and administrative services to external customers. We also entered into a FSRU Operation and Services Agreement with a subsidiary of Snam for the Golar Tundra, pursuant to which we are required to provide FSRU operating and maintenance services in exchange for various payments.

(8) In August 2022, we entered into a development agreement with Snam to provide drydocking, site commissioning and hook-up services for the Golar Tundra (the “Development Agreement”), which it acquired from us in May 2022. The Development Agreement includes contractual fixed payments recognized over the period of time that we provide the services to Snam. We assessed this to be a single performance obligation to the customer that is satisfied over time (from the period of entry into the agreement to delivery of the fully commissioned FSRU to our customer), with progress over time measured using an input method of recognition based on our efforts expended over the contract term, reflecting our past experience with comparable projects for our owned vessels, as determined using hours expended by our project team. As of June 30, 2023, we completed the Development Agreement and recognized services revenue and an associated contract asset of $13.8 million and $7.5 million, respectively. There was no comparable revenue recognized for the same period in 2022.

(9) Liquefaction services revenue is included under our “FLNG” segment while vessel management fees and other revenues under our “Corporate and other” segment.

Contract Assets and Liabilities

The following table represents our contract assets and liabilities balances as of:

(in thousands of $)			June 30, 2023			December 31, 2022
Contract assets (1)			27,835			21,297
Current contract liabilities (1) (2)			(35,779)			(8,398)
Non-current contract liabilities (2) (3)			(8,353)			(54,018)
Total contract liabilities (4)			(44,132)			(62,416)

(in thousands of $)			June 30, 2023			December 31, 2022
Opening contract liability balance			(62,416)			(18,736)
Deferral of revenue (5)			(2,325)			(62,223)
Recognition of unearned revenue (1) (2)			12,793			18,543
Recognition of deferred revenue (3)			7,816			—
Closing contract liability balance			(44,132)			(62,416)

(1) As of June 30, 2023 and December 31, 2022, we recognized a contract asset of $7.5 million and current contract liability of $4.2 million, respectively, in relation to the Development Agreement.

(2) Due to a production shortfall of the FLNG Hilli for the 2022 contract year, we recognized a non-current contract liability for this underutilization of $35.8 million as of December 31, 2022 (note 20). As further discussed in footnote 4 to our revenue disclosure presented above, we reduced our underutilization liability by $6.6 million to $29.2 million and we reclassified the balance from non-current (note 20) to current (note 19) reflecting our expectation that this amount will be recovered from increased LNG production in the 2023 contract year.

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(3) Pursuant to the Arctic SPA, upon receipt of a notice to proceed, we will convert LNG carrier Golar Arctic to a FSRU which will lead to her eventual sale to Snam. The Arctic SPA includes contractual fixed payments (recognized over the period of time that we provide the services to Snam) and as of December 31, 2022, we recognized a non-current contract liability of $7.8 million. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed and in accordance with the Arctic SPA, we retained and recognized the first advance payment and presented in “Other operating income” in the unaudited consolidated statements of operations (note 20).

(4) Included within “Total contract liabilities” is the deferred commissioning revenue in relation to the FLNG Hilli of $12.6 million as of June 30, 2023 (December 31, 2022: $14.6 million) (note 19 and 20). We expect to recognize liquefaction services revenue related to the partially unsatisfied performance obligation at the reporting date evenly over the remaining LTA contract term of three years, including the components of transaction price described above.

Basic (loss)/earnings per share “(LPS)/EPS” is calculated with reference to the weighted average number of common shares outstanding during the period.

The components of the numerator for the calculation of basic and diluted (LPS)/EPS are as follows:

			Six months ended June 30,
(in thousands of $)			2023			2022
Net (loss)/income net of non-controlling interests - continuing operations - basic and diluted			(106,701)			665,792
Net income/(loss) net of non-controlling interests - discontinued operations - basic and diluted			293			(90,578)

The components of the denominator for the calculation of basic and diluted (LPS)/EPS are as follows:

			Six months ended June 30,
(in thousands of $)			2023			2022
Basic:
Weighted average number of common shares outstanding			107,337			108,125
Dilutive:
Dilutive impact of share options and RSUs (1)			618			407
Weighted average number of common shares outstanding			107,955			108,532

(LPS)/EPS per share are as follows:

			Six months ended June 30,
			2023			2022
Basic (LPS)/EPS from continuing operations			$	(0.99)		$	6.16
Diluted (LPS)/EPS from continuing operations (1)			$	(0.99)		$	6.13
Basic and diluted LPS from discontinued operations			$	0.00		$	(0.84)

(1) The effects of stock awards have been excluded from the calculation of diluted (LPS)/EPS from continuing operations for the six months ended June 30, 2023 because the effects were anti-dilutive.

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The realized and unrealized (loss)/gain on the oil and gas derivative instruments is comprised of the following:    

			Six months ended June 30,
			2023			2022
Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives			42,066			(8,134)
Realized gain on FLNG Hilli’s oil derivative instrument			36,156			50,102
Realized gain on FLNG Hilli’s gas derivative instrument			25,681			55,682
Realized gain on oil and gas derivative instruments, net			103,903			97,650
Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 17)			(94,642)			194,632
Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 17)			(74,840)			169,293
Unrealized MTM adjustment on commodity swap derivatives			(22,175)			(14,318)
Unrealized (loss)/gain on oil and gas derivative instruments			(191,657)			349,607
Realized and unrealized (loss)/gain on oil and gas derivative instruments (note 21)			(87,754)			447,257

The realized (loss)/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 respective LTA amendments, whereas the unrealized gain/(loss) on oil and gas derivative instruments results from movements in forecasted oil and natural gas prices and Euro/U.S. Dollar exchange rates.

Other non-operating (losses)/income is comprised of the following:

			Six months ended June 30,
			2023			2022
Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1)			(62,308)			295,048
Dividend income from our investment in listed equity securities			9,823			6,918
UK tax lease liability (2)			—			3,105
Other non-operating (losses)/income			(52,485)			305,071

(1) “Investment in listed equity securities,” included in balance sheet line-item “Other current assets” (note 14), relates to our equity holding in New Fortress Energy Inc (“NFE”) of nil and 5.3 million shares of Class A NFE common shares (“NFE Shares”) as of June 30, 2023 and December 31, 2022, respectively. During the six months ended June 30, 2023 and 2022, we recognized $62.3 million realized MTM losses and $295.0 million unrealized MTM gains, respectively.

In the six months ended June 30, 2023, we sold 1.2 million of our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate consideration of $45.6 million. On March 15, 2023, we also disposed of our remaining 4.1 million NFE Shares that were applied as partial consideration for the repurchase of 1,230 common units in Golar Hilli LLC “Hilli LLC” from NFE, which NFE acquired pursuant to the sale of our investment in Golar LNG Partners LP (“Golar Partners”) to NFE in April 2021 (note 12.2). Following these transactions, we no longer hold any listed equity securities. In the six months ended June 30, 2022, we sold 6.2 million of NFE Shares at a price of $40.80 per share for an aggregate consideration of $253.0 million.

(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.

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Gains on derivative instruments, net is comprised of the following:

(in thousands of $)			Six months ended June 30,
			2023			2022
Net interest income/(expense) on undesignated interest rate swap (“IRS”) derivatives			3,750			(1,705)
Unrealized MTM adjustment for IRS derivatives			(1,453)			49,582
Gains on derivative instruments, net			2,297			47,877

Other financial items, net is comprised of the following:

(in thousands of $)			Six months ended June 30,
			2023			2022
Foreign exchange (loss)/gain on operations			(1,427)			1,168
Financing arrangement fees and other related costs			(799)			(5,964)
Amortization of debt guarantees			1,034			1,341
Others			(183)			(129)
Other financials items, net			(1,375)			(3,584)

Rental income

The components of operating lease income were as follows:

			Six months ended June 30,
(in thousands of $)			2023			2022
Operating lease income			10,860			2,408
Variable lease income (1)			—			827
Total operating lease income (2)			10,860			3,235

(1) “Variable lease income” is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases.

(2) Total operating lease income is presented in the unaudited consolidated statement of operations line item “Time and voyage charter revenues.”

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The net income/(loss) from discontinued operations for the six months ended June 30, 2023 and 2022 are as follows:

			2023
(in thousands of $)			CoolCo			TundraCo (1)			Total
Net income from discontinued operations			293			—			293

			2022
(in thousands of $)			CoolCo			TundraCo (1)			Total
Loss from discontinued operations			(194,912)			(699)			(195,611)
(Loss)/gain on disposal			(10,060)			123,299			113,239
Net (loss)/income from discontinued operations			(204,972)			122,600			(82,372)

(1) On May 31, 2022, we completed the sale of our subsidiary Golar LNG NB 13 Corporation, owner of the FSRU Golar Tundra and recognized a gain on disposal of $123.2 million which comprised of (i) cash proceeds received of $352.5 million, (ii) partially offset by the net asset value of Golar LNG NB 13 Corporation of $229.0 million and (iii) related fees incurred in relation to disposal of $0.3 million.

11.1 The CoolCo Disposal

The disposals of Cool Company Ltd (“CoolCo” and the “CoolCo Disposal”) closed in stages from March 3, 2022 to June 30, 2022. As of June 30, 2022, we recognized a loss on disposal of $10.1 million in relation to the subsidiaries disposed, comprised of carrying values of the assets and liabilities disposed of $355.4 million, partially offset by the proceeds received of $218.2 million cash consideration and 12.5 million shares of CoolCo valued at $127.1 million (based on the respective share price on the phased completion dates).

In November 2022, CoolCo and us agreed for CoolCo to acquire our vessel operations in Malaysia. Consequently, the associated assets and liabilities of our Malaysia vessel operations were classified as held-for-sale and qualified as a discontinued operation. As such, we have retrospectively reclassified the results as “Net income/(loss) from discontinued operations.” In May 2023, the sale was completed and we recognized a gain on disposal of $27.0 thousand.

Our continuing involvement with the discontinued operations for the six months ended June 30, 2023 and 2022, includes:

•our equity method investment in CoolCo until March 2, 2023 (note 16);

•$0.5 million and $0.3 million financial guarantees fees, respectively, with respect to the debt assumed by CoolCo related to the Golar Kelvin and Golar Ice of $193.8 million, in place until the earlier of the repayment of the vessel debt by CoolCo or until release by the lessors;

•$1.4 million and $1.2 million management and administrative services revenue, respectively, for the provision of IT services, routine accounting services, treasury services, finance operation services, and any additional services reasonably required pursuant to the CoolCo Administrative Services Agreement (“CoolCo ASA”). The CoolCo ASA ended on June 30, 2023;

•$nil and $2.0 million net expenses, respectively, relating to the CoolCo’s vessels participation in the Cool Pool arrangement. We exited this pooling arrangement in November 2022;

•$1.0 million and $nil ship management fee expense, respectively, for CoolCo’s management of our LNG carrier Golar Arctic, and our contractual vessel management obligations for Golar Tundra and LNG Croatia for the six months ended June 30, 2023. There was no comparable expense in the same period in 2022; and

•$0.1 million and $nil administrative services expense, for CoolCo’s provision of IT and finance services to us pursuant to our short term CoolCo Administrative Services Agreement entered into in May 2023.

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12.1 Lessor VIEs

As of June 30, 2023, we leased one (December 31, 2022: one) vessel from a VIE as part of a sale and leaseback agreement.

As discussed in note 11, during the six months ended June 30, 2022, the CoolCo Disposal resulted in the disposal of our subsidiaries, including the disponent owners of seven vessels that were subject to these sale and leaseback agreements (Golar Seal, Golar Crystal, Golar Bear, Golar Glacier, Golar Snow, Golar Ice and Golar Kelvin). Consequently, this resulted in the deconsolidation of the lessor VIEs associated with the seven vessels.

Our continuing lessor VIE as of June 30, 2023, is with a China State Shipbuilding Corporation entity (“CSSC entity”). The CSSC entity is a wholly-owned, special purpose vehicle. In this transaction, we sold our vessel, the FLNG Hilli and then subsequently leased back the vessel on a bareboat charter for an initial term of ten years. In June 2023, we entered into the fourth side letter to FLNG Hilli’s sale and leaseback facility which amended the reference rate to a Secured Overnight Financing Rate (“SOFR”) from London Interbank Offered Rate (“LIBOR”), reduced the margin and extended the tenor of the facility by 5 years to 2033. These amendments did not impact our total bareboat obligations. We still have options to repurchase the vessel at a fixed predetermined amount during its charter period and an obligation to repurchase the vessel at the end of the vessel’s lease period. 

 

A summary of our payment obligations (excluding repurchase options and obligations) under the bareboat charter with the lessor VIE as of June 30, 2023, is shown below:

(in thousands of $)			2023 (1)			2024			2025			2026			2027			2028+
Hilli (2)			42,488			82,890			79,943			76,996			74,133			340,482

(1) For the six months ending December 31, 2023.

(2) The payment obligations above include variable rental payments due under the lease based on an assumed SOFR plus margin.

The assets and liabilities of the lessor VIE that most significantly impact our unaudited consolidated balance sheet as of June 30, 2023 and December 31, 2022, are as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Assets
Restricted cash and short-term deposits			18,804			21,691
Liabilities
Debt:
Current portion of long-term debt and short-term debt (1)			(314,683)			(337,547)
Long-term debt (1)			(121,021)			(156,563)
			(435,704)			(494,110)

(1) Where applicable, these balances are net of deferred finance charges.

The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows:

(in thousands of $)			2023			2022
Continuing operations
Statement of operations
Interest expense			5,273			2,878
Statement of cash flows
Net debt repayments			(52,359)			(50,570)

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(in thousands of $)			2023			2022
Financing costs paid			(3,150)			—
Discontinued operations
Statement of operations
Interest expense			—			3,814

12.2    Golar Hilli LLC

Hilli LLC owns Golar Hilli Corp. (“Hilli Corp”), the disponent owner of FLNG Hilli. The ownership interests in Hilli LLC are represented by three classes of units: the Hilli Common Units, the Series A Special Units and the Series B Special Units. In July 2018, we and affiliates of Keppel Shipyard Limited (“Keppel”) and Black & Veatch Corporation (“B&V”) completed the sale of 1,230 Hilli Common Units to our former affiliate, Golar Partners. We are the managing member of Hilli LLC and are responsible for all operational, management and administrative decisions relating to Hilli LLC’s business. We have retained sole control over the most significant activities and the greatest exposure to variability in residual returns and expected losses from the FLNG Hilli and, as a result, we concluded that Hilli LLC is a VIE, that we are the primary beneficiary and that we consolidate both Hilli LLC and Hilli Corp. The ownership interests in Hilli LLC held by Keppel, B&V and Golar Partners are considered non-controlling interests. The July 2018 disposal of the non-controlling interests in Hilli LLC represented a decrease in our ownership interest in Hilli LLC while control is retained and this disposal was considered an equity transaction. In April 2021, we sold Golar Partners to NFE, which included its 1,230 Hilli Common Units.

On March 15, 2023, we repurchased the 1,230 Hilli Common Units, held by Golar Partners from NFE in exchange for payment of $100.0 million cash, our 4.1 million NFE Shares with a fair value of $116.9 million and our assumption of distribution rights to these 1,230 Hilli Common Units for the period from January 1 to March 15, 2023 (which NFE waived) with a fair value of $3.9 million (the “Hilli Buyback”).

The Hilli Buyback is a reacquisition of a non-controlling interest in Hilli LLC, a consolidated VIE. We reconsidered whether Hilli LLC is a VIE and concluded that following the Hilli Buyback, we continue to have a variable interest in Hilli LLC, Hilli LLC remains a VIE, we remain the primary beneficiary and continue to consolidate Hilli LLC. The Hilli Buyback represents an increase in our ownership interest in Hilli LLC while control is retained and this reacquisition is considered an equity transaction. A loss of $251.2 million for the Hilli Buyback is recorded in equity.

Following the Hilli Buyback and as of June 30, 2023, the ownership structure of Hilli LLC is as follows:

			Percentage ownership interest
			Hilli Common Units			Series A Special Units			Series B Special Units
Golar LNG Limited			94.6		%	89.1		%	89.1		%
Keppel			5.0		%	10.0		%	10.0		%
B&V			0.4		%	0.9		%	0.9		%

Summarized financial information of Hilli LLC

The assets and liabilities of Hilli LLC (1) that most significantly impact our unaudited consolidated balance sheet are as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Balance sheet
Current assets			62,666			105,738
Non-current assets			1,287,528			1,481,722
Current liabilities			(390,197)			(381,131)
Non-current liabilities			(160,715)			(240,146)

(1) As Hilli LLC is the primary beneficiary of the lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE.

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The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows:

(in thousands of $)			2023			2022
Statement of operations
Liquefaction services revenue			116,594			123,421
Realized and unrealized gain on oil and gas derivative instruments			(87,754)			447,257
Statement of changes in equity
Additional paid-in capital			(251,249)			—
Non-controlling interest			35,644			—
Statement of cash flows
Reacquisition of common units in Hilli LLC			(100,047)			—
Net debt repayments			(52,359)			(50,570)
Financing costs paid			(3,150)			—
Cash dividends paid			(17,842)			(25,305)

12.3    Gimi MS Corporation

Following the closing of the sale of 30% of the common shares of Gimi MS Corporation (“Gimi MS”) to First FLNG Holdings in April 2019, we have determined that (i) Gimi MS is a VIE and (ii) we are the primary beneficiary and retain sole control over the most significant activities and the greatest exposure to variability in residual returns and expected losses from the Gimi. Thus, Gimi MS continues to be consolidated into our financial statements.

Summarized financial information of Gimi MS

The assets and liabilities of Gimi MS that most significantly impact our unaudited consolidated balance sheet are as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Balance sheet
Current assets			23,050			12,460
Non-current assets			1,369,738			1,195,725
Current liabilities			(62,178)			(10,666)
Non-current liabilities			(603,302)			(516,298)

The most significant impact of Gimi MS VIE’s operations on our unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows:

			Six months ended June 30,
(in thousands of $)			2023			2022
Statement of cash flows
Additions to asset under development			138,102			175,230
Capitalized financing costs			(1,156)			(2,080)
Net debt receipts			85,000			125,000
Proceeds from subscription of equity interest			21,118			11,270

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Our restricted cash and short-term deposits balances are as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Restricted cash in relation to the FLNG Hilli (1)			60,973			60,952
Restricted cash in relation to the Golar Arctic performance guarantee (2)			39,691			38,822
Restricted cash and short-term deposits held by lessor VIE (3)			18,804			21,691
Restricted cash in relation to the LNG Croatia (4)			11,772			11,504
Restricted cash relating to office lease			979			1,074
Total restricted cash and short-term deposits			132,219			134,043
Less: Amounts included in current restricted cash and short-term deposits			(58,495)			(21,693)
Non-current restricted cash			73,724			112,350

(1) In November 2015, in connection with the issuance of a $400 million letter of credit (“LC”) by a financial institution to the Customer, we recognized an initial cash collateral of $305.0 million to support the FLNG Hilli performance guarantee. Under the provisions of the LC, the terms allow for a stepped reduction in the value of the guarantee over time and a corresponding reduction to the cash collateral requirements. In May 2021, the FLNG Hilli had achieved 3.6 million tons of LNG production, reducing the LC to $100.0 million and the cash collateral to $61.0 million as of June 30, 2023.

(2) In connection with the Arctic SPA, we were required to provide a performance guarantee of €26.9 million and advance repayment guarantees totaling €163.9 million, which corresponds to the three installment payments from Snam. The performance guarantee and the first of three advance repayment guarantee of $30.2 million (€26.9 million) and $9.0 million (€8.1 million), respectively, secure our contractual and performance obligations of the conversion of the Golar Arctic. As of June 30, 2023, Snam’s option to exercise the notice to proceed lapsed, rendering the Arctic SPA terminated. At June 30, 2023, the process of releasing the cash collaterals is in progress, which process is expected to be complete within 2-3 months. Consequently, restricted cash was reclassified from non-current to “Restricted cash and short-term deposits” on the unaudited consolidated balance sheet.

(3) These are amounts held by lessor VIE that we are required to consolidate under U.S. GAAP into our financial statements as a VIE (note 12).

(4) In connection with the LNG Hrvatska O&M Agreement, we are required to maintain two performance guarantees, one in the amount of €9.3 million and one in the amount of $1.3 million, both of which will remain restricted throughout the 10-year term until December 2030.

Other current assets consist of the following:

(in thousands of $)			June 30, 2023			December 31, 2022
MTM asset on TTF linked commodity swap derivatives (note 21)			44,628			73,583
Receivable from TTF linked commodity swap derivatives			7,581			4,638
MTM asset on IRS derivatives (note 21)			5,557			—
Interest receivable from money market deposits and bank accounts			4,950			3,617
Prepaid expenses			3,319			2,760
Receivable from IRS derivatives			2,461			1,923
Investment in listed equity securities (notes 8 and 12)			—			224,788
Other receivables			4,166			3,925
Other current assets			72,662			315,234

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15.1. Gimi conversion financing

The aggregate conversion cost including financing costs is approximately $1.6 billion of which $700.0 million is funded by the Gimi facility (note 18). As of June 30, 2023, the estimated timing of the outstanding payments is as follows:

(in thousands of $)
Period ending December 31,
2023 (1)			214,431
2024			183,057
Total			397,488

(1) For the six months ending December 31, 2023.

15.2. Gimi LOA

In February 2019, we entered into a Lease and Operate Agreement (which was subsequently amended and restated in September 2021) with BP Mauritania Investments Limited (“BP”), Gimi MS and our subsidiary Golar MS Operator S.A.R.L. (the “LOA”).

The LOA provides for the construction and conversion of Gimi to a FLNG, transit, mooring and connection to BP’s project infrastructure, commissioning with BP’s upstream facilities including its floating production, storage and offloading vessel, completing specified acceptance tests, followed by the commencement of commercial operations (“COD”). Following COD, we will operate and maintain FLNG Gimi and make her capacity exclusively available for the liquefaction of natural gas from the Greater Torture/Ahmeyim (“GTA”) Project and offloading of LNG produced for a period of twenty years.

Pursuant to the LOA, we and BP are required to meet various delivery schedules and delays result in contractual prepayments between the parties in advance of COD (note 15.3). Post COD, the contractual dayrate is comprised of capital and operating elements.

As of June 30, 2023, the FLNG Gimi is 95% technically complete. The yard departure date for FLNG Gimi has been postponed from the first half of 2023 to Q3 2023 to allow for vessel completion and testing and a greater proportion of commissioning works to be performed in Singapore where requisite skills and resources are more accessible. The updated sail away timing is not expected to impact first feed gas on the GTA Project. As a result of project delays, pre-commissioning contractual cash flows under the LOA have started. A LOA contract interpretation dispute regarding parts of these pre-commissioning contractual cash flows currently exists between BP and Golar, regarding payments due from BP to Golar as a result of the delays previously announced in 2020 related to force majeure claims. The dispute does not impact the wider execution of the 20 years GTA Project.

15.3. Gimi LOA prepayments

As of June 30, 2023, Gimi MS has recognized $25.4 million of pre-commissioning contractual cash flows due to BP pursuant to the LOA. Given the complexity and interdependencies of the activities required during the project mobilization and commissioning leading to COD, it is difficult for us to reasonably estimate eventual net payments/receipts. We expect any net payments/receipts in advance of COD to be insignificant in the context of the cash flows we expect to generate over the term of the LOA.

A LOA contract interpretation dispute regarding certain of these contractual prepayments exists. As of June 30, 2023, Gimi MS is due $22.1 million of Project Delay Payment (“PDPs”) from BP pursuant to the LOA. Gimi MS has followed the dispute resolution provisions included in the LOA however as of June 30, 2023, the dispute remains unresolved. We have considered the contractual PDPs receivable from BP as a contingent gain and have not recognized such amount as an asset. Any amount we may recover will not be reflected in our unaudited consolidated financial statements until such time as the PDPs contractual dispute has been resolved and amount is realized or realizable (note 24).

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			Six months ended June 30,
(in thousands of $)			2023			2022
Share of net losses of Avenir			(2,879)			(2,537)
Share of net income of CoolCo			1,491			5,390
Share of net income of other equity method investments			269			156
Gain on disposal of CoolCo (1)			823			—
Net (losses)/income from equity method investments			(296)			3,009

The carrying amounts of our equity method investments as of June 30, 2023 and December 31, 2022 are as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Avenir			39,095			41,790
CoolCo (1)			—			55,439
Others (2)			7,149			6,879
Equity method investments			46,244			104,108

(1) In March 2023, we sold 4.5 million of our CoolCo shares at NOK 130/$12.60 per share for net consideration of $56.1 million, inclusive of $0.1 million fees. As of June 30, 2023, following the sale of our CoolCo shares, we retain one common share in CoolCo which is required by, covenants relating to the guarantees which we provide to CoolCo. The gain on disposal of $0.8 million is included in the unaudited consolidated statement of operations line-item “Net income/(losses) from equity method investments.”

(2) “Others” refers to our equity method investments in Egyptian Company for Gas Services S.A.E and Aqualung Carbon Capture.

Other non-current assets are comprised of the following:

(in thousands of $)			June 30, 2023			December 31, 2022
Oil derivative instrument (note 21)			107,955			182,795
Gas derivative instrument (note 21)			101,542			196,184
MTM asset on IRS derivatives (note 21)			47,960			54,970
MTM asset on TTF linked commodity swap derivatives (note 21)			46,565			39,785
Operating lease right-of-use-assets (1)			8,252			5,653
Others (2)			143,412			32,652
Other non-current assets			455,686			512,039

(1) Operating lease right-of-use-assets mainly comprise of our office leases.

(2) Included within “Others” as of June 30, 2023 and December 31, 2022 are pre-commissioning contractual cash flows in relation to the Gimi LOA of $25.4 million and $nil, and capitalized engineering costs, long lead items and deposit for a donor vessel of $38.0 million, $59.8 million and $15.5 million; and $16.7 million, $10.4 million and $nil, in relation to our MKII FLNG project, respectively (note 23).

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As of June 30, 2023 and December 31, 2022, our debt was as follows:

(in thousands of $)			June 30, 2023			December 31, 2022
Gimi facility (note 15.1)			(620,000)			(535,000)
Unsecured Bonds			(138,706)			(159,029)
Golar Arctic facility			(18,237)			(21,884)
Subtotal (excluding lessor VIE debt)			(776,943)			(715,913)
CSSC VIE debt - FLNG Hilli facility (1)			(442,007)			(494,366)
Total debt (gross)			(1,218,950)			(1,210,279)
Less: Deferred financing costs (2)			29,672			20,955
Total debt, net of deferred financing costs			(1,189,278)			(1,189,324)

At June 30, 2023, our debt, net of deferred financing costs, is broken down as follows:

			Golar debt			VIE debt (1)			Total debt
(in thousands of $)
Current portion of long-term debt and short-term debt			(7,245)			(314,683)			(321,928)
Long-term debt			(746,329)			(121,021)			(867,350)
Total			(753,574)			(435,704)			(1,189,278)

(1) These amounts relate to a certain lessor entity (for which legal ownership resides with a financial institution) that we are required to consolidate into our financial statements as a VIE (note 12).

(2) In June 2023, we executed an amendment to the terms of our $300 million senior unsecured bonds (“Unsecured Bonds”), effective from May 25, 2023 and paid a one-off fee of $5.2 million to bondholders which has been deferred and amortized over the remaining term of the Unsecured Bonds (see below).

In June 2023, we entered into the fourth side letter for FLNG Hilli’s sale and leaseback facility, incurring total fees of $6.3 million which has been deferred and amortized over the remaining term of the sale and leaseback facility (note 12).

Unsecured Bonds

In March 2023, we repurchased $4.5 million of the Unsecured Bonds at 99.75% of par for a total consideration of $4.6 million, inclusive of accrued interest up to March 22, 2023 of $0.1 million and recognized a loss on extinguishment of $44.4 thousand in “Other financial items, net” in the unaudited consolidated statement operations. In April 2023, we repurchased a further $15.9 million of the Unsecured Bonds at 100.4% of par for a total consideration of $16.5 million, inclusive of accrued interest up to April 4, 2023 of $0.5 million and recognized a loss on extinguishment of $0.3 million in “Other financial items, net” in the unaudited consolidated statement operations. These repurchases did not result in an amendment to the terms of the remaining outstanding Unsecured Bonds.

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Other current liabilities is comprised of the following:

(in thousands of $)			June 30, 2023			December 31, 2022
Underutilization liability (note 5)			(29,233)			—
Day 1 gain deferred revenue - current portion (1) (note 20)			(12,783)			(12,783)
Deferred revenue			(4,220)			(6,080)
Current portion of operating lease liability			(989)			(1,328)
Demurrage cost (note 5)			(288)			(1,608)
Contract liability (note 5)			(2,325)			(4,177)
Other payables			(9,688)			(1,469)
Other current liabilities			(59,526)			(27,445)

(1) Current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 5). As of June 30, 2023, the Day 1 gain deferred revenue - current portion relating to FLNG Hilli’s oil and gas derivative instruments is $10.0 million and $2.8 million, respectively (December 31, 2022: $10.0 million and $2.8 million).

Other non-current liabilities is comprised of the following:

(in thousands of $)			June 30, 2023			December 31, 2022
Day 1 gain deferred revenue (1)			(25,501)			(31,720)
Pension obligations			(23,459)			(24,269)
Deferred commissioning period revenue (2)			(8,353)			(10,396)
Non-current portion of operating lease liabilities			(6,614)			(3,587)
Golar Arctic’s contract liability (3)			—			(7,816)
Underutilization liability (note 5)			—			(35,806)
Other payables (4)			(6,970)			(6,834)
Other non-current liabilities			(70,897)			(120,428)

(1) Non-current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 7). As of June 30, 2023, the non-current portion of the Day 1 gain deferred revenue relating to FLNG Hilli’s oil and gas derivative instruments is $19.7 million and $5.8 million, respectively (December 31, 2022: $24.5 million and $7.2 million).

(2) The Customer’s billing during the commissioning period, prior to vessel acceptance and commencement of the LTA, which is considered an upfront payment for services. These amounts billed are recognized as part of “Liquefaction services revenue” in the unaudited consolidated statements of operations evenly over the LTA contract term, with this commencing on the Customer’s acceptance of the FLNG Hilli. The current portion of deferred commissioning period billing is included in “Other current liabilities” (note 19).

(3) “Golar Arctic’s contract liability” represents the first advance payment received from Snam in relation to the Arctic SPA. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed. In accordance with the Arctic SPA, we retain the first advance payment (note 5).

(4) Included in “Other payables” as of June 30, 2023 and December 31, 2022 is an asset retirement obligation of $5.8 million and $5.7 million, respectively. The corresponding mooring asset of $4.7 million is recorded within “Vessels and equipment, net” in the unaudited consolidated balance sheets.

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Fair values

We recognize our fair value estimates using a fair value hierarchy based on the inputs used to measure fair value. The fair value hierarchy has three levels based on reliability of inputs used to determine fair value as follows:

Level 1: Quoted market prices in active markets for identical assets and liabilities.

Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data

Level 3: Unobservable inputs that are not corroborated by market data.

The carrying values and estimated fair values of our financial instruments at June 30, 2023 and December 31, 2022 are as follows:

						June 30, 2023						December 31, 2022
(in thousands of $)			Fair value hierarchy			Carrying value			Fair value			Carrying value			Fair value
Non-Derivatives:
Cash and cash equivalents (1) (2)			Level 1			770,567			770,567			878,838			878,838
Restricted cash and short-term deposits (3)			Level 1			132,219			132,219			134,043			134,043
Trade accounts receivable (3)			Level 1			37,605			37,605			41,545			41,545
Interest receivable from money-market deposits and bank accounts (3)			Level 1			4,950			4,950			3,617			3,617
Receivable from TTF linked commodity swap derivatives (3)			Level 1			7,581			7,581			4,638			4,638
Receivable from IRS derivatives (3)			Level 1			2,461			2,461			1,923			1,923
Investment in listed equity securities (4)			Level 1			—			—			224,788			224,788
Trade accounts payable (3)			Level 1			(16,300)			(16,300)			(8,983)			(8,983)
Assets held for sale (note 4)			Level 1			14,979			14,979			—			—
Assets held for sale (note 11)			Level 2			—			—			721			721
Liabilities held for sale (note 11)			Level 2			—			—			(373)			(373)
Current portion of long-term debt and short-term debt (2) (5) (6)			Level 2			(322,902)			(322,902)			(344,960)			(344,960)
Long-term debt (5) (6)			Level 2			(757,342)			(757,342)			(706,290)			(706,290)
Long-term debt - Unsecured Bonds (5) (7)			Level 1			(138,706)			(134,802)			(159,029)			(158,092)
Derivatives:
Oil and gas derivative instruments (8)			Level 2			209,497			209,497			378,979			378,979
Asset on IRS derivatives (9)			Level 2			53,517			53,517			54,970			54,970
Asset on TTF linked commodity swap derivatives (9)			Level 2			91,193			91,193			113,368			113,368

(1) These instruments carrying value are highly liquid and deemed reasonable estimates of fair value.

(2) Included within cash and cash equivalents of $770.6 million, $878.8 million and $528.6 million are $668.7 million, $634.2 million and $420.2 million held in short-term money-market deposits as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively. During the six months ended June 30, 2023 and 2022, we earned interest income of $17.8 million and $0.4 million, respectively on short-term money-market deposits.

(3) These instruments are considered to be equal to their estimated fair value because of their near term maturity.

(4) “Investment in listed equity securities” refers to our NFE Shares (note 14). The fair value was based on the NFE closing share price as of the balance sheet date.

(5) Our debt obligations are recorded at amortized cost. The amounts presented in the table above are gross of the deferred charges which amounted to $29.7 million and $21.0 million at June 30, 2023 and December 31, 2022, respectively.

(6) The estimated fair values for both the floating long-term debt and short-term debt are considered to be equal to the carrying value since they bear variable interest rates, which are calculated on a quarterly basis.  

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(7) The estimated fair value of our Unsecured Bonds are based on their quoted market prices as of the balance sheet date.

(8) The fair value of the oil and gas derivative instruments is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil and gas prices moving above the contractual floor price over the remaining term of the LTA. Significant inputs used in the valuation of the oil and gas derivative instruments include the Euro/U.S. Dollar exchange rates based on the forex forward curve for the gas derivative instrument and management’s estimate of an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets.

(9) The fair value of certain derivative instruments is the estimated amount that we would receive or pay to terminate the agreements at the reporting date, taking into account current interest rates, foreign exchange rates, closing quoted market prices and our creditworthiness and that of our counterparties. The credit exposure of certain derivative instruments is represented by the fair value of contracts with a positive value at the end of each period, reduced by the effects of master netting arrangements.

As of June 30, 2023, we were party to the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below:

Instrument			Notional value			Maturity dates			Fixed interest rates
Interest rate swaps:
Receiving floating, pay fixed			729,792			June 2024 to November 2029			1.69% - 2.37%

Commodity price risk management

Although the LTA bills at a base rate of $60.00 per barrel over the contract term for 1 million tons of LNG, we bear no downside risk to the movement of oil prices should the oil price move below $60.00. Pursuant to LTA Amendment 3, 0.2 million tons per year of LNG is linked to the TTF index and the Euro/U.S. Dollar foreign exchange movements.

We have entered into commodity swaps to economically hedge our exposure to a portion of FLNG Hilli’s tolling fee that is linked to the TTF index, by swapping variable cash receipts that are linked to the TTF index for anticipated future production volumes with fixed payments from our TTF swap counterparties. We have entered into master netting agreements with our counterparties and are subject to nominal credit risk, where relevant, these transactions are settled on a daily margin basis with investment grade institutions.

Instrument			Notional quantity (MMBtu)			Maturity date			Fixed price/MMBtu
Commodity swap derivatives:
Receiving fixed, pay floating			3,226,002			2023 - 2024			$49.50 to $51.20
Receiving floating, pay fixed			3,226,002			2023 - 2024			$20.55 to $22.00

a) Transactions with existing related parties:

Receivables: The balances with Avenir as of June 30, 2023 and December 31, 2022 consisted of the following:

(in thousands of $)			June 30, 2023			December 31, 2022
Avenir			7,093			3,472
Total			7,093			3,472

Balances due from Avenir - Amounts due from Avenir are comprised primarily of unpaid debt guarantee fees, revolving shareholder loan and other related arrangements.

In 2021, we advanced a one year revolving shareholder loan of $1.8 million to Avenir. In October 2022, the revolving shareholder loan was extended to three years. The facility bears a fixed interest rate of 5% per annum which was amended to 7% in May 2023. Concurrently, we loaned a further $3.5 million to Avenir, totaling to $5.3 million. As of June 30, 2023, the shareholder loan is fully drawn. The combined interest and commitment fee receivables on the undrawn portion of the loan amounted to $0.1 million and $0.1 million for the six months ended June 30, 2023 and 2022, respectively.

---

b) Transactions with former related parties

Following the sale of our CoolCo shares on March 2, 2023, CoolCo ceased to be a related party and subsequent transactions with CoolCo and its subsidiaries are treated as a third party transaction and settled under normal payment terms.

Net revenues: The following table represent the transactions with CoolCo and its subsidiaries for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022:

(in thousands of $)			Period ended January 1, 2023 to March 2, 2023			Six months ended June 30, 2022
Management and administrative services revenue (1)			588			1,160
Ship management fees revenue (2)			—			1,249
Ship management fees expense (3)			(333)			—
Debt guarantee fees (4)			175			279
Commitment fee (5)			21			54
Total			451			2,742

(1) Management and administrative services revenue – Golar Management Limited (“Golar Management”), a wholly-owned subsidiary of Golar, and Golar Management (Bermuda) Ltd, entered into the transition services agreement with CoolCo (the “CoolCo TSA” which was subsequently replaced with the CoolCo ASA), pursuant to which we provided corporate administrative services to CoolCo. The CoolCo ASA expired on June 30, 2023.

(2) Ship management fee revenue – We provided commercial and technical management to the LNG carriers subsequent to their disposal to CoolCo under the existing management agreements, however the CoolCo TSA revised the annual management fee payable to us per vessel. On June 30, 2022, upon completion of the CoolCo Disposal, the ship management agreements were terminated.

(3) Ship management fee expense – Following completion of the CoolCo Disposal in June 2022, we entered into ship management agreements with CoolCo, for CoolCo to manage our LNG carriers, the Golar Arctic and Golar Tundra, and we pay ship management fees which amounted to $0.2 million for the period from January 1, 2023 to March 2, 2023. We also entered into an agreement to sub-contract our contractual vessel management obligations for the LNG Croatia, which amounted to $0.1 million for the period from January 1, 2023 to March 2, 2023. There was no comparable expense incurred for the same period in six months ended June 30, 2022.

(4) Debt guarantee fees – We agreed to remain as the guarantor of the payment obligations for the sale and lease-back obligations of two of the disposed subsidiaries, which are the disponent owners of the Golar Ice and Golar Kelvin, in exchange for a guarantee fee of 0.5% on the outstanding principal balances of $193.8 million. The compensation amounted to $0.2 million and $0.3 million for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively.

(5) Commitment fee – We advanced a two years revolving credit facility of $25.0 million to CoolCo which bears a fixed interest rate and commitment fee on the undrawn loan of 5% and 0.5% per annum, respectively. The commitment fee amounted to $21.0 thousand and $54.0 thousand for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively. CoolCo terminated the revolving credit facility on May 28, 2023.

Receivables: The balances with CoolCo and its subsidiaries as of December 31, 2022 consisted of the following:

(in thousands of $)			December 31, 2022
Balance due from CoolCo and subsidiaries (6)			394

(6) Balances due from CoolCo and its subsidiaries - Amounts due to/from CoolCo and its subsidiaries are comprised primarily of unpaid management services, amounts arising from the results of CoolCo’s vessels participating in the Cool Pool, revolving credit facility, commitment fees and other related arrangements. Payables and receivables are generally settled quarterly in arrears. Balances owing to or due from CoolCo and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business.

Other transactions:

Net Cool Pool expenses - The eight TFDE vessels sold in the CoolCo Disposal during the six months ended June 30, 2022 were previously managed by Golar under the terms of the Cool Pool. The net expenses relating to the CoolCo’s vessels participation in the pool amounted to $2.0 million for the six months ended June 30, 2022. There was no comparable expense for the period from January 1, 2023 to March 2, 2023. This is presented in our unaudited consolidated statement of operations in the line item “Net income/(loss) from discontinued operations”.

---

Subleases with CoolCo - Following the completion of the CoolCo Disposal, we entered into a sublease to share office space with CoolCo which amounted to $63.0 thousand income for the period from January 1, 2023 to March 2, 2023. There was no comparable income for the six months ended June 30, 2022.

Share-based payment to CoolCo employees - Following the completion of the CoolCo Disposal, we agreed to honor the restricted stock units granted to the officers and employees in the shipping and FSRU management business that CoolCo acquired. The net expenses relating to these share-based payments amounted to $53.0 thousand for the period from January 1, 2023 to March 2, 2023 and is included in the line item “Net income/(losses) from equity method investments.” There was no comparable expense for the six months ended June 30, 2022.

Assets pledged

(in thousands of $)			June 30, 2023			December 31, 2022
Book value of vessels secured against loans (1)			1,091,145			1,115,500

(1) This excludes the Gimi which is classified as “Assets under development” (note 15) and secured against its specific debt facility (note 18).

Capital Commitments

•Gandria

We have agreed contract terms for the conversion of the Gandria to a FLNG which is subject to certain payments and lodging of a full notice to proceed. We have also provided a guarantee to cover the sub-contractor’s obligations in connection with the conversion of the vessel. If we do not proceed with the conversion, we may be liable for certain termination payments. In June 2023, we agreed to replace the Gandria as a specific donor vessel with a generic LNG carrier, preventing a trigger for termination payments.

•MKII FLNG

Dividends

In August 2023, we declared a dividend of $0.25 per share in respect of the three months ended June 30, 2023 to shareholders of record on August 21, 2023, which will be paid on or around August 29, 2023.

Gimi LOA prepayments

In August 2023, Gimi MS initiated arbitration proceedings by issuing a request for arbitration. Legal proceedings are inherently unpredictable and subject to significant uncertainties. The resolution of this matter may take several months or years and no assurance can be given that our claim will be successful. In the event of a favorable resolution we may expect be entitled to recover a portion of our legal costs and fees incurred from BP. In the event of an unfavorable resolution, we may not be entitled to recover the Project Delay Payment in part or in full and we may be required to reimburse a portion of BP’s legal costs and fees incurred.

v3.23.2

Cover Page	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Entity Registrant Name	GOLAR LNG LIMITED
Document Period End Date	Jun. 30, 2023
Entity Central Index Key	0001207179
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Total operating revenues	$ 151,498	$ 140,165
Vessel operating expenses	(43,282)	(36,200)
Voyage, charterhire and commission expenses	(460)	(1,459)
Administrative expenses	(18,062)	(20,135)
Project development expenses	(36,950)	(3,552)
Depreciation and amortization	(25,027)	(26,847)
Impairment of long-lived assets	(5,021)	(76,155)
Total operating expenses	(128,802)	(164,348)
Realized and unrealized (loss)/gain on oil and gas derivative instruments	(87,754)	447,257
Other operating income	10,316	14,106
Total other operating (losses)/income	(77,438)	461,363
Operating (losses)/income	(54,742)	437,180
Realized and unrealized mark-to-market (losses)/gain on our investment in listed equity securities	(62,308)	295,048
Other non-operating income, net	9,823	10,023
Total other non-operating (losses)/income	(52,485)	305,071
Interest income	23,318	954
Interest expense	(972)	(11,435)
Gains on derivative instruments, net	2,297	47,877
Other financial items, net	(1,375)	(3,584)
Net financial income	23,268	33,812
(Loss)/income before taxes and net (losses)/income from equity method investments	(83,959)	776,063
Income taxes	(1,697)	(148)
Net (losses)/income from equity method investments	(296)	3,009
Net (loss)/income from continuing operations	(85,952)	778,924
Net income/(loss) from discontinued operations	293	(82,372)
Net (loss)/income	(85,659)	696,552
Total net income attributable to non-controlling interests	(20,749)	(121,338)
Net (loss)/income attributable to stockholders of Golar LNG Limited	$ (106,408)	$ 575,214
Basic earnings/(loss) per share from continuing operations (in USD per share)	$ (0.99)	$ 6.16
Dilutive earnings/(loss) per share from continuing operations (in USD per share)	(0.99)	6.13
Basic (loss)/earnings per share from discontinued operations (in USD per share)	0.00	(0.84)
Dilutive (loss)/earnings per share from discontinued operations (in USD per share)	$ 0.00	$ (0.84)
Continuing operations
Total operating revenues	$ 151,498	$ 140,165
Vessel operating expenses	(43,282)	(36,200)
Voyage, charterhire and commission expenses	(460)	(1,459)
Depreciation and amortization	(25,027)	(26,847)
Other operating income	10,316	14,106
Realized and unrealized mark-to-market (losses)/gain on our investment in listed equity securities	(62,308)	295,048
Net (losses)/income from equity method investments	(296)	3,009
Net (loss)/income from continuing operations	(85,952)	778,924
Total net income attributable to non-controlling interests	(20,749)	(113,132)
Discontinued operations
Depreciation and amortization	(20)	(8,733)
Total net income attributable to non-controlling interests	0	(8,206)
Liquefaction services revenue
Total operating revenues	116,594	123,421
Vessel management fees and other revenues
Total operating revenues	24,044	13,509
Time and voyage charter revenues
Total operating revenues	$ 10,860	$ 3,235

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Net (loss)/income		$ (85,659)	$ 696,552
Other comprehensive income:
Gain associated with pensions, net of tax		1,456	88
Share of equity method investment's comprehensive losses	[1]	184	0
Net other comprehensive income		1,640	88
Comprehensive (loss)/income		(84,019)	696,640
Comprehensive (loss)/income attributable to:
Stockholders of Golar LNG Limited		(104,768)	575,302
Comprehensive (loss)/income		(84,019)	696,640
Continuing operations
Comprehensive (loss)/income attributable to:
Non-controlling interests		20,749	113,132
Discontinued operations
Comprehensive (loss)/income attributable to:
Non-controlling interests		$ 0	$ 8,206
[1] tax impact for the six months ended June 30, 2023 and 2022.

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS)/INCOME (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
OCI, Equity method investment, tax	$ 0	$ 0

v3.23.2

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 770,567	$ 878,838
Restricted cash and short-term deposits	58,495	21,693
Trade accounts receivable	37,605	41,545
Amounts due from related parties	0	475
Current assets held for sale	14,979	721
Other current assets	72,662	315,234
Total current assets	954,308	1,258,506
Non-current assets
Restricted cash	73,724	112,350
Equity method investments	46,244	104,108
Asset under development	1,300,748	1,152,032
Vessels and equipment, net	1,092,980	1,137,053
Non-current amounts due from related parties	7,093	3,472
Other non-current assets	455,686	512,039
Total assets	3,930,783	4,279,560
Current liabilities
Current portion of long-term debt and short-term debt	(321,928)	(344,778)
Trade accounts payable	(16,300)	(8,983)
Accrued expenses	(43,534)	(32,833)
Current liabilities held for sale	0	(373)
Other current liabilities	(59,526)	(27,445)
Total current liabilities	(441,288)	(414,412)
Non-current liabilities
Long-term debt	(867,350)	(844,546)
Other non-current liabilities	(70,897)	(120,428)
Total liabilities	(1,379,535)	(1,379,386)
EQUITY
Stockholders’ equity	(2,091,629)	(2,500,224)
Non-controlling interests	(459,619)	(399,950)
Total liabilities and equity	$ (3,930,783)	$ (4,279,560)

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF CASHFLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
OPERATING ACTIVITIES
Net (loss)/income	$ (85,659)	$ 696,552
Net (loss)/income from continuing operations	(85,952)	778,924
Adjustments to reconcile net (loss)/income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	25,027	26,847
Impairment of long-lived assets	5,021	76,155
Net loss/(income) from equity method investments	296	(3,009)
Change in fair value of investment in listed equity securities	62,308	(295,048)
FINANCING ACTIVITIES
Cash and cash equivalents, restricted cash and short-term deposits within assets held for sale at the beginning of period	369	80,869
Cash and cash equivalents, restricted cash and short-term deposits within assets held for sale at the end of period	0	222
Net increase in cash and cash equivalents, restricted cash and short-term deposits within assets held for sale	369	80,647
Net (decrease)/increase in cash and cash equivalents, restricted cash, short-term deposits and cash within assets held for sale	(110,095)	282,156
Cash and cash equivalents, restricted cash and short-term deposits at the beginning of the period	1,012,881	337,922
Cash and cash equivalents, restricted cash and short-term deposits at the end of the period	902,786	620,078
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	770,567	528,612
Restricted cash and short-term deposits	58,495	18,238
Restricted cash	73,724	73,228
Cash, cash equivalents, restricted cash and restricted cash equivalents	902,786	620,078
Continuing operations
OPERATING ACTIVITIES
Net (loss)/income from continuing operations	(85,952)	778,924
Adjustments to reconcile net (loss)/income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	25,027	26,847
Amortization of deferred charges and debt guarantees, net	512	1,658
Impairment of long-lived assets	5,021	76,155
Net loss/(income) from equity method investments	296	(3,009)
Compensation cost related to employee stock awards	3,858	1,466
Net foreign exchange losses	1,426	102
Change in fair value of investment in listed equity securities	62,308	(295,048)
Changes in assets and liabilities:
Trade accounts receivable	4,314	(24,476)
Other current and non-current assets	(113,535)	1,706
Amounts due from related parties	384	(2,385)
Trade accounts payable	2,572	3,542
Accrued expenses	5,407	(8,797)
Other current and non-current liabilities	(12,531)	(83,132)
Net cash provided by continuing operations	85,998	58,078
INVESTING ACTIVITIES
Proceeds from sale of equity method investments	56,097	0
Proceeds from sale of listed equity securities	45,552	252,960
Proceeds from subscription of equity interest in Gimi MS	21,118	11,270
Dividends received from listed equity securities	11,128	3,665
Consideration received for long-lived assets held for sale	2,325	0
Additions to other investments	0	(2,447)
Additions to vessels and equipment	(619)	0
Loan advanced to related parties	(3,500)	0
Deposit paid for vessel	(15,500)	0
Additions to assets under development	(138,102)	(175,230)
Net cash (used in)/provided by investing activities	(21,501)	90,218
FINANCING ACTIVITIES
Reacquisition of common units in Hilli LLC	(100,047)	0
Net debt repayments	(76,397)	(502,549)
Cash dividends paid	(44,537)	(25,305)
Purchase of treasury shares	(29,447)	(11,063)
Financing costs paid	(9,809)	(7,127)
Proceeds from short-term and long-term debt	85,000	256,000
Net cash used in financing activities	(175,237)	(290,044)
Discontinued operations
OPERATING ACTIVITIES
Add: Net (income)/loss from discontinued operations	(293)	82,372
Adjustments to reconcile net (loss)/income from continuing operations to net cash provided by operating activities:
Depreciation and amortization	20	8,733
Amortization of deferred charges and debt guarantees, net	0	3,932
Compensation cost related to employee stock awards	3	239
Net foreign exchange losses	17	560
Changes in assets and liabilities:
Trade accounts receivable	0	836
Other current and non-current assets	300	(5,378)
Amounts due from related parties	0	(804)
Trade accounts payable	(2)	(7,261)
Accrued expenses	(165)	(4,926)
Other current and non-current liabilities	(163)	(24,941)
Net income/(loss) from discontinued operations	293	(82,372)
Deconsolidation of lessor VIEs	0	(59,085)
(Gain)/loss on disposal and impairment of long-lived assets	(27)	105,201
Net cash provided by/(used in) discontinued operations	276	(65,266)
INVESTING ACTIVITIES
Net proceeds from disposals of long-lived assets	0	566,803
Net cash provided by discontinued investing activities	0	566,803
FINANCING ACTIVITIES
Net debt repayments	0	(158,000)
Financing costs paid	0	(280)
Net cash used in discontinued financing activities	0	(158,280)
Interest rate swap | Continuing operations
Adjustments to reconcile net (loss)/income from continuing operations to net cash provided by operating activities:
Change in fair value of derivative instruments (interest rate swaps)	1,453	(49,582)
Oil and gas derivative | Continuing operations
Adjustments to reconcile net (loss)/income from continuing operations to net cash provided by operating activities:
Change in fair value of derivative instruments (interest rate swaps)	$ 185,438	$ (365,893)

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Previously reported	Total before Non- Controlling Interest	Total before Non- Controlling Interest Previously reported	Share Capital	Share Capital Previously reported	Additional Paid-in Capital	Additional Paid-in Capital Previously reported	Contributed Surplus	[1]	Contributed Surplus Previously reported	[1]	Accumulated Other Comprehensive Loss	[2]	Accumulated Other Comprehensive Loss Previously reported	[2]	Accumulated Retained Losses	Accumulated Retained Losses Previously reported	Non-Controlling Interest	Non-Controlling Interest Previously reported
Beginning balance at Dec. 31, 2021		$ 2,177,917		$ 1,730,650		$ 108,223		$ 1,972,859			$ 200,000				$ (10,834)			$ (539,598)		$ 447,267
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)/income	$ 696,552		$ 575,214														$ 575,214		$ 121,338
Dividends	(25,305)																		(25,305)
Employee stock compensation	1,816		1,816				$ 1,816
Forfeiture of employee stock compensation	(111)		(111)				(111)
Restricted stock units	0				$ 187		(187)
Proceeds from subscription of equity interest in Gimi MS Corporation (note 12)	11,270																		11,270
Repurchase and cancellation of treasury shares	(11,062)		(11,062)		(569)												(10,493)
Deconsolidation of lessor VIEs	(182,706)																		(182,706)
Other comprehensive income	88
Other comprehensive income	88		88										$ 88
Ending balance at Jun. 30, 2022	2,666,773		2,294,909		107,841		1,934,516		$ 200,000				(10,746)				63,298		371,864
Beginning balance at Dec. 31, 2022	2,900,174		2,500,224		107,226		1,936,746		200,000				(5,811)				262,063		399,950
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss)/income	(85,659)		(106,408)														(106,408)		20,749
Dividends	(44,537)		(26,695)														(26,695)		(17,842)
Employee stock compensation	3,638		3,638				3,638
Forfeiture of employee stock compensation	(73)		(73)				(73)
Restricted stock units	0				198		(198)
Proceeds from subscription of equity interest in Gimi MS Corporation (note 12)	21,118																		21,118
Repurchase and cancellation of treasury shares	(29,448)		(29,448)		(1,397)												(28,051)
Other comprehensive income	1,640		1,640										1,640
Reacquisition of common units of Hilli LLC (note 12)	(215,605)		(251,249)				(251,249)												35,644
Ending balance at Jun. 30, 2023	$ 2,551,248		$ 2,091,629		$ 106,027		$ 1,688,864		$ 200,000				$ (4,171)				$ 100,909		$ 459,619
[1] Contributed Surplus is “capital” that can be returned to stockholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends. [2] As at June 30, 2023 and 2022, our other comprehensive income consisted of a gain of $1.5 million and $0.1 million of pension and post-retirement benefit plan adjustments and $0.2 million and $nil income for our share of equity method investment’s comprehensive income, respectively.

v3.23.2

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Statement of Stockholders' Equity [Abstract]
Gain associated with pensions		$ 1,500	$ 100
Share of equity method investment's comprehensive losses	[1]	$ 184	$ 0
[1] tax impact for the six months ended June 30, 2023 and 2022.

v3.23.2

General	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	GENERAL Golar LNG Limited (the “Company” or “Golar”) was incorporated in Hamilton, Bermuda on May 10, 2001 for the purpose of acquiring the liquefied natural gas (“LNG”) shipping interests of Osprey Maritime Limited, which was owned by World Shipholding Limited. As used herein and unless otherwise required by the context, the terms “Golar”, the “Company”, “we”, “our” and words of similar import refer to Golar or any one or more of its consolidated subsidiaries, or to all such entities. Our operations have evolved from LNG shipping, floating regasification, combined cycle gas fired power plants to our current focus on floating liquefaction operations. We design, construct, own and operate marine infrastructure for the liquefaction of natural gas and the regasification, storage and offloading of LNG. As of June 30, 2023, our fleet consists of two FLNGs, the Hilli Episeyo (otherwise referred to as “FLNG Hilli”) and the Gimi, which is currently completing conversion and commencing commissioning into a FLNG and two LNG carriers, the Golar Arctic (currently on charter) and the Gandria (classified as held for sale). We are listed on the Nasdaq under the ticker: “GLNG”.

v3.23.2

Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Accounting policies	ACCOUNTING POLICIES Basis of accounting These unaudited consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated financial statements do not include all of the disclosures required under U.S. GAAP in annual consolidated financial statements, and should be read in conjunction with our audited consolidated annual financial statements for the year ended December 31, 2022, which are included in our annual report on Form 20-F for the fiscal year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission on March 31, 2023. Significant accounting policies The accounting policies adopted in the preparation of these unaudited consolidated financial statements for the six months ended June 30, 2023 are consistent with those followed in the preparation of our audited consolidated financial statements for the year ended December 31, 2022, except for those discussed below and disclosed in note 3. Contingencies We may, from time to time, be involved in various legal proceedings, claims, lawsuits and complaints that arise in the ordinary course of business. We will recognize a contingent liability in our financial statements if the contingency has occurred at the date of the financial statements and where we believe that the likelihood of loss was probable and the amount can be reasonably estimated. If we determine that the reasonable estimate of the loss is a range and there is no best estimate within the range, we will provide the lower amount within the range. A contingent gain is only recognized when the amount is considered realized or realizable. Legal costs are expensed as incurred. Use of estimates The preparation of financial statements requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of material contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In assessing the recoverability of our vessels’ carrying amounts, we make assumptions regarding estimated future cash flows, estimates in respect of residual values, charter rates, vessel operating expenses and drydocking requirements. In relation to the oil derivative instrument (note 21), fair value is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the FLNG Hilli Liquefaction Tolling Agreement (“LTA”) with Perenco Cameroon S.A. and Société Nationale des Hydrocarbures (together, the “Customer”). The fair value of the gas derivative is determined using the estimated discounted cash flows of the additional payments due to us as a result of forecasted natural gas prices and forecasted Euro/U.S. Dollar exchange rates. Significant inputs used in the valuation of the oil and gas derivative instruments include an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets. The changes in fair value of our oil and gas derivative instruments are recognized in each period within “Realized and unrealized (loss)/gains on oil and gas derivative instruments” in the unaudited consolidated statement of operations (note 7). Accrued overproduction revenue/(accrued underutilization adjustment) pursuant to the LTA is variable consideration that is estimated at each reporting date based upon certain estimates and assumptions. Our estimation of variable consideration includes an assessment of probability of producing the contracted capacity per given contract year, which considers an assessment of our expected operational performance (such as expected scheduled and unscheduled maintenance) and the expected operational performance of the Customer (such as delays in receipt of feedgas and offtake scheduling issues), application of the expected value method, determining if the estimated amount of variable consideration should be constrained and by what amount and our estimate of the expected tolling fee for the given contract year. The changes in our estimates of this variable consideration are recognized in “Liquefaction services revenue” and “Other operating income” (note 5) and “Underutilization liability” (note 19).

v3.23.2

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently issued accounting standards	RECENTLY ISSUED ACCOUNTING STANDARDS Adoption of new accounting standards In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended by ASU 2021-01 Reference Rate Reform (Topic 848): Scope issued in January 2021 and ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 issued in December 2022. This guidance provides temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met, which are available for election until December 31, 2024. Amendments to certain contracts affected by reference rate reform have been entered into and we will continue to assess remaining amendments prospectively, applying the optional expedients where available, however we do not believe there will be a significant impact on our consolidated financial statements following adoption of the reference rate reform. In October 2021, the FASB issued ASU 2021-08 Business Combinations (Topic 805) - Accounting for contract assets and contract liabilities from contracts with customers. We adopted this with effect from January 1, 2023. The adoption of ASU 2021-08 had no impact on our consolidated financial statements. Accounting pronouncements that have been issued but not yet adopted The following table provides a brief description of other recent accounting standards that have been issued but not yet adopted as of June 30, 2023: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2022-03 Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions This amendment is intended to reduce diversity in practice in the measurement of the fair value of equity securities subject to contractual sale restrictions. For entities that have investments in equity securities that are subject to contractual sale restrictions, the contractual restriction on the sale is not considered part of the unit of account of the equity security, is not considered when measuring fair value and additional disclosures are required. This amendment is required to be applied prospectively from date of adoption; early adoption is permitted. January 1, 2024 No impact currently expected as a result of the adoption of this ASU.

v3.23.2

Segment Information	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment information	SEGMENT INFORMATION We operate three distinct reportable segments as follows: •FLNG – This segment includes our operations of FLNG vessels or projects. We convert LNG carriers into FLNG vessels or build new FLNG vessels and subsequently charter them out to customers. We currently have one operational FLNG, the FLNG Hilli, and one completing conversion and commencing commissioning into a FLNG, the Gimi (note 15). •Corporate and other – This segment includes our vessel management, FSRU services for third parties, administrative services to former affiliates and third parties and our corporate overhead costs. •Shipping – This segment includes our operations of the transportation of LNG carriers. A reconciliation of net (loss)/income to Adjusted EBITDA for the six months ended June 30, 2023 and 2022 is as follows: (in thousands of $) 2023 2022 Net (loss)/income (85,659) 696,552  Income taxes 1,697  148  (Loss)/income before income taxes (83,962) 696,700  Depreciation and amortization 25,027  26,847  Impairment of long-lived assets (1) 5,021  76,155  Unrealized loss/(gain) on oil and gas derivative instruments (note 7) 191,657  (349,607) Realized and unrealized mark-to-market losses/(gains) on investment in listed equity securities (note 8) 62,308  (295,048) Other non-operating income, net (note 8) (9,823) (10,023) Interest income (23,318) (954) Interest expense 972  11,435  Gains on derivative instruments, net (note 9) (2,297) (47,877) Other financial items, net (note 9) 1,375  3,584  Net losses/(income) from equity method investments (note 16) 296  (3,009) Net (income)/loss from discontinued operations (note 11) (293) 82,372  Adjusted EBITDA 166,963  190,575  (1) In May 2023, we entered into an Agreement for the sale and recycling of the Gandria (“Gandria SPA”) with Last Voyage, DMCC (the “Buyer”) for net consideration of $15.2 million, of which $2.3 million was received in advance in May 2023 (note 19). The Buyer agreed to purchase the Gandria (including vessel and onboard equipment) for demolition and recycling which will take place at a ship recycling facility in India. The Gandria SPA is expected to be completed on or before October 31, 2023. In late May 2023, the held for sale presentation criteria was met, and we reclassified the Gandria, previously in our FLNG segment as held-for-sale and remeasured the vessel and onboard equipment to lower of her carrying value and fair value less estimated costs to sell, recognizing an impairment charge of $5.0 million. In May 2022, entry into a sale and purchase agreement (the “Arctic SPA”) with SNAM RETE Gas S.p.A (part of “Snam”) changed the expected recovery of Golar Arctic’s carrying amount from continued use in operations over her remaining useful life, to recovery from sale, and was considered an indicator of impairment. The revised future estimated cash flows were less than her carrying amount on June 30, 2022 and an impairment charge of $76.2 million was recognized, reflecting an adjustment to her fair value (based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market). Six months ended June 30, 2023 (in thousands of $) FLNG Corporate and other (1) Shipping Total results from continuing operations Statement of Operations: Total operating revenues 116,594  24,044  10,860  151,498  Vessel operating expenses (31,512) (9,670) (2,100) (43,282) Voyage, charterhire and commission expenses (300) (19) (141) (460) Administrative (expenses)/income (92) (17,979) 9  (18,062) Project development expenses (2,237) (34,713) —  (36,950) Realized gain on oil and gas derivative instruments, net (note 7) 103,903  —  —  103,903  Other operating income 2,499  7,817  —  10,316  Adjusted EBITDA 188,855  (30,520) 8,628  166,963  Net (losses)/income from equity method investments (note 16) —  (2,610) 2,314  (296) (1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments. Balance Sheet: June 30, 2023 (in thousands of $) FLNG Corporate and other Shipping Segment assets from continuing operations Assets held for sale Total assets Total assets 2,829,840  1,039,627  46,337  3,915,804  14,979  3,930,783  Equity method investments (note 16) —  46,244  —  46,244  —  46,244  Six months ended June 30, 2022 (in thousands of $) FLNG Corporate and other (1) Shipping Total results from continuing operations Statement of Operations: Total operating revenues 123,421  13,509  3,235  140,165  Vessel operating expenses (29,153) (3,228) (3,819) (36,200) Voyage, charterhire and commission expenses (300) (50) (1,109) (1,459) Administrative (expenses)/income (29) (20,176) 69  (20,136) Project development (expenses)/income (5,002) 1,451  —  (3,551) Realized gain on oil and gas derivative instruments, net (note 7) 97,650  —  —  97,650  Other operating income 14,106  —  —  14,106  Adjusted EBITDA 200,693  (8,494) (1,624) 190,575  Net income from equity method investments (note 17) —  3,009  —  3,009  (1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments. Balance Sheet: December 31, 2022 (in thousands of $) FLNG Corporate and other Shipping Segment assets from continuing operations Assets held for sale Total assets Total assets 2,815,552  1,410,587  52,700  4,278,839  721  4,279,560  Equity method investments (note 16) —  48,669  55,439  104,108  —  104,108

v3.23.2

Revenue	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE The following table represents a disaggregation of revenue earned from contracts with customers during the six months ended June 30, 2023 and 2022: Six months ended June 30, (in thousands of $) 2023 2022 Base tolling fee (1) 102,251  102,251  Amortization of deferred commissioning period revenue (2) 2,043  2,043  Amortization of Day 1 gains (3) 6,219  16,286  Accrued overproduction revenue/(accrued underutilization adjustment) (4) 4,074  620  Incremental base tolling fee (5) 2,500  2,500  Other (6) (493) (279) Liquefaction services revenue (9) 116,594  123,421  Management fees revenue (7) 10,114  13,509  Service revenue (8) 13,798  —  Other revenues 132  —  Vessel management fees and other revenues (9) 24,044  13,509  (1) The LTA bills at a base rate in periods when the oil price is $60 or less per barrel and at an increased rate when the oil price is greater than $60 per barrel. The oil price above the base rate is recognized as a derivative and included in “Realized and unrealized (loss)/gain on oil and gas derivative instruments” in the unaudited consolidated statements of operations (note 7). (2) Customer billing during the commissioning period, prior to vessel acceptance and commencement of the contract term was deferred (notes 19 and 20) and recognized evenly over the contract term. (3) Day 1 gain results from amount established on the initial recognition of the FLNG Hilli’s oil derivative instrument embedded in the LTA and the FLNG Hilli’s gas derivative instruments pursuant to the third amendment to the LTA (“LTA Amendment 3”) (notes 19 and 20). These amounts were deferred on initial recognition and amortized evenly over the contract term. (4) In March 2021, we signed an agreement with the Customer (“LTA Amendment 2”), to change the contract term from one linked to fixed capacity of 500.0 billion cubic feet to one of a fixed term, terminating on July 18, 2026. This amendment also permits billing adjustments for amounts over or under the annual contracted capacity in a given contract year (“overproduction” or “underutilization”, respectively), commencing from the 2019 contract year. Amounts for overproduction were invoiced at the end of a given contract year, while amounts for underutilization (which is capped per contract year) will be a reduction against our final invoice to the Customer at the end of the LTA in July 2026. Pursuant to LTA Amendment 2, we have billed and recognized overproduction revenue in relation to excess production over contracted annual base capacity during contract years 2020 and 2021. LTA Amendment 4 was approved and considered a contract modification pursuant to ASC 606 Revenue from Contracts with Customers during the three months ended March 31, 2023. Pursuant to the fourth amendment to the LTA (“LTA Amendment 4”), we have agreed with our Customer to increase contract year 2023 annual contracted capacity by 0.04 million tons (from 1.4 million tons to 1.44 million tons) resulting from the inclusion of contract year 2022 underutilization into contract year 2023 annual LNG production. To the extent that the increased 2023 contracted capacity of LNG is produced during the year, the 2022 underutilization will be offset against 2023 increased production and no underutilization for contract year 2023 will result. However, if the increased 2023 contracted capacity of LNG is not produced during the year, any underutilization will continue to be treated as a reduction against our final invoice to the Customer at the end of the LTA in July 2026 as per LTA Amendment 2. For the six months ended June 30, 2023, we assessed the probability of our production of the contracted 1.44 million tons for contract year 2023 and concluded that it was probable. We estimated how much of this 1.44 million tons was produced during the six months ended June 30, 2023 and offset a pro-rata amount of $6.6 million against the underutilization liability recognized as of December 31, 2022 for 2022 underutilization (note 19) and an offsetting increase to estimated overproduction variable consideration which is bifurcated between “Liquefaction services revenue” and “Other operating income” line items in the consolidated statements of operations, amounting to $4.1 million and $2.5 million, respectively. (5) In 2021, we entered into LTA Amendment 3 which increased the annual capacity utilization of FLNG Hilli by 0.2 million tons of LNG, for the 2022 contract year. In July 2022, the Customer exercised its option pursuant to LTA Amendment 3 for 0.2 million (out of 0.4 million tons) from January 2023 to the end of the LTA in July 2026. The combined effect results in annual contracted base capacity of 1.4 million tons of tons of LNG from January 1, 2022 to the end of the LTA. The tolling fee is linked to TTF and the Euro/U.S. Dollar foreign exchange movements. The contractual floor rate is recognized in “Liquefaction services revenue” and the tolling fee above the contractual floor rate is recognized as a derivative in “Realized and unrealized (loss)/gain on oil and gas derivative instruments,” in the unaudited consolidated statements of operations (note 7). (6) “Other” comprised of: (i) accrued demurrage costs of $0.2 million and $nil for the six months ended June 30, 2023 and 2022, respectively, which we recognized in the period in which the delay occurred; and (ii) unwinding of deferred liquidated damages recognized prior to the commencement of the contract, evenly released over the LTA contract term, of $0.3 million and $0.3 million for the six months ended June 30, 2023 and 2022. (7) Comprised of ship management, administrative and vessel operation and maintenance services. We entered into several agreements to provide ship management and administrative services to external customers. We also entered into a FSRU Operation and Services Agreement with a subsidiary of Snam for the Golar Tundra, pursuant to which we are required to provide FSRU operating and maintenance services in exchange for various payments. (8) In August 2022, we entered into a development agreement with Snam to provide drydocking, site commissioning and hook-up services for the Golar Tundra (the “Development Agreement”), which it acquired from us in May 2022. The Development Agreement includes contractual fixed payments recognized over the period of time that we provide the services to Snam. We assessed this to be a single performance obligation to the customer that is satisfied over time (from the period of entry into the agreement to delivery of the fully commissioned FSRU to our customer), with progress over time measured using an input method of recognition based on our efforts expended over the contract term, reflecting our past experience with comparable projects for our owned vessels, as determined using hours expended by our project team. As of June 30, 2023, we completed the Development Agreement and recognized services revenue and an associated contract asset of $13.8 million and $7.5 million, respectively. There was no comparable revenue recognized for the same period in 2022. (9) Liquefaction services revenue is included under our “FLNG” segment while vessel management fees and other revenues under our “Corporate and other” segment. Contract Assets and Liabilities The following table represents our contract assets and liabilities balances as of: (in thousands of $) June 30, 2023 December 31, 2022 Contract assets (1) 27,835  21,297  Current contract liabilities (1) (2) (35,779) (8,398) Non-current contract liabilities (2) (3) (8,353) (54,018) Total contract liabilities (4) (44,132) (62,416) (in thousands of $) June 30, 2023 December 31, 2022 Opening contract liability balance (62,416) (18,736) Deferral of revenue (5) (2,325) (62,223) Recognition of unearned revenue (1) (2) 12,793  18,543  Recognition of deferred revenue (3) 7,816  —  Closing contract liability balance (44,132) (62,416) (1) As of June 30, 2023 and December 31, 2022, we recognized a contract asset of $7.5 million and current contract liability of $4.2 million, respectively, in relation to the Development Agreement. (2) Due to a production shortfall of the FLNG Hilli for the 2022 contract year, we recognized a non-current contract liability for this underutilization of $35.8 million as of December 31, 2022 (note 20). As further discussed in footnote 4 to our revenue disclosure presented above, we reduced our underutilization liability by $6.6 million to $29.2 million and we reclassified the balance from non-current (note 20) to current (note 19) reflecting our expectation that this amount will be recovered from increased LNG production in the 2023 contract year. (3) Pursuant to the Arctic SPA, upon receipt of a notice to proceed, we will convert LNG carrier Golar Arctic to a FSRU which will lead to her eventual sale to Snam. The Arctic SPA includes contractual fixed payments (recognized over the period of time that we provide the services to Snam) and as of December 31, 2022, we recognized a non-current contract liability of $7.8 million. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed and in accordance with the Arctic SPA, we retained and recognized the first advance payment and presented in “Other operating income” in the unaudited consolidated statements of operations (note 20). (4) Included within “Total contract liabilities” is the deferred commissioning revenue in relation to the FLNG Hilli of $12.6 million as of June 30, 2023 (December 31, 2022: $14.6 million) (note 19 and 20). We expect to recognize liquefaction services revenue related to the partially unsatisfied performance obligation at the reporting date evenly over the remaining LTA contract term of three years, including the components of transaction price described above. (5) Included in “deferral of revenue” as of June 30, 2023, is the deposit of $2.3 million received for the sale of the Gandria (note 4).

v3.23.2

(Loss)/Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
(Loss)/earnings per share	(LOSS)/EARNINGS PER SHARE Basic (loss)/earnings per share “(LPS)/EPS” is calculated with reference to the weighted average number of common shares outstanding during the period. The components of the numerator for the calculation of basic and diluted (LPS)/EPS are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Net (loss)/income net of non-controlling interests - continuing operations - basic and diluted (106,701) 665,792  Net income/(loss) net of non-controlling interests - discontinued operations - basic and diluted 293  (90,578) The components of the denominator for the calculation of basic and diluted (LPS)/EPS are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Basic: Weighted average number of common shares outstanding 107,337  108,125  Dilutive: Dilutive impact of share options and RSUs (1) 618  407  Weighted average number of common shares outstanding 107,955  108,532  (LPS)/EPS per share are as follows: Six months ended June 30, 2023 2022 Basic (LPS)/EPS from continuing operations $ (0.99) $ 6.16  Diluted (LPS)/EPS from continuing operations (1) $ (0.99) $ 6.13  Basic and diluted LPS from discontinued operations $ 0.00  $ (0.84) (1) The effects of stock awards have been excluded from the calculation of diluted (LPS)/EPS from continuing operations for the six months ended June 30, 2023 because the effects were anti-dilutive.

v3.23.2

Realized and Unrealized (Loss)/Gain on Oil and Gas Derivative Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Realized and unrealized (loss)/gain on oil and gas derivative instruments	REALIZED AND UNREALIZED (LOSS)/GAIN ON OIL AND GAS DERIVATIVE INSTRUMENTS The realized and unrealized (loss)/gain on the oil and gas derivative instruments is comprised of the following:     Six months ended June 30, 2023 2022 Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives 42,066  (8,134) Realized gain on FLNG Hilli’s oil derivative instrument 36,156  50,102  Realized gain on FLNG Hilli’s gas derivative instrument 25,681  55,682  Realized gain on oil and gas derivative instruments, net 103,903  97,650  Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 17) (94,642) 194,632  Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 17) (74,840) 169,293  Unrealized MTM adjustment on commodity swap derivatives (22,175) (14,318) Unrealized (loss)/gain on oil and gas derivative instruments (191,657) 349,607  Realized and unrealized (loss)/gain on oil and gas derivative instruments (note 21) (87,754) 447,257  The realized (loss)/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 respective LTA amendments, whereas the unrealized gain/(loss) on oil and gas derivative instruments results from movements in forecasted oil and natural gas prices and Euro/U.S. Dollar exchange rates. OTHER NON-OPERATING (LOSSES)/INCOME Other non-operating (losses)/income is comprised of the following: Six months ended June 30, 2023 2022 Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1) (62,308) 295,048  Dividend income from our investment in listed equity securities 9,823  6,918  UK tax lease liability (2) —  3,105  Other non-operating (losses)/income (52,485) 305,071  (1) “Investment in listed equity securities,” included in balance sheet line-item “Other current assets” (note 14), relates to our equity holding in New Fortress Energy Inc (“NFE”) of nil and 5.3 million shares of Class A NFE common shares (“NFE Shares”) as of June 30, 2023 and December 31, 2022, respectively. During the six months ended June 30, 2023 and 2022, we recognized $62.3 million realized MTM losses and $295.0 million unrealized MTM gains, respectively. In the six months ended June 30, 2023, we sold 1.2 million of our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate consideration of $45.6 million. On March 15, 2023, we also disposed of our remaining 4.1 million NFE Shares that were applied as partial consideration for the repurchase of 1,230 common units in Golar Hilli LLC “Hilli LLC” from NFE, which NFE acquired pursuant to the sale of our investment in Golar LNG Partners LP (“Golar Partners”) to NFE in April 2021 (note 12.2). Following these transactions, we no longer hold any listed equity securities. In the six months ended June 30, 2022, we sold 6.2 million of NFE Shares at a price of $40.80 per share for an aggregate consideration of $253.0 million. (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.

v3.23.2

Other Non-Operating (Losses)/Income	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Other non-operating (losses)/income	REALIZED AND UNREALIZED (LOSS)/GAIN ON OIL AND GAS DERIVATIVE INSTRUMENTS The realized and unrealized (loss)/gain on the oil and gas derivative instruments is comprised of the following:     Six months ended June 30, 2023 2022 Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives 42,066  (8,134) Realized gain on FLNG Hilli’s oil derivative instrument 36,156  50,102  Realized gain on FLNG Hilli’s gas derivative instrument 25,681  55,682  Realized gain on oil and gas derivative instruments, net 103,903  97,650  Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 17) (94,642) 194,632  Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 17) (74,840) 169,293  Unrealized MTM adjustment on commodity swap derivatives (22,175) (14,318) Unrealized (loss)/gain on oil and gas derivative instruments (191,657) 349,607  Realized and unrealized (loss)/gain on oil and gas derivative instruments (note 21) (87,754) 447,257  The realized (loss)/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 respective LTA amendments, whereas the unrealized gain/(loss) on oil and gas derivative instruments results from movements in forecasted oil and natural gas prices and Euro/U.S. Dollar exchange rates. OTHER NON-OPERATING (LOSSES)/INCOME Other non-operating (losses)/income is comprised of the following: Six months ended June 30, 2023 2022 Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1) (62,308) 295,048  Dividend income from our investment in listed equity securities 9,823  6,918  UK tax lease liability (2) —  3,105  Other non-operating (losses)/income (52,485) 305,071  (1) “Investment in listed equity securities,” included in balance sheet line-item “Other current assets” (note 14), relates to our equity holding in New Fortress Energy Inc (“NFE”) of nil and 5.3 million shares of Class A NFE common shares (“NFE Shares”) as of June 30, 2023 and December 31, 2022, respectively. During the six months ended June 30, 2023 and 2022, we recognized $62.3 million realized MTM losses and $295.0 million unrealized MTM gains, respectively. In the six months ended June 30, 2023, we sold 1.2 million of our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate consideration of $45.6 million. On March 15, 2023, we also disposed of our remaining 4.1 million NFE Shares that were applied as partial consideration for the repurchase of 1,230 common units in Golar Hilli LLC “Hilli LLC” from NFE, which NFE acquired pursuant to the sale of our investment in Golar LNG Partners LP (“Golar Partners”) to NFE in April 2021 (note 12.2). Following these transactions, we no longer hold any listed equity securities. In the six months ended June 30, 2022, we sold 6.2 million of NFE Shares at a price of $40.80 per share for an aggregate consideration of $253.0 million. (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.

v3.23.2

Gains on Derivative Instruments and Other Financial Items, Net	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gains on derivative instruments and other financial items, net	GAINS ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET Gains on derivative instruments, net is comprised of the following: (in thousands of $) Six months ended June 30, 2023 2022 Net interest income/(expense) on undesignated interest rate swap (“IRS”) derivatives 3,750  (1,705) Unrealized MTM adjustment for IRS derivatives (1,453) 49,582  Gains on derivative instruments, net 2,297  47,877  Other financial items, net is comprised of the following: (in thousands of $) Six months ended June 30, 2023 2022 Foreign exchange (loss)/gain on operations (1,427) 1,168  Financing arrangement fees and other related costs (799) (5,964) Amortization of debt guarantees 1,034  1,341  Others (183) (129) Other financials items, net (1,375) (3,584)

v3.23.2

Operating Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Operating leases	OPERATING LEASES Rental income The components of operating lease income were as follows: Six months ended June 30, (in thousands of $) 2023 2022 Operating lease income 10,860  2,408  Variable lease income (1) —  827  Total operating lease income (2) 10,860  3,235  (1) “Variable lease income” is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases. (2) Total operating lease income is presented in the unaudited consolidated statement of operations line item “Time and voyage charter revenues.”

v3.23.2

Assets and Liabilities Held for Sale and Discontinued Operations	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Assets and liabilities held for sale and discontinued operations	ASSETS AND LIABILITIES HELD FOR SALE AND DISCONTINUED OPERATIONS The net income/(loss) from discontinued operations for the six months ended June 30, 2023 and 2022 are as follows: 2023 (in thousands of $) CoolCo TundraCo (1) Total Net income from discontinued operations 293  —  293  2022 (in thousands of $) CoolCo TundraCo (1) Total Loss from discontinued operations (194,912) (699) (195,611) (Loss)/gain on disposal (10,060) 123,299  113,239  Net (loss)/income from discontinued operations (204,972) 122,600  (82,372) (1) On May 31, 2022, we completed the sale of our subsidiary Golar LNG NB 13 Corporation, owner of the FSRU Golar Tundra and recognized a gain on disposal of $123.2 million which comprised of (i) cash proceeds received of $352.5 million, (ii) partially offset by the net asset value of Golar LNG NB 13 Corporation of $229.0 million and (iii) related fees incurred in relation to disposal of $0.3 million. 11.1 The CoolCo Disposal The disposals of Cool Company Ltd (“CoolCo” and the “CoolCo Disposal”) closed in stages from March 3, 2022 to June 30, 2022. As of June 30, 2022, we recognized a loss on disposal of $10.1 million in relation to the subsidiaries disposed, comprised of carrying values of the assets and liabilities disposed of $355.4 million, partially offset by the proceeds received of $218.2 million cash consideration and 12.5 million shares of CoolCo valued at $127.1 million (based on the respective share price on the phased completion dates). In November 2022, CoolCo and us agreed for CoolCo to acquire our vessel operations in Malaysia. Consequently, the associated assets and liabilities of our Malaysia vessel operations were classified as held-for-sale and qualified as a discontinued operation. As such, we have retrospectively reclassified the results as “Net income/(loss) from discontinued operations.” In May 2023, the sale was completed and we recognized a gain on disposal of $27.0 thousand. Our continuing involvement with the discontinued operations for the six months ended June 30, 2023 and 2022, includes: •our equity method investment in CoolCo until March 2, 2023 (note 16); •$0.5 million and $0.3 million financial guarantees fees, respectively, with respect to the debt assumed by CoolCo related to the Golar Kelvin and Golar Ice of $193.8 million, in place until the earlier of the repayment of the vessel debt by CoolCo or until release by the lessors; •$1.4 million and $1.2 million management and administrative services revenue, respectively, for the provision of IT services, routine accounting services, treasury services, finance operation services, and any additional services reasonably required pursuant to the CoolCo Administrative Services Agreement (“CoolCo ASA”). The CoolCo ASA ended on June 30, 2023; •$nil and $2.0 million net expenses, respectively, relating to the CoolCo’s vessels participation in the Cool Pool arrangement. We exited this pooling arrangement in November 2022; •$1.0 million and $nil ship management fee expense, respectively, for CoolCo’s management of our LNG carrier Golar Arctic, and our contractual vessel management obligations for Golar Tundra and LNG Croatia for the six months ended June 30, 2023. There was no comparable expense in the same period in 2022; and •$0.1 million and $nil administrative services expense, for CoolCo’s provision of IT and finance services to us pursuant to our short term CoolCo Administrative Services Agreement entered into in May 2023.

v3.23.2

Variable Interest Entities ("VIE")	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities ("VIE")	VARIABLE INTEREST ENTITIES (“VIEs”) 12.1 Lessor VIEs As of June 30, 2023, we leased one (December 31, 2022: one) vessel from a VIE as part of a sale and leaseback agreement. As discussed in note 11, during the six months ended June 30, 2022, the CoolCo Disposal resulted in the disposal of our subsidiaries, including the disponent owners of seven vessels that were subject to these sale and leaseback agreements (Golar Seal, Golar Crystal, Golar Bear, Golar Glacier, Golar Snow, Golar Ice and Golar Kelvin). Consequently, this resulted in the deconsolidation of the lessor VIEs associated with the seven vessels. Our continuing lessor VIE as of June 30, 2023, is with a China State Shipbuilding Corporation entity (“CSSC entity”). The CSSC entity is a wholly-owned, special purpose vehicle. In this transaction, we sold our vessel, the FLNG Hilli and then subsequently leased back the vessel on a bareboat charter for an initial term of ten years. In June 2023, we entered into the fourth side letter to FLNG Hilli’s sale and leaseback facility which amended the reference rate to a Secured Overnight Financing Rate (“SOFR”) from London Interbank Offered Rate (“LIBOR”), reduced the margin and extended the tenor of the facility by 5 years to 2033. These amendments did not impact our total bareboat obligations. We still have options to repurchase the vessel at a fixed predetermined amount during its charter period and an obligation to repurchase the vessel at the end of the vessel’s lease period.    A summary of our payment obligations (excluding repurchase options and obligations) under the bareboat charter with the lessor VIE as of June 30, 2023, is shown below: (in thousands of $) 2023 (1) 2024 2025 2026 2027 2028+ Hilli (2) 42,488 82,890 79,943 76,996 74,133 340,482 (1) For the six months ending December 31, 2023. (2) The payment obligations above include variable rental payments due under the lease based on an assumed SOFR plus margin. The assets and liabilities of the lessor VIE that most significantly impact our unaudited consolidated balance sheet as of June 30, 2023 and December 31, 2022, are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Assets Restricted cash and short-term deposits 18,804  21,691  Liabilities Debt: Current portion of long-term debt and short-term debt (1) (314,683) (337,547) Long-term debt (1) (121,021) (156,563) (435,704) (494,110) (1) Where applicable, these balances are net of deferred finance charges. The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: (in thousands of $) 2023 2022 Continuing operations Statement of operations Interest expense 5,273  2,878  Statement of cash flows Net debt repayments (52,359) (50,570) (in thousands of $) 2023 2022 Financing costs paid (3,150) —  Discontinued operations Statement of operations Interest expense —  3,814  12.2    Golar Hilli LLC Hilli LLC owns Golar Hilli Corp. (“Hilli Corp”), the disponent owner of FLNG Hilli. The ownership interests in Hilli LLC are represented by three classes of units: the Hilli Common Units, the Series A Special Units and the Series B Special Units. In July 2018, we and affiliates of Keppel Shipyard Limited (“Keppel”) and Black & Veatch Corporation (“B&V”) completed the sale of 1,230 Hilli Common Units to our former affiliate, Golar Partners. We are the managing member of Hilli LLC and are responsible for all operational, management and administrative decisions relating to Hilli LLC’s business. We have retained sole control over the most significant activities and the greatest exposure to variability in residual returns and expected losses from the FLNG Hilli and, as a result, we concluded that Hilli LLC is a VIE, that we are the primary beneficiary and that we consolidate both Hilli LLC and Hilli Corp. The ownership interests in Hilli LLC held by Keppel, B&V and Golar Partners are considered non-controlling interests. The July 2018 disposal of the non-controlling interests in Hilli LLC represented a decrease in our ownership interest in Hilli LLC while control is retained and this disposal was considered an equity transaction. In April 2021, we sold Golar Partners to NFE, which included its 1,230 Hilli Common Units. On March 15, 2023, we repurchased the 1,230 Hilli Common Units, held by Golar Partners from NFE in exchange for payment of $100.0 million cash, our 4.1 million NFE Shares with a fair value of $116.9 million and our assumption of distribution rights to these 1,230 Hilli Common Units for the period from January 1 to March 15, 2023 (which NFE waived) with a fair value of $3.9 million (the “Hilli Buyback”). The Hilli Buyback is a reacquisition of a non-controlling interest in Hilli LLC, a consolidated VIE. We reconsidered whether Hilli LLC is a VIE and concluded that following the Hilli Buyback, we continue to have a variable interest in Hilli LLC, Hilli LLC remains a VIE, we remain the primary beneficiary and continue to consolidate Hilli LLC. The Hilli Buyback represents an increase in our ownership interest in Hilli LLC while control is retained and this reacquisition is considered an equity transaction. A loss of $251.2 million for the Hilli Buyback is recorded in equity. Following the Hilli Buyback and as of June 30, 2023, the ownership structure of Hilli LLC is as follows: Percentage ownership interest Hilli Common Units Series A Special Units Series B Special Units Golar LNG Limited 94.6  % 89.1  % 89.1  % Keppel 5.0  % 10.0  % 10.0  % B&V 0.4  % 0.9  % 0.9  % Summarized financial information of Hilli LLC The assets and liabilities of Hilli LLC (1) that most significantly impact our unaudited consolidated balance sheet are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Balance sheet Current assets 62,666  105,738  Non-current assets 1,287,528  1,481,722  Current liabilities (390,197) (381,131) Non-current liabilities (160,715) (240,146) (1) As Hilli LLC is the primary beneficiary of the lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE. The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: (in thousands of $) 2023 2022 Statement of operations Liquefaction services revenue 116,594  123,421  Realized and unrealized gain on oil and gas derivative instruments (87,754) 447,257  Statement of changes in equity Additional paid-in capital (251,249) —  Non-controlling interest 35,644  —  Statement of cash flows Reacquisition of common units in Hilli LLC (100,047) —  Net debt repayments (52,359) (50,570) Financing costs paid (3,150) —  Cash dividends paid (17,842) (25,305) 12.3    Gimi MS Corporation Following the closing of the sale of 30% of the common shares of Gimi MS Corporation (“Gimi MS”) to First FLNG Holdings in April 2019, we have determined that (i) Gimi MS is a VIE and (ii) we are the primary beneficiary and retain sole control over the most significant activities and the greatest exposure to variability in residual returns and expected losses from the Gimi. Thus, Gimi MS continues to be consolidated into our financial statements. Summarized financial information of Gimi MS The assets and liabilities of Gimi MS that most significantly impact our unaudited consolidated balance sheet are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Balance sheet Current assets 23,050  12,460  Non-current assets 1,369,738  1,195,725  Current liabilities (62,178) (10,666) Non-current liabilities (603,302) (516,298) The most significant impact of Gimi MS VIE’s operations on our unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Statement of cash flows Additions to asset under development 138,102  175,230  Capitalized financing costs (1,156) (2,080) Net debt receipts 85,000  125,000  Proceeds from subscription of equity interest 21,118  11,270

v3.23.2

Restricted Cash and Short-Term Deposits	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Restricted cash and short-term deposits	RESTRICTED CASH AND SHORT-TERM DEPOSITS Our restricted cash and short-term deposits balances are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Restricted cash in relation to the FLNG Hilli (1) 60,973  60,952  Restricted cash in relation to the Golar Arctic performance guarantee (2) 39,691  38,822  Restricted cash and short-term deposits held by lessor VIE (3) 18,804  21,691  Restricted cash in relation to the LNG Croatia (4) 11,772  11,504  Restricted cash relating to office lease 979  1,074  Total restricted cash and short-term deposits 132,219  134,043  Less: Amounts included in current restricted cash and short-term deposits (58,495) (21,693) Non-current restricted cash 73,724  112,350  (1) In November 2015, in connection with the issuance of a $400 million letter of credit (“LC”) by a financial institution to the Customer, we recognized an initial cash collateral of $305.0 million to support the FLNG Hilli performance guarantee. Under the provisions of the LC, the terms allow for a stepped reduction in the value of the guarantee over time and a corresponding reduction to the cash collateral requirements. In May 2021, the FLNG Hilli had achieved 3.6 million tons of LNG production, reducing the LC to $100.0 million and the cash collateral to $61.0 million as of June 30, 2023. (2) In connection with the Arctic SPA, we were required to provide a performance guarantee of €26.9 million and advance repayment guarantees totaling €163.9 million, which corresponds to the three installment payments from Snam. The performance guarantee and the first of three advance repayment guarantee of $30.2 million (€26.9 million) and $9.0 million (€8.1 million), respectively, secure our contractual and performance obligations of the conversion of the Golar Arctic. As of June 30, 2023, Snam’s option to exercise the notice to proceed lapsed, rendering the Arctic SPA terminated. At June 30, 2023, the process of releasing the cash collaterals is in progress, which process is expected to be complete within 2-3 months. Consequently, restricted cash was reclassified from non-current to “Restricted cash and short-term deposits” on the unaudited consolidated balance sheet. (3) These are amounts held by lessor VIE that we are required to consolidate under U.S. GAAP into our financial statements as a VIE (note 12). (4) In connection with the LNG Hrvatska O&M Agreement, we are required to maintain two performance guarantees, one in the amount of €9.3 million and one in the amount of $1.3 million, both of which will remain restricted throughout the 10-year term until December 2030.

v3.23.2

Other Current Assets	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other current assets	OTHER CURRENT ASSETS Other current assets consist of the following: (in thousands of $) June 30, 2023 December 31, 2022 MTM asset on TTF linked commodity swap derivatives (note 21) 44,628  73,583  Receivable from TTF linked commodity swap derivatives 7,581  4,638  MTM asset on IRS derivatives (note 21) 5,557  —  Interest receivable from money market deposits and bank accounts 4,950  3,617  Prepaid expenses 3,319  2,760  Receivable from IRS derivatives 2,461  1,923  Investment in listed equity securities (notes 8 and 12) —  224,788  Other receivables 4,166  3,925  Other current assets 72,662  315,234

v3.23.2

Asset Under Development	6 Months Ended
	Jun. 30, 2023
Extractive Industries [Abstract]
Asset under development	ASSET UNDER DEVELOPMENT (in thousands of $) June 30, 2023 December 31, 2022 Opening asset under development balance 1,152,032  877,838  Additions 115,264  221,184  Interest costs capitalized 33,452  53,010  Closing asset under development balance 1,300,748  1,152,032  15.1. Gimi conversion financing The aggregate conversion cost including financing costs is approximately $1.6 billion of which $700.0 million is funded by the Gimi facility (note 18). As of June 30, 2023, the estimated timing of the outstanding payments is as follows: (in thousands of $) Period ending December 31, 2023 (1) 214,431  2024 183,057  Total 397,488  (1) For the six months ending December 31, 2023. 15.2. Gimi LOA In February 2019, we entered into a Lease and Operate Agreement (which was subsequently amended and restated in September 2021) with BP Mauritania Investments Limited (“BP”), Gimi MS and our subsidiary Golar MS Operator S.A.R.L. (the “LOA”). The LOA provides for the construction and conversion of Gimi to a FLNG, transit, mooring and connection to BP’s project infrastructure, commissioning with BP’s upstream facilities including its floating production, storage and offloading vessel, completing specified acceptance tests, followed by the commencement of commercial operations (“COD”). Following COD, we will operate and maintain FLNG Gimi and make her capacity exclusively available for the liquefaction of natural gas from the Greater Torture/Ahmeyim (“GTA”) Project and offloading of LNG produced for a period of twenty years. Pursuant to the LOA, we and BP are required to meet various delivery schedules and delays result in contractual prepayments between the parties in advance of COD (note 15.3). Post COD, the contractual dayrate is comprised of capital and operating elements. As of June 30, 2023, the FLNG Gimi is 95% technically complete. The yard departure date for FLNG Gimi has been postponed from the first half of 2023 to Q3 2023 to allow for vessel completion and testing and a greater proportion of commissioning works to be performed in Singapore where requisite skills and resources are more accessible. The updated sail away timing is not expected to impact first feed gas on the GTA Project. As a result of project delays, pre-commissioning contractual cash flows under the LOA have started. A LOA contract interpretation dispute regarding parts of these pre-commissioning contractual cash flows currently exists between BP and Golar, regarding payments due from BP to Golar as a result of the delays previously announced in 2020 related to force majeure claims. The dispute does not impact the wider execution of the 20 years GTA Project. 15.3. Gimi LOA prepayments As of June 30, 2023, Gimi MS has recognized $25.4 million of pre-commissioning contractual cash flows due to BP pursuant to the LOA. Given the complexity and interdependencies of the activities required during the project mobilization and commissioning leading to COD, it is difficult for us to reasonably estimate eventual net payments/receipts. We expect any net payments/receipts in advance of COD to be insignificant in the context of the cash flows we expect to generate over the term of the LOA. A LOA contract interpretation dispute regarding certain of these contractual prepayments exists. As of June 30, 2023, Gimi MS is due $22.1 million of Project Delay Payment (“PDPs”) from BP pursuant to the LOA. Gimi MS has followed the dispute resolution provisions included in the LOA however as of June 30, 2023, the dispute remains unresolved. We have considered the contractual PDPs receivable from BP as a contingent gain and have not recognized such amount as an asset. Any amount we may recover will not be reflected in our unaudited consolidated financial statements until such time as the PDPs contractual dispute has been resolved and amount is realized or realizable (note 24).

v3.23.2

Equity Method Investments	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	EQUITY METHOD INVESTMENTS Six months ended June 30, (in thousands of $) 2023 2022 Share of net losses of Avenir (2,879) (2,537) Share of net income of CoolCo 1,491  5,390  Share of net income of other equity method investments 269  156  Gain on disposal of CoolCo (1) 823  —  Net (losses)/income from equity method investments (296) 3,009  The carrying amounts of our equity method investments as of June 30, 2023 and December 31, 2022 are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Avenir 39,095  41,790  CoolCo (1) —  55,439  Others (2) 7,149  6,879  Equity method investments 46,244  104,108  (1) In March 2023, we sold 4.5 million of our CoolCo shares at NOK 130/$12.60 per share for net consideration of $56.1 million, inclusive of $0.1 million fees. As of June 30, 2023, following the sale of our CoolCo shares, we retain one common share in CoolCo which is required by, covenants relating to the guarantees which we provide to CoolCo. The gain on disposal of $0.8 million is included in the unaudited consolidated statement of operations line-item “Net income/(losses) from equity method investments.” (2) “Others” refers to our equity method investments in Egyptian Company for Gas Services S.A.E and Aqualung Carbon Capture.

v3.23.2

Other Non-Current Assets	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other non-current assets	OTHER NON-CURRENT ASSETS Other non-current assets are comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Oil derivative instrument (note 21) 107,955  182,795  Gas derivative instrument (note 21) 101,542  196,184  MTM asset on IRS derivatives (note 21) 47,960  54,970  MTM asset on TTF linked commodity swap derivatives (note 21) 46,565  39,785  Operating lease right-of-use-assets (1) 8,252  5,653  Others (2) 143,412  32,652  Other non-current assets 455,686  512,039  (1) Operating lease right-of-use-assets mainly comprise of our office leases. (2) Included within “Others” as of June 30, 2023 and December 31, 2022 are pre-commissioning contractual cash flows in relation to the Gimi LOA of $25.4 million and $nil, and capitalized engineering costs, long lead items and deposit for a donor vessel of $38.0 million, $59.8 million and $15.5 million; and $16.7 million, $10.4 million and $nil, in relation to our MKII FLNG project, respectively (note 23).

v3.23.2

Debt	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt	DEBT As of June 30, 2023 and December 31, 2022, our debt was as follows: (in thousands of $) June 30, 2023 December 31, 2022 Gimi facility (note 15.1) (620,000) (535,000) Unsecured Bonds (138,706) (159,029) Golar Arctic facility (18,237) (21,884) Subtotal (excluding lessor VIE debt) (776,943) (715,913) CSSC VIE debt - FLNG Hilli facility (1) (442,007) (494,366) Total debt (gross) (1,218,950) (1,210,279) Less: Deferred financing costs (2) 29,672  20,955  Total debt, net of deferred financing costs (1,189,278) (1,189,324) At June 30, 2023, our debt, net of deferred financing costs, is broken down as follows: Golar debt VIE debt (1) Total debt (in thousands of $)   Current portion of long-term debt and short-term debt (7,245) (314,683) (321,928) Long-term debt (746,329) (121,021) (867,350) Total (753,574) (435,704) (1,189,278) (1) These amounts relate to a certain lessor entity (for which legal ownership resides with a financial institution) that we are required to consolidate into our financial statements as a VIE (note 12). (2) In June 2023, we executed an amendment to the terms of our $300 million senior unsecured bonds (“Unsecured Bonds”), effective from May 25, 2023 and paid a one-off fee of $5.2 million to bondholders which has been deferred and amortized over the remaining term of the Unsecured Bonds (see below). In June 2023, we entered into the fourth side letter for FLNG Hilli’s sale and leaseback facility, incurring total fees of $6.3 million which has been deferred and amortized over the remaining term of the sale and leaseback facility (note 12). Unsecured Bonds In March 2023, we repurchased $4.5 million of the Unsecured Bonds at 99.75% of par for a total consideration of $4.6 million, inclusive of accrued interest up to March 22, 2023 of $0.1 million and recognized a loss on extinguishment of $44.4 thousand in “Other financial items, net” in the unaudited consolidated statement operations. In April 2023, we repurchased a further $15.9 million of the Unsecured Bonds at 100.4% of par for a total consideration of $16.5 million, inclusive of accrued interest up to April 4, 2023 of $0.5 million and recognized a loss on extinguishment of $0.3 million in “Other financial items, net” in the unaudited consolidated statement operations. These repurchases did not result in an amendment to the terms of the remaining outstanding Unsecured Bonds. Following the approval by bondholders, in June 2023, we executed an amendment to the terms of the Unsecured Bonds with effect from May 25, 2023, specifically the definition of permitted distributions, removal of restriction to pay distributions and the introduction of a $100.0 million free liquid assets incurrence test and in exchange for a one-time consent fee of 3.75% of the nominal amount of the outstanding Unsecured Bonds or $5.2 million that we paid to bondholders, which is treated as an additional debt discount and amortized as an adjustment of interest expense over the remaining term of the modified debt.

v3.23.2

Other Current Liabilities	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other current liabilities	OTHER CURRENT LIABILITIES Other current liabilities is comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Underutilization liability (note 5) (29,233) —  Day 1 gain deferred revenue - current portion (1) (note 20) (12,783) (12,783) Deferred revenue (4,220) (6,080) Current portion of operating lease liability (989) (1,328) Demurrage cost (note 5) (288) (1,608) Contract liability (note 5) (2,325) (4,177) Other payables (9,688) (1,469) Other current liabilities (59,526) (27,445) (1) Current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 5). As of June 30, 2023, the Day 1 gain deferred revenue - current portion relating to FLNG Hilli’s oil and gas derivative instruments is $10.0 million and $2.8 million, respectively (December 31, 2022: $10.0 million and $2.8 million).

v3.23.2

Other Non-Current Liabilities	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other non-current liabilities	OTHER NON-CURRENT LIABILITIES Other non-current liabilities is comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Day 1 gain deferred revenue (1) (25,501) (31,720) Pension obligations (23,459) (24,269) Deferred commissioning period revenue (2) (8,353) (10,396) Non-current portion of operating lease liabilities (6,614) (3,587) Golar Arctic’s contract liability (3) —  (7,816) Underutilization liability (note 5) —  (35,806) Other payables (4) (6,970) (6,834) Other non-current liabilities (70,897) (120,428) (1) Non-current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 7). As of June 30, 2023, the non-current portion of the Day 1 gain deferred revenue relating to FLNG Hilli’s oil and gas derivative instruments is $19.7 million and $5.8 million, respectively (December 31, 2022: $24.5 million and $7.2 million). (2) The Customer’s billing during the commissioning period, prior to vessel acceptance and commencement of the LTA, which is considered an upfront payment for services. These amounts billed are recognized as part of “Liquefaction services revenue” in the unaudited consolidated statements of operations evenly over the LTA contract term, with this commencing on the Customer’s acceptance of the FLNG Hilli. The current portion of deferred commissioning period billing is included in “Other current liabilities” (note 19). (3) “Golar Arctic’s contract liability” represents the first advance payment received from Snam in relation to the Arctic SPA. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed. In accordance with the Arctic SPA, we retain the first advance payment (note 5). (4) Included in “Other payables” as of June 30, 2023 and December 31, 2022 is an asset retirement obligation of $5.8 million and $5.7 million, respectively. The corresponding mooring asset of $4.7 million is recorded within “Vessels and equipment, net” in the unaudited consolidated balance sheets.

v3.23.2

Financial Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial instruments	FINANCIAL INSTRUMENTS Fair values We recognize our fair value estimates using a fair value hierarchy based on the inputs used to measure fair value. The fair value hierarchy has three levels based on reliability of inputs used to determine fair value as follows: Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3: Unobservable inputs that are not corroborated by market data. The carrying values and estimated fair values of our financial instruments at June 30, 2023 and December 31, 2022 are as follows: June 30, 2023 December 31, 2022 (in thousands of $) Fair value hierarchy Carrying value Fair value Carrying value Fair value Non-Derivatives: Cash and cash equivalents (1) (2) Level 1 770,567  770,567  878,838  878,838  Restricted cash and short-term deposits (3) Level 1 132,219  132,219  134,043  134,043  Trade accounts receivable (3) Level 1 37,605  37,605  41,545  41,545  Interest receivable from money-market deposits and bank accounts (3) Level 1 4,950  4,950  3,617  3,617  Receivable from TTF linked commodity swap derivatives (3) Level 1 7,581  7,581  4,638  4,638  Receivable from IRS derivatives (3) Level 1 2,461  2,461  1,923  1,923  Investment in listed equity securities (4) Level 1 —  —  224,788  224,788  Trade accounts payable (3) Level 1 (16,300) (16,300) (8,983) (8,983) Assets held for sale (note 4) Level 1 14,979  14,979  —  —  Assets held for sale (note 11) Level 2 —  —  721  721  Liabilities held for sale (note 11) Level 2 —  —  (373) (373) Current portion of long-term debt and short-term debt (2) (5) (6) Level 2 (322,902) (322,902) (344,960) (344,960) Long-term debt (5) (6) Level 2 (757,342) (757,342) (706,290) (706,290) Long-term debt - Unsecured Bonds (5) (7) Level 1 (138,706) (134,802) (159,029) (158,092) Derivatives: Oil and gas derivative instruments (8) Level 2 209,497  209,497  378,979  378,979  Asset on IRS derivatives (9) Level 2 53,517  53,517  54,970  54,970  Asset on TTF linked commodity swap derivatives (9) Level 2 91,193  91,193  113,368  113,368  (1) These instruments carrying value are highly liquid and deemed reasonable estimates of fair value. (2) Included within cash and cash equivalents of $770.6 million, $878.8 million and $528.6 million are $668.7 million, $634.2 million and $420.2 million held in short-term money-market deposits as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively. During the six months ended June 30, 2023 and 2022, we earned interest income of $17.8 million and $0.4 million, respectively on short-term money-market deposits. (3) These instruments are considered to be equal to their estimated fair value because of their near term maturity. (4) “Investment in listed equity securities” refers to our NFE Shares (note 14). The fair value was based on the NFE closing share price as of the balance sheet date. (5) Our debt obligations are recorded at amortized cost. The amounts presented in the table above are gross of the deferred charges which amounted to $29.7 million and $21.0 million at June 30, 2023 and December 31, 2022, respectively. (6) The estimated fair values for both the floating long-term debt and short-term debt are considered to be equal to the carrying value since they bear variable interest rates, which are calculated on a quarterly basis.   (7) The estimated fair value of our Unsecured Bonds are based on their quoted market prices as of the balance sheet date. (8) The fair value of the oil and gas derivative instruments is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil and gas prices moving above the contractual floor price over the remaining term of the LTA. Significant inputs used in the valuation of the oil and gas derivative instruments include the Euro/U.S. Dollar exchange rates based on the forex forward curve for the gas derivative instrument and management’s estimate of an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets. (9) The fair value of certain derivative instruments is the estimated amount that we would receive or pay to terminate the agreements at the reporting date, taking into account current interest rates, foreign exchange rates, closing quoted market prices and our creditworthiness and that of our counterparties. The credit exposure of certain derivative instruments is represented by the fair value of contracts with a positive value at the end of each period, reduced by the effects of master netting arrangements. As of June 30, 2023, we were party to the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below: Instrument Notional value Maturity dates Fixed interest rates Interest rate swaps: Receiving floating, pay fixed 729,792  June 2024 to November 2029 1.69% - 2.37% Commodity price risk management Although the LTA bills at a base rate of $60.00 per barrel over the contract term for 1 million tons of LNG, we bear no downside risk to the movement of oil prices should the oil price move below $60.00. Pursuant to LTA Amendment 3, 0.2 million tons per year of LNG is linked to the TTF index and the Euro/U.S. Dollar foreign exchange movements. We have entered into commodity swaps to economically hedge our exposure to a portion of FLNG Hilli’s tolling fee that is linked to the TTF index, by swapping variable cash receipts that are linked to the TTF index for anticipated future production volumes with fixed payments from our TTF swap counterparties. We have entered into master netting agreements with our counterparties and are subject to nominal credit risk, where relevant, these transactions are settled on a daily margin basis with investment grade institutions. Instrument Notional quantity (MMBtu) Maturity date Fixed price/MMBtu Commodity swap derivatives:       Receiving fixed, pay floating 3,226,002 2023 - 2024 $49.50 to $51.20 Receiving floating, pay fixed 3,226,002 2023 - 2024 $20.55 to $22.00

v3.23.2

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related party transactions	RELATED PARTY TRANSACTIONS a) Transactions with existing related parties: Receivables: The balances with Avenir as of June 30, 2023 and December 31, 2022 consisted of the following: (in thousands of $) June 30, 2023 December 31, 2022 Avenir 7,093  3,472  Total 7,093  3,472  Balances due from Avenir - Amounts due from Avenir are comprised primarily of unpaid debt guarantee fees, revolving shareholder loan and other related arrangements. In 2021, we advanced a one year revolving shareholder loan of $1.8 million to Avenir. In October 2022, the revolving shareholder loan was extended to three years. The facility bears a fixed interest rate of 5% per annum which was amended to 7% in May 2023. Concurrently, we loaned a further $3.5 million to Avenir, totaling to $5.3 million. As of June 30, 2023, the shareholder loan is fully drawn. The combined interest and commitment fee receivables on the undrawn portion of the loan amounted to $0.1 million and $0.1 million for the six months ended June 30, 2023 and 2022, respectively. b) Transactions with former related parties Following the sale of our CoolCo shares on March 2, 2023, CoolCo ceased to be a related party and subsequent transactions with CoolCo and its subsidiaries are treated as a third party transaction and settled under normal payment terms. Net revenues: The following table represent the transactions with CoolCo and its subsidiaries for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022: (in thousands of $) Period ended January 1, 2023 to March 2, 2023 Six months ended June 30, 2022 Management and administrative services revenue (1) 588  1,160  Ship management fees revenue (2) —  1,249  Ship management fees expense (3) (333) —  Debt guarantee fees (4) 175  279  Commitment fee (5) 21  54  Total 451  2,742  (1) Management and administrative services revenue – Golar Management Limited (“Golar Management”), a wholly-owned subsidiary of Golar, and Golar Management (Bermuda) Ltd, entered into the transition services agreement with CoolCo (the “CoolCo TSA” which was subsequently replaced with the CoolCo ASA), pursuant to which we provided corporate administrative services to CoolCo. The CoolCo ASA expired on June 30, 2023. (2) Ship management fee revenue – We provided commercial and technical management to the LNG carriers subsequent to their disposal to CoolCo under the existing management agreements, however the CoolCo TSA revised the annual management fee payable to us per vessel. On June 30, 2022, upon completion of the CoolCo Disposal, the ship management agreements were terminated. (3) Ship management fee expense – Following completion of the CoolCo Disposal in June 2022, we entered into ship management agreements with CoolCo, for CoolCo to manage our LNG carriers, the Golar Arctic and Golar Tundra, and we pay ship management fees which amounted to $0.2 million for the period from January 1, 2023 to March 2, 2023. We also entered into an agreement to sub-contract our contractual vessel management obligations for the LNG Croatia, which amounted to $0.1 million for the period from January 1, 2023 to March 2, 2023. There was no comparable expense incurred for the same period in six months ended June 30, 2022. (4) Debt guarantee fees – We agreed to remain as the guarantor of the payment obligations for the sale and lease-back obligations of two of the disposed subsidiaries, which are the disponent owners of the Golar Ice and Golar Kelvin, in exchange for a guarantee fee of 0.5% on the outstanding principal balances of $193.8 million. The compensation amounted to $0.2 million and $0.3 million for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively. (5) Commitment fee – We advanced a two years revolving credit facility of $25.0 million to CoolCo which bears a fixed interest rate and commitment fee on the undrawn loan of 5% and 0.5% per annum, respectively. The commitment fee amounted to $21.0 thousand and $54.0 thousand for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively. CoolCo terminated the revolving credit facility on May 28, 2023. Receivables: The balances with CoolCo and its subsidiaries as of December 31, 2022 consisted of the following: (in thousands of $) December 31, 2022 Balance due from CoolCo and subsidiaries (6) 394  (6) Balances due from CoolCo and its subsidiaries - Amounts due to/from CoolCo and its subsidiaries are comprised primarily of unpaid management services, amounts arising from the results of CoolCo’s vessels participating in the Cool Pool, revolving credit facility, commitment fees and other related arrangements. Payables and receivables are generally settled quarterly in arrears. Balances owing to or due from CoolCo and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business. Other transactions: Net Cool Pool expenses - The eight TFDE vessels sold in the CoolCo Disposal during the six months ended June 30, 2022 were previously managed by Golar under the terms of the Cool Pool. The net expenses relating to the CoolCo’s vessels participation in the pool amounted to $2.0 million for the six months ended June 30, 2022. There was no comparable expense for the period from January 1, 2023 to March 2, 2023. This is presented in our unaudited consolidated statement of operations in the line item “Net income/(loss) from discontinued operations”. Subleases with CoolCo - Following the completion of the CoolCo Disposal, we entered into a sublease to share office space with CoolCo which amounted to $63.0 thousand income for the period from January 1, 2023 to March 2, 2023. There was no comparable income for the six months ended June 30, 2022. Share-based payment to CoolCo employees - Following the completion of the CoolCo Disposal, we agreed to honor the restricted stock units granted to the officers and employees in the shipping and FSRU management business that CoolCo acquired. The net expenses relating to these share-based payments amounted to $53.0 thousand for the period from January 1, 2023 to March 2, 2023 and is included in the line item “Net income/(losses) from equity method investments.” There was no comparable expense for the six months ended June 30, 2022.

v3.23.2

Other Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Other commitments and contingencies	OTHER COMMITMENTS AND CONTINGENCIES Assets pledged (in thousands of $) June 30, 2023 December 31, 2022 Book value of vessels secured against loans (1) 1,091,145  1,115,500  (1) This excludes the Gimi which is classified as “Assets under development” (note 15) and secured against its specific debt facility (note 18). Capital Commitments •Gandria We have agreed contract terms for the conversion of the Gandria to a FLNG which is subject to certain payments and lodging of a full notice to proceed. We have also provided a guarantee to cover the sub-contractor’s obligations in connection with the conversion of the vessel. If we do not proceed with the conversion, we may be liable for certain termination payments. In June 2023, we agreed to replace the Gandria as a specific donor vessel with a generic LNG carrier, preventing a trigger for termination payments. •MKII FLNG In 2022, our Board of Directors approved up to $328.5 million of capital expenditures for the MKII FLNG. As of June 30, 2023, we entered into agreements for engineering services and long lead items amounting to $206.6 million (note 17). In May 2023, we exercised our option to purchase Fuji LNG, a donor vessel for a prospective MKII FLNG project, with the balance of the purchase price of $62.0 million due on eventual delivery of the vessel which we currently expect in Q1 2024.

v3.23.2

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent events	SUBSEQUENT EVENTS Dividends In August 2023, we declared a dividend of $0.25 per share in respect of the three months ended June 30, 2023 to shareholders of record on August 21, 2023, which will be paid on or around August 29, 2023. Gimi LOA prepayments In August 2023, Gimi MS initiated arbitration proceedings by issuing a request for arbitration. Legal proceedings are inherently unpredictable and subject to significant uncertainties. The resolution of this matter may take several months or years and no assurance can be given that our claim will be successful. In the event of a favorable resolution we may expect be entitled to recover a portion of our legal costs and fees incurred from BP. In the event of an unfavorable resolution, we may not be entitled to recover the Project Delay Payment in part or in full and we may be required to reimburse a portion of BP’s legal costs and fees incurred.

v3.23.2

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of accounting	These unaudited consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated financial statements do not include all of the disclosures required under U.S. GAAP in annual consolidated financial statements, and should be read in conjunction with our audited consolidated annual financial statements for the year ended December 31, 2022, which are included in our annual report on Form 20-F for the fiscal year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission on March 31, 2023.
Contingencies	We may, from time to time, be involved in various legal proceedings, claims, lawsuits and complaints that arise in the ordinary course of business. We will recognize a contingent liability in our financial statements if the contingency has occurred at the date of the financial statements and where we believe that the likelihood of loss was probable and the amount can be reasonably estimated. If we determine that the reasonable estimate of the loss is a range and there is no best estimate within the range, we will provide the lower amount within the range. A contingent gain is only recognized when the amount is considered realized or realizable. Legal costs are expensed as incurred.
Use of estimates	The preparation of financial statements requires management to make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of material contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In assessing the recoverability of our vessels’ carrying amounts, we make assumptions regarding estimated future cash flows, estimates in respect of residual values, charter rates, vessel operating expenses and drydocking requirements. In relation to the oil derivative instrument (note 21), fair value is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil prices moving above a contractual oil price floor over the term of the FLNG Hilli Liquefaction Tolling Agreement (“LTA”) with Perenco Cameroon S.A. and Société Nationale des Hydrocarbures (together, the “Customer”). The fair value of the gas derivative is determined using the estimated discounted cash flows of the additional payments due to us as a result of forecasted natural gas prices and forecasted Euro/U.S. Dollar exchange rates. Significant inputs used in the valuation of the oil and gas derivative instruments include an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets. The changes in fair value of our oil and gas derivative instruments are recognized in each period within “Realized and unrealized (loss)/gains on oil and gas derivative instruments” in the unaudited consolidated statement of operations (note 7). Accrued overproduction revenue/(accrued underutilization adjustment) pursuant to the LTA is variable consideration that is estimated at each reporting date based upon certain estimates and assumptions. Our estimation of variable consideration includes an assessment of probability of producing the contracted capacity per given contract year, which considers an assessment of our expected operational performance (such as expected scheduled and unscheduled maintenance) and the expected operational performance of the Customer (such as delays in receipt of feedgas and offtake scheduling issues), application of the expected value method, determining if the estimated amount of variable consideration should be constrained and by what amount and our estimate of the expected tolling fee for the given contract year. The changes in our estimates of this variable consideration are recognized in “Liquefaction services revenue” and “Other operating income” (note 5) and “Underutilization liability” (note 19).
Adoption of new accounting standards and Accounting pronouncements that have been issued but not adopted	Adoption of new accounting standards In March 2020, the FASB issued ASU 2020-04 Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, as amended by ASU 2021-01 Reference Rate Reform (Topic 848): Scope issued in January 2021 and ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 issued in December 2022. This guidance provides temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met, which are available for election until December 31, 2024. Amendments to certain contracts affected by reference rate reform have been entered into and we will continue to assess remaining amendments prospectively, applying the optional expedients where available, however we do not believe there will be a significant impact on our consolidated financial statements following adoption of the reference rate reform. In October 2021, the FASB issued ASU 2021-08 Business Combinations (Topic 805) - Accounting for contract assets and contract liabilities from contracts with customers. We adopted this with effect from January 1, 2023. The adoption of ASU 2021-08 had no impact on our consolidated financial statements. Accounting pronouncements that have been issued but not yet adopted The following table provides a brief description of other recent accounting standards that have been issued but not yet adopted as of June 30, 2023: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2022-03 Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions This amendment is intended to reduce diversity in practice in the measurement of the fair value of equity securities subject to contractual sale restrictions. For entities that have investments in equity securities that are subject to contractual sale restrictions, the contractual restriction on the sale is not considered part of the unit of account of the equity security, is not considered when measuring fair value and additional disclosures are required. This amendment is required to be applied prospectively from date of adoption; early adoption is permitted. January 1, 2024 No impact currently expected as a result of the adoption of this ASU.

v3.23.2

Recently Issued Accounting Standards (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Schedule of new accounting pronouncements and changes in accounting principles	The following table provides a brief description of other recent accounting standards that have been issued but not yet adopted as of June 30, 2023: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2022-03 Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions This amendment is intended to reduce diversity in practice in the measurement of the fair value of equity securities subject to contractual sale restrictions. For entities that have investments in equity securities that are subject to contractual sale restrictions, the contractual restriction on the sale is not considered part of the unit of account of the equity security, is not considered when measuring fair value and additional disclosures are required. This amendment is required to be applied prospectively from date of adoption; early adoption is permitted. January 1, 2024 No impact currently expected as a result of the adoption of this ASU.

v3.23.2

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Reconciliation of net profit / (loss) to adjusted EBITDA	A reconciliation of net (loss)/income to Adjusted EBITDA for the six months ended June 30, 2023 and 2022 is as follows: (in thousands of $) 2023 2022 Net (loss)/income (85,659) 696,552  Income taxes 1,697  148  (Loss)/income before income taxes (83,962) 696,700  Depreciation and amortization 25,027  26,847  Impairment of long-lived assets (1) 5,021  76,155  Unrealized loss/(gain) on oil and gas derivative instruments (note 7) 191,657  (349,607) Realized and unrealized mark-to-market losses/(gains) on investment in listed equity securities (note 8) 62,308  (295,048) Other non-operating income, net (note 8) (9,823) (10,023) Interest income (23,318) (954) Interest expense 972  11,435  Gains on derivative instruments, net (note 9) (2,297) (47,877) Other financial items, net (note 9) 1,375  3,584  Net losses/(income) from equity method investments (note 16) 296  (3,009) Net (income)/loss from discontinued operations (note 11) (293) 82,372  Adjusted EBITDA 166,963  190,575  (1) In May 2023, we entered into an Agreement for the sale and recycling of the Gandria (“Gandria SPA”) with Last Voyage, DMCC (the “Buyer”) for net consideration of $15.2 million, of which $2.3 million was received in advance in May 2023 (note 19). The Buyer agreed to purchase the Gandria (including vessel and onboard equipment) for demolition and recycling which will take place at a ship recycling facility in India. The Gandria SPA is expected to be completed on or before October 31, 2023. In late May 2023, the held for sale presentation criteria was met, and we reclassified the Gandria, previously in our FLNG segment as held-for-sale and remeasured the vessel and onboard equipment to lower of her carrying value and fair value less estimated costs to sell, recognizing an impairment charge of $5.0 million. In May 2022, entry into a sale and purchase agreement (the “Arctic SPA”) with SNAM RETE Gas S.p.A (part of “Snam”) changed the expected recovery of Golar Arctic’s carrying amount from continued use in operations over her remaining useful life, to recovery from sale, and was considered an indicator of impairment. The revised future estimated cash flows were less than her carrying amount on June 30, 2022 and an impairment charge of $76.2 million was recognized, reflecting an adjustment to her fair value (based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market).
Segment reporting Information	Six months ended June 30, 2023 (in thousands of $) FLNG Corporate and other (1) Shipping Total results from continuing operations Statement of Operations: Total operating revenues 116,594  24,044  10,860  151,498  Vessel operating expenses (31,512) (9,670) (2,100) (43,282) Voyage, charterhire and commission expenses (300) (19) (141) (460) Administrative (expenses)/income (92) (17,979) 9  (18,062) Project development expenses (2,237) (34,713) —  (36,950) Realized gain on oil and gas derivative instruments, net (note 7) 103,903  —  —  103,903  Other operating income 2,499  7,817  —  10,316  Adjusted EBITDA 188,855  (30,520) 8,628  166,963  Net (losses)/income from equity method investments (note 16) —  (2,610) 2,314  (296) (1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments. Balance Sheet: June 30, 2023 (in thousands of $) FLNG Corporate and other Shipping Segment assets from continuing operations Assets held for sale Total assets Total assets 2,829,840  1,039,627  46,337  3,915,804  14,979  3,930,783  Equity method investments (note 16) —  46,244  —  46,244  —  46,244  Six months ended June 30, 2022 (in thousands of $) FLNG Corporate and other (1) Shipping Total results from continuing operations Statement of Operations: Total operating revenues 123,421  13,509  3,235  140,165  Vessel operating expenses (29,153) (3,228) (3,819) (36,200) Voyage, charterhire and commission expenses (300) (50) (1,109) (1,459) Administrative (expenses)/income (29) (20,176) 69  (20,136) Project development (expenses)/income (5,002) 1,451  —  (3,551) Realized gain on oil and gas derivative instruments, net (note 7) 97,650  —  —  97,650  Other operating income 14,106  —  —  14,106  Adjusted EBITDA 200,693  (8,494) (1,624) 190,575  Net income from equity method investments (note 17) —  3,009  —  3,009  (1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments. Balance Sheet: December 31, 2022 (in thousands of $) FLNG Corporate and other Shipping Segment assets from continuing operations Assets held for sale Total assets Total assets 2,815,552  1,410,587  52,700  4,278,839  721  4,279,560  Equity method investments (note 16) —  48,669  55,439  104,108  —  104,108

v3.23.2

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following table represents a disaggregation of revenue earned from contracts with customers during the six months ended June 30, 2023 and 2022: Six months ended June 30, (in thousands of $) 2023 2022 Base tolling fee (1) 102,251  102,251  Amortization of deferred commissioning period revenue (2) 2,043  2,043  Amortization of Day 1 gains (3) 6,219  16,286  Accrued overproduction revenue/(accrued underutilization adjustment) (4) 4,074  620  Incremental base tolling fee (5) 2,500  2,500  Other (6) (493) (279) Liquefaction services revenue (9) 116,594  123,421  Management fees revenue (7) 10,114  13,509  Service revenue (8) 13,798  —  Other revenues 132  —  Vessel management fees and other revenues (9) 24,044  13,509  (1) The LTA bills at a base rate in periods when the oil price is $60 or less per barrel and at an increased rate when the oil price is greater than $60 per barrel. The oil price above the base rate is recognized as a derivative and included in “Realized and unrealized (loss)/gain on oil and gas derivative instruments” in the unaudited consolidated statements of operations (note 7). (2) Customer billing during the commissioning period, prior to vessel acceptance and commencement of the contract term was deferred (notes 19 and 20) and recognized evenly over the contract term. (3) Day 1 gain results from amount established on the initial recognition of the FLNG Hilli’s oil derivative instrument embedded in the LTA and the FLNG Hilli’s gas derivative instruments pursuant to the third amendment to the LTA (“LTA Amendment 3”) (notes 19 and 20). These amounts were deferred on initial recognition and amortized evenly over the contract term. (4) In March 2021, we signed an agreement with the Customer (“LTA Amendment 2”), to change the contract term from one linked to fixed capacity of 500.0 billion cubic feet to one of a fixed term, terminating on July 18, 2026. This amendment also permits billing adjustments for amounts over or under the annual contracted capacity in a given contract year (“overproduction” or “underutilization”, respectively), commencing from the 2019 contract year. Amounts for overproduction were invoiced at the end of a given contract year, while amounts for underutilization (which is capped per contract year) will be a reduction against our final invoice to the Customer at the end of the LTA in July 2026. Pursuant to LTA Amendment 2, we have billed and recognized overproduction revenue in relation to excess production over contracted annual base capacity during contract years 2020 and 2021. LTA Amendment 4 was approved and considered a contract modification pursuant to ASC 606 Revenue from Contracts with Customers during the three months ended March 31, 2023. Pursuant to the fourth amendment to the LTA (“LTA Amendment 4”), we have agreed with our Customer to increase contract year 2023 annual contracted capacity by 0.04 million tons (from 1.4 million tons to 1.44 million tons) resulting from the inclusion of contract year 2022 underutilization into contract year 2023 annual LNG production. To the extent that the increased 2023 contracted capacity of LNG is produced during the year, the 2022 underutilization will be offset against 2023 increased production and no underutilization for contract year 2023 will result. However, if the increased 2023 contracted capacity of LNG is not produced during the year, any underutilization will continue to be treated as a reduction against our final invoice to the Customer at the end of the LTA in July 2026 as per LTA Amendment 2. For the six months ended June 30, 2023, we assessed the probability of our production of the contracted 1.44 million tons for contract year 2023 and concluded that it was probable. We estimated how much of this 1.44 million tons was produced during the six months ended June 30, 2023 and offset a pro-rata amount of $6.6 million against the underutilization liability recognized as of December 31, 2022 for 2022 underutilization (note 19) and an offsetting increase to estimated overproduction variable consideration which is bifurcated between “Liquefaction services revenue” and “Other operating income” line items in the consolidated statements of operations, amounting to $4.1 million and $2.5 million, respectively. (5) In 2021, we entered into LTA Amendment 3 which increased the annual capacity utilization of FLNG Hilli by 0.2 million tons of LNG, for the 2022 contract year. In July 2022, the Customer exercised its option pursuant to LTA Amendment 3 for 0.2 million (out of 0.4 million tons) from January 2023 to the end of the LTA in July 2026. The combined effect results in annual contracted base capacity of 1.4 million tons of tons of LNG from January 1, 2022 to the end of the LTA. The tolling fee is linked to TTF and the Euro/U.S. Dollar foreign exchange movements. The contractual floor rate is recognized in “Liquefaction services revenue” and the tolling fee above the contractual floor rate is recognized as a derivative in “Realized and unrealized (loss)/gain on oil and gas derivative instruments,” in the unaudited consolidated statements of operations (note 7). (6) “Other” comprised of: (i) accrued demurrage costs of $0.2 million and $nil for the six months ended June 30, 2023 and 2022, respectively, which we recognized in the period in which the delay occurred; and (ii) unwinding of deferred liquidated damages recognized prior to the commencement of the contract, evenly released over the LTA contract term, of $0.3 million and $0.3 million for the six months ended June 30, 2023 and 2022. (7) Comprised of ship management, administrative and vessel operation and maintenance services. We entered into several agreements to provide ship management and administrative services to external customers. We also entered into a FSRU Operation and Services Agreement with a subsidiary of Snam for the Golar Tundra, pursuant to which we are required to provide FSRU operating and maintenance services in exchange for various payments. (8) In August 2022, we entered into a development agreement with Snam to provide drydocking, site commissioning and hook-up services for the Golar Tundra (the “Development Agreement”), which it acquired from us in May 2022. The Development Agreement includes contractual fixed payments recognized over the period of time that we provide the services to Snam. We assessed this to be a single performance obligation to the customer that is satisfied over time (from the period of entry into the agreement to delivery of the fully commissioned FSRU to our customer), with progress over time measured using an input method of recognition based on our efforts expended over the contract term, reflecting our past experience with comparable projects for our owned vessels, as determined using hours expended by our project team. As of June 30, 2023, we completed the Development Agreement and recognized services revenue and an associated contract asset of $13.8 million and $7.5 million, respectively. There was no comparable revenue recognized for the same period in 2022. (9) Liquefaction services revenue is included under our “FLNG” segment while vessel management fees and other revenues under our “Corporate and other” segment.
Contract asset and liability	The following table represents our contract assets and liabilities balances as of: (in thousands of $) June 30, 2023 December 31, 2022 Contract assets (1) 27,835  21,297  Current contract liabilities (1) (2) (35,779) (8,398) Non-current contract liabilities (2) (3) (8,353) (54,018) Total contract liabilities (4) (44,132) (62,416) (in thousands of $) June 30, 2023 December 31, 2022 Opening contract liability balance (62,416) (18,736) Deferral of revenue (5) (2,325) (62,223) Recognition of unearned revenue (1) (2) 12,793  18,543  Recognition of deferred revenue (3) 7,816  —  Closing contract liability balance (44,132) (62,416) (1) As of June 30, 2023 and December 31, 2022, we recognized a contract asset of $7.5 million and current contract liability of $4.2 million, respectively, in relation to the Development Agreement. (2) Due to a production shortfall of the FLNG Hilli for the 2022 contract year, we recognized a non-current contract liability for this underutilization of $35.8 million as of December 31, 2022 (note 20). As further discussed in footnote 4 to our revenue disclosure presented above, we reduced our underutilization liability by $6.6 million to $29.2 million and we reclassified the balance from non-current (note 20) to current (note 19) reflecting our expectation that this amount will be recovered from increased LNG production in the 2023 contract year. (3) Pursuant to the Arctic SPA, upon receipt of a notice to proceed, we will convert LNG carrier Golar Arctic to a FSRU which will lead to her eventual sale to Snam. The Arctic SPA includes contractual fixed payments (recognized over the period of time that we provide the services to Snam) and as of December 31, 2022, we recognized a non-current contract liability of $7.8 million. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed and in accordance with the Arctic SPA, we retained and recognized the first advance payment and presented in “Other operating income” in the unaudited consolidated statements of operations (note 20). (4) Included within “Total contract liabilities” is the deferred commissioning revenue in relation to the FLNG Hilli of $12.6 million as of June 30, 2023 (December 31, 2022: $14.6 million) (note 19 and 20). We expect to recognize liquefaction services revenue related to the partially unsatisfied performance obligation at the reporting date evenly over the remaining LTA contract term of three years, including the components of transaction price described above. (5) Included in “deferral of revenue” as of June 30, 2023, is the deposit of $2.3 million received for the sale of the Gandria (note 4).

v3.23.2

(Loss)/Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of (losses) earnings per share	The components of the numerator for the calculation of basic and diluted (LPS)/EPS are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Net (loss)/income net of non-controlling interests - continuing operations - basic and diluted (106,701) 665,792  Net income/(loss) net of non-controlling interests - discontinued operations - basic and diluted 293  (90,578) The components of the denominator for the calculation of basic and diluted (LPS)/EPS are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Basic: Weighted average number of common shares outstanding 107,337  108,125  Dilutive: Dilutive impact of share options and RSUs (1) 618  407  Weighted average number of common shares outstanding 107,955  108,532  (LPS)/EPS per share are as follows: Six months ended June 30, 2023 2022 Basic (LPS)/EPS from continuing operations $ (0.99) $ 6.16  Diluted (LPS)/EPS from continuing operations (1) $ (0.99) $ 6.13  Basic and diluted LPS from discontinued operations $ 0.00  $ (0.84) (1) The effects of stock awards have been excluded from the calculation of diluted (LPS)/EPS from continuing operations for the six months ended June 30, 2023 because the effects were anti-dilutive.

v3.23.2

Realized and Unrealized (Loss)/Gain on Oil and Gas Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of realized and unrealized gain/(loss) on the oil and gas derivative instruments	The realized and unrealized (loss)/gain on the oil and gas derivative instruments is comprised of the following:     Six months ended June 30, 2023 2022 Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives 42,066  (8,134) Realized gain on FLNG Hilli’s oil derivative instrument 36,156  50,102  Realized gain on FLNG Hilli’s gas derivative instrument 25,681  55,682  Realized gain on oil and gas derivative instruments, net 103,903  97,650  Unrealized (loss)/gain on FLNG Hilli’s gas derivative instrument (note 17) (94,642) 194,632  Unrealized (loss)/gain on FLNG Hilli’s oil derivative instrument (note 17) (74,840) 169,293  Unrealized MTM adjustment on commodity swap derivatives (22,175) (14,318) Unrealized (loss)/gain on oil and gas derivative instruments (191,657) 349,607  Realized and unrealized (loss)/gain on oil and gas derivative instruments (note 21) (87,754) 447,257

v3.23.2

Other Non-Operating (Losses)/Income (Tables)	6 Months Ended
	Jun. 30, 2023
Other Income and Expenses [Abstract]
Schedule of other nonoperating income (expense)	Other non-operating (losses)/income is comprised of the following: Six months ended June 30, 2023 2022 Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1) (62,308) 295,048  Dividend income from our investment in listed equity securities 9,823  6,918  UK tax lease liability (2) —  3,105  Other non-operating (losses)/income (52,485) 305,071  (1) “Investment in listed equity securities,” included in balance sheet line-item “Other current assets” (note 14), relates to our equity holding in New Fortress Energy Inc (“NFE”) of nil and 5.3 million shares of Class A NFE common shares (“NFE Shares”) as of June 30, 2023 and December 31, 2022, respectively. During the six months ended June 30, 2023 and 2022, we recognized $62.3 million realized MTM losses and $295.0 million unrealized MTM gains, respectively. In the six months ended June 30, 2023, we sold 1.2 million of our NFE Shares at a price range between $36.90 and $40.38 per share for an aggregate consideration of $45.6 million. On March 15, 2023, we also disposed of our remaining 4.1 million NFE Shares that were applied as partial consideration for the repurchase of 1,230 common units in Golar Hilli LLC “Hilli LLC” from NFE, which NFE acquired pursuant to the sale of our investment in Golar LNG Partners LP (“Golar Partners”) to NFE in April 2021 (note 12.2). Following these transactions, we no longer hold any listed equity securities. In the six months ended June 30, 2022, we sold 6.2 million of NFE Shares at a price of $40.80 per share for an aggregate consideration of $253.0 million. (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.

v3.23.2

Gains on Derivative Instruments and Other Financial Items, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	Gains on derivative instruments, net is comprised of the following: (in thousands of $) Six months ended June 30, 2023 2022 Net interest income/(expense) on undesignated interest rate swap (“IRS”) derivatives 3,750  (1,705) Unrealized MTM adjustment for IRS derivatives (1,453) 49,582  Gains on derivative instruments, net 2,297  47,877
Components of other financial items	Other financial items, net is comprised of the following: (in thousands of $) Six months ended June 30, 2023 2022 Foreign exchange (loss)/gain on operations (1,427) 1,168  Financing arrangement fees and other related costs (799) (5,964) Amortization of debt guarantees 1,034  1,341  Others (183) (129) Other financials items, net (1,375) (3,584)

v3.23.2

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of operating lease income	The components of operating lease income were as follows: Six months ended June 30, (in thousands of $) 2023 2022 Operating lease income 10,860  2,408  Variable lease income (1) —  827  Total operating lease income (2) 10,860  3,235  (1) “Variable lease income” is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable operating leases. (2) Total operating lease income is presented in the unaudited consolidated statement of operations line item “Time and voyage charter revenues.”

v3.23.2

Assets and Liabilities Held for Sale and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal groups, including discontinued operations	The net income/(loss) from discontinued operations for the six months ended June 30, 2023 and 2022 are as follows: 2023 (in thousands of $) CoolCo TundraCo (1) Total Net income from discontinued operations 293  —  293  2022 (in thousands of $) CoolCo TundraCo (1) Total Loss from discontinued operations (194,912) (699) (195,611) (Loss)/gain on disposal (10,060) 123,299  113,239  Net (loss)/income from discontinued operations (204,972) 122,600  (82,372) (1) On May 31, 2022, we completed the sale of our subsidiary Golar LNG NB 13 Corporation, owner of the FSRU Golar Tundra and recognized a gain on disposal of $123.2 million which comprised of (i) cash proceeds received of $352.5 million, (ii) partially offset by the net asset value of Golar LNG NB 13 Corporation of $229.0 million and (iii) related fees incurred in relation to disposal of $0.3 million.

v3.23.2

Variable Interest Entities ("VIE") (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of bareboat charters	A summary of our payment obligations (excluding repurchase options and obligations) under the bareboat charter with the lessor VIE as of June 30, 2023, is shown below: (in thousands of $) 2023 (1) 2024 2025 2026 2027 2028+ Hilli (2) 42,488 82,890 79,943 76,996 74,133 340,482 (1) For the six months ending December 31, 2023. (2) The payment obligations above include variable rental payments due under the lease based on an assumed SOFR plus margin.
Schedule of variable interest entities	The assets and liabilities of the lessor VIE that most significantly impact our unaudited consolidated balance sheet as of June 30, 2023 and December 31, 2022, are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Assets Restricted cash and short-term deposits 18,804  21,691  Liabilities Debt: Current portion of long-term debt and short-term debt (1) (314,683) (337,547) Long-term debt (1) (121,021) (156,563) (435,704) (494,110) (1) Where applicable, these balances are net of deferred finance charges. The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: (in thousands of $) 2023 2022 Continuing operations Statement of operations Interest expense 5,273  2,878  Statement of cash flows Net debt repayments (52,359) (50,570) (in thousands of $) 2023 2022 Financing costs paid (3,150) —  Discontinued operations Statement of operations Interest expense —  3,814  The assets and liabilities of Hilli LLC (1) that most significantly impact our unaudited consolidated balance sheet are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Balance sheet Current assets 62,666  105,738  Non-current assets 1,287,528  1,481,722  Current liabilities (390,197) (381,131) Non-current liabilities (160,715) (240,146) (1) As Hilli LLC is the primary beneficiary of the lessor VIE (see above) the Hilli LLC balances include the Hilli Lessor VIE. The most significant impact of the lessor VIE’s operations on our unaudited consolidated statements of operations and unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: (in thousands of $) 2023 2022 Statement of operations Liquefaction services revenue 116,594  123,421  Realized and unrealized gain on oil and gas derivative instruments (87,754) 447,257  Statement of changes in equity Additional paid-in capital (251,249) —  Non-controlling interest 35,644  —  Statement of cash flows Reacquisition of common units in Hilli LLC (100,047) —  Net debt repayments (52,359) (50,570) Financing costs paid (3,150) —  Cash dividends paid (17,842) (25,305) The assets and liabilities of Gimi MS that most significantly impact our unaudited consolidated balance sheet are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Balance sheet Current assets 23,050  12,460  Non-current assets 1,369,738  1,195,725  Current liabilities (62,178) (10,666) Non-current liabilities (603,302) (516,298) The most significant impact of Gimi MS VIE’s operations on our unaudited consolidated statements of cash flows for the six months ended June 30, 2023 and 2022 are as follows: Six months ended June 30, (in thousands of $) 2023 2022 Statement of cash flows Additions to asset under development 138,102  175,230  Capitalized financing costs (1,156) (2,080) Net debt receipts 85,000  125,000  Proceeds from subscription of equity interest 21,118  11,270
Schedule of Other Ownership Interests	Following the Hilli Buyback and as of June 30, 2023, the ownership structure of Hilli LLC is as follows: Percentage ownership interest Hilli Common Units Series A Special Units Series B Special Units Golar LNG Limited 94.6  % 89.1  % 89.1  % Keppel 5.0  % 10.0  % 10.0  % B&V 0.4  % 0.9  % 0.9  %

v3.23.2

Restricted Cash and Short-Term Deposits (Tables)	6 Months Ended
	Jun. 30, 2023
Supplemental Cash Flow Elements [Abstract]
Restrictions on cash and cash equivalents	Our restricted cash and short-term deposits balances are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Restricted cash in relation to the FLNG Hilli (1) 60,973  60,952  Restricted cash in relation to the Golar Arctic performance guarantee (2) 39,691  38,822  Restricted cash and short-term deposits held by lessor VIE (3) 18,804  21,691  Restricted cash in relation to the LNG Croatia (4) 11,772  11,504  Restricted cash relating to office lease 979  1,074  Total restricted cash and short-term deposits 132,219  134,043  Less: Amounts included in current restricted cash and short-term deposits (58,495) (21,693) Non-current restricted cash 73,724  112,350  (1) In November 2015, in connection with the issuance of a $400 million letter of credit (“LC”) by a financial institution to the Customer, we recognized an initial cash collateral of $305.0 million to support the FLNG Hilli performance guarantee. Under the provisions of the LC, the terms allow for a stepped reduction in the value of the guarantee over time and a corresponding reduction to the cash collateral requirements. In May 2021, the FLNG Hilli had achieved 3.6 million tons of LNG production, reducing the LC to $100.0 million and the cash collateral to $61.0 million as of June 30, 2023. (2) In connection with the Arctic SPA, we were required to provide a performance guarantee of €26.9 million and advance repayment guarantees totaling €163.9 million, which corresponds to the three installment payments from Snam. The performance guarantee and the first of three advance repayment guarantee of $30.2 million (€26.9 million) and $9.0 million (€8.1 million), respectively, secure our contractual and performance obligations of the conversion of the Golar Arctic. As of June 30, 2023, Snam’s option to exercise the notice to proceed lapsed, rendering the Arctic SPA terminated. At June 30, 2023, the process of releasing the cash collaterals is in progress, which process is expected to be complete within 2-3 months. Consequently, restricted cash was reclassified from non-current to “Restricted cash and short-term deposits” on the unaudited consolidated balance sheet. (3) These are amounts held by lessor VIE that we are required to consolidate under U.S. GAAP into our financial statements as a VIE (note 12). (4) In connection with the LNG Hrvatska O&M Agreement, we are required to maintain two performance guarantees, one in the amount of €9.3 million and one in the amount of $1.3 million, both of which will remain restricted throughout the 10-year term until December 2030.

v3.23.2

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other current assets	Other current assets consist of the following: (in thousands of $) June 30, 2023 December 31, 2022 MTM asset on TTF linked commodity swap derivatives (note 21) 44,628  73,583  Receivable from TTF linked commodity swap derivatives 7,581  4,638  MTM asset on IRS derivatives (note 21) 5,557  —  Interest receivable from money market deposits and bank accounts 4,950  3,617  Prepaid expenses 3,319  2,760  Receivable from IRS derivatives 2,461  1,923  Investment in listed equity securities (notes 8 and 12) —  224,788  Other receivables 4,166  3,925  Other current assets 72,662  315,234

v3.23.2

Asset Under Development (Tables)	6 Months Ended
	Jun. 30, 2023
Extractive Industries [Abstract]
Schedule for assets under development	(in thousands of $) June 30, 2023 December 31, 2022 Opening asset under development balance 1,152,032  877,838  Additions 115,264  221,184  Interest costs capitalized 33,452  53,010  Closing asset under development balance 1,300,748  1,152,032
Schedule of fiscal year maturity	As of June 30, 2023, the estimated timing of the outstanding payments is as follows: (in thousands of $) Period ending December 31, 2023 (1) 214,431  2024 183,057  Total 397,488  (1) For the six months ending December 31, 2023.

v3.23.2

Equity Method Investments (Tables)	6 Months Ended
	Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of equity method investments	Six months ended June 30, (in thousands of $) 2023 2022 Share of net losses of Avenir (2,879) (2,537) Share of net income of CoolCo 1,491  5,390  Share of net income of other equity method investments 269  156  Gain on disposal of CoolCo (1) 823  —  Net (losses)/income from equity method investments (296) 3,009  The carrying amounts of our equity method investments as of June 30, 2023 and December 31, 2022 are as follows: (in thousands of $) June 30, 2023 December 31, 2022 Avenir 39,095  41,790  CoolCo (1) —  55,439  Others (2) 7,149  6,879  Equity method investments 46,244  104,108  (1) In March 2023, we sold 4.5 million of our CoolCo shares at NOK 130/$12.60 per share for net consideration of $56.1 million, inclusive of $0.1 million fees. As of June 30, 2023, following the sale of our CoolCo shares, we retain one common share in CoolCo which is required by, covenants relating to the guarantees which we provide to CoolCo. The gain on disposal of $0.8 million is included in the unaudited consolidated statement of operations line-item “Net income/(losses) from equity method investments.” (2) “Others” refers to our equity method investments in Egyptian Company for Gas Services S.A.E and Aqualung Carbon Capture.

v3.23.2

Other Non-Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of other non-current assets	Other non-current assets are comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Oil derivative instrument (note 21) 107,955  182,795  Gas derivative instrument (note 21) 101,542  196,184  MTM asset on IRS derivatives (note 21) 47,960  54,970  MTM asset on TTF linked commodity swap derivatives (note 21) 46,565  39,785  Operating lease right-of-use-assets (1) 8,252  5,653  Others (2) 143,412  32,652  Other non-current assets 455,686  512,039  (1) Operating lease right-of-use-assets mainly comprise of our office leases. (2) Included within “Others” as of June 30, 2023 and December 31, 2022 are pre-commissioning contractual cash flows in relation to the Gimi LOA of $25.4 million and $nil, and capitalized engineering costs, long lead items and deposit for a donor vessel of $38.0 million, $59.8 million and $15.5 million; and $16.7 million, $10.4 million and $nil, in relation to our MKII FLNG project, respectively (note 23).

v3.23.2

Debt (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of components of debt	As of June 30, 2023 and December 31, 2022, our debt was as follows: (in thousands of $) June 30, 2023 December 31, 2022 Gimi facility (note 15.1) (620,000) (535,000) Unsecured Bonds (138,706) (159,029) Golar Arctic facility (18,237) (21,884) Subtotal (excluding lessor VIE debt) (776,943) (715,913) CSSC VIE debt - FLNG Hilli facility (1) (442,007) (494,366) Total debt (gross) (1,218,950) (1,210,279) Less: Deferred financing costs (2) 29,672  20,955  Total debt, net of deferred financing costs (1,189,278) (1,189,324) At June 30, 2023, our debt, net of deferred financing costs, is broken down as follows: Golar debt VIE debt (1) Total debt (in thousands of $)   Current portion of long-term debt and short-term debt (7,245) (314,683) (321,928) Long-term debt (746,329) (121,021) (867,350) Total (753,574) (435,704) (1,189,278) (1) These amounts relate to a certain lessor entity (for which legal ownership resides with a financial institution) that we are required to consolidate into our financial statements as a VIE (note 12). (2) In June 2023, we executed an amendment to the terms of our $300 million senior unsecured bonds (“Unsecured Bonds”), effective from May 25, 2023 and paid a one-off fee of $5.2 million to bondholders which has been deferred and amortized over the remaining term of the Unsecured Bonds (see below). In June 2023, we entered into the fourth side letter for FLNG Hilli’s sale and leaseback facility, incurring total fees of $6.3 million which has been deferred and amortized over the remaining term of the sale and leaseback facility (note 12).

v3.23.2

Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Schedule of other current liabilities	Other current liabilities is comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Underutilization liability (note 5) (29,233) —  Day 1 gain deferred revenue - current portion (1) (note 20) (12,783) (12,783) Deferred revenue (4,220) (6,080) Current portion of operating lease liability (989) (1,328) Demurrage cost (note 5) (288) (1,608) Contract liability (note 5) (2,325) (4,177) Other payables (9,688) (1,469) Other current liabilities (59,526) (27,445) (1) Current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 5). As of June 30, 2023, the Day 1 gain deferred revenue - current portion relating to FLNG Hilli’s oil and gas derivative instruments is $10.0 million and $2.8 million, respectively (December 31, 2022: $10.0 million and $2.8 million).

v3.23.2

Other Non-Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	Other non-current liabilities is comprised of the following: (in thousands of $) June 30, 2023 December 31, 2022 Day 1 gain deferred revenue (1) (25,501) (31,720) Pension obligations (23,459) (24,269) Deferred commissioning period revenue (2) (8,353) (10,396) Non-current portion of operating lease liabilities (6,614) (3,587) Golar Arctic’s contract liability (3) —  (7,816) Underutilization liability (note 5) —  (35,806) Other payables (4) (6,970) (6,834) Other non-current liabilities (70,897) (120,428) (1) Non-current portion of Day 1 gain deferred on initial recognition of the oil and gas derivative instruments embedded in the LTA (note 7). As of June 30, 2023, the non-current portion of the Day 1 gain deferred revenue relating to FLNG Hilli’s oil and gas derivative instruments is $19.7 million and $5.8 million, respectively (December 31, 2022: $24.5 million and $7.2 million). (2) The Customer’s billing during the commissioning period, prior to vessel acceptance and commencement of the LTA, which is considered an upfront payment for services. These amounts billed are recognized as part of “Liquefaction services revenue” in the unaudited consolidated statements of operations evenly over the LTA contract term, with this commencing on the Customer’s acceptance of the FLNG Hilli. The current portion of deferred commissioning period billing is included in “Other current liabilities” (note 19). (3) “Golar Arctic’s contract liability” represents the first advance payment received from Snam in relation to the Arctic SPA. As of June 30, 2023, Snam’s option to issue the notice to proceed lapsed. In accordance with the Arctic SPA, we retain the first advance payment (note 5). (4) Included in “Other payables” as of June 30, 2023 and December 31, 2022 is an asset retirement obligation of $5.8 million and $5.7 million, respectively. The corresponding mooring asset of $4.7 million is recorded within “Vessels and equipment, net” in the unaudited consolidated balance sheets.

v3.23.2

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	The carrying values and estimated fair values of our financial instruments at June 30, 2023 and December 31, 2022 are as follows: June 30, 2023 December 31, 2022 (in thousands of $) Fair value hierarchy Carrying value Fair value Carrying value Fair value Non-Derivatives: Cash and cash equivalents (1) (2) Level 1 770,567  770,567  878,838  878,838  Restricted cash and short-term deposits (3) Level 1 132,219  132,219  134,043  134,043  Trade accounts receivable (3) Level 1 37,605  37,605  41,545  41,545  Interest receivable from money-market deposits and bank accounts (3) Level 1 4,950  4,950  3,617  3,617  Receivable from TTF linked commodity swap derivatives (3) Level 1 7,581  7,581  4,638  4,638  Receivable from IRS derivatives (3) Level 1 2,461  2,461  1,923  1,923  Investment in listed equity securities (4) Level 1 —  —  224,788  224,788  Trade accounts payable (3) Level 1 (16,300) (16,300) (8,983) (8,983) Assets held for sale (note 4) Level 1 14,979  14,979  —  —  Assets held for sale (note 11) Level 2 —  —  721  721  Liabilities held for sale (note 11) Level 2 —  —  (373) (373) Current portion of long-term debt and short-term debt (2) (5) (6) Level 2 (322,902) (322,902) (344,960) (344,960) Long-term debt (5) (6) Level 2 (757,342) (757,342) (706,290) (706,290) Long-term debt - Unsecured Bonds (5) (7) Level 1 (138,706) (134,802) (159,029) (158,092) Derivatives: Oil and gas derivative instruments (8) Level 2 209,497  209,497  378,979  378,979  Asset on IRS derivatives (9) Level 2 53,517  53,517  54,970  54,970  Asset on TTF linked commodity swap derivatives (9) Level 2 91,193  91,193  113,368  113,368  (1) These instruments carrying value are highly liquid and deemed reasonable estimates of fair value. (2) Included within cash and cash equivalents of $770.6 million, $878.8 million and $528.6 million are $668.7 million, $634.2 million and $420.2 million held in short-term money-market deposits as of June 30, 2023, December 31, 2022 and June 30, 2022, respectively. During the six months ended June 30, 2023 and 2022, we earned interest income of $17.8 million and $0.4 million, respectively on short-term money-market deposits. (3) These instruments are considered to be equal to their estimated fair value because of their near term maturity. (4) “Investment in listed equity securities” refers to our NFE Shares (note 14). The fair value was based on the NFE closing share price as of the balance sheet date. (5) Our debt obligations are recorded at amortized cost. The amounts presented in the table above are gross of the deferred charges which amounted to $29.7 million and $21.0 million at June 30, 2023 and December 31, 2022, respectively. (6) The estimated fair values for both the floating long-term debt and short-term debt are considered to be equal to the carrying value since they bear variable interest rates, which are calculated on a quarterly basis.   (7) The estimated fair value of our Unsecured Bonds are based on their quoted market prices as of the balance sheet date. (8) The fair value of the oil and gas derivative instruments is determined using the estimated discounted cash flows of the additional payments due to us as a result of oil and gas prices moving above the contractual floor price over the remaining term of the LTA. Significant inputs used in the valuation of the oil and gas derivative instruments include the Euro/U.S. Dollar exchange rates based on the forex forward curve for the gas derivative instrument and management’s estimate of an appropriate discount rate and the length of time necessary to blend the long-term and short-term oil and gas prices obtained from quoted prices in active markets. (9) The fair value of certain derivative instruments is the estimated amount that we would receive or pay to terminate the agreements at the reporting date, taking into account current interest rates, foreign exchange rates, closing quoted market prices and our creditworthiness and that of our counterparties. The credit exposure of certain derivative instruments is represented by the fair value of contracts with a positive value at the end of each period, reduced by the effects of master netting arrangements.
Schedule of designated cash flow hedges	As of June 30, 2023, we were party to the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below: Instrument Notional value Maturity dates Fixed interest rates Interest rate swaps: Receiving floating, pay fixed 729,792  June 2024 to November 2029 1.69% - 2.37%
Schedule of net investment hedges, statements of financial performance and financial position, location	Instrument Notional quantity (MMBtu) Maturity date Fixed price/MMBtu Commodity swap derivatives:       Receiving fixed, pay floating 3,226,002 2023 - 2024 $49.50 to $51.20 Receiving floating, pay fixed 3,226,002 2023 - 2024 $20.55 to $22.00

v3.23.2

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Disclosure of transactions with existing related parties	Receivables: The balances with Avenir as of June 30, 2023 and December 31, 2022 consisted of the following: (in thousands of $) June 30, 2023 December 31, 2022 Avenir 7,093  3,472  Total 7,093  3,472
Disclosure of transactions with former related parties	Net revenues: The following table represent the transactions with CoolCo and its subsidiaries for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022: (in thousands of $) Period ended January 1, 2023 to March 2, 2023 Six months ended June 30, 2022 Management and administrative services revenue (1) 588  1,160  Ship management fees revenue (2) —  1,249  Ship management fees expense (3) (333) —  Debt guarantee fees (4) 175  279  Commitment fee (5) 21  54  Total 451  2,742  (1) Management and administrative services revenue – Golar Management Limited (“Golar Management”), a wholly-owned subsidiary of Golar, and Golar Management (Bermuda) Ltd, entered into the transition services agreement with CoolCo (the “CoolCo TSA” which was subsequently replaced with the CoolCo ASA), pursuant to which we provided corporate administrative services to CoolCo. The CoolCo ASA expired on June 30, 2023. (2) Ship management fee revenue – We provided commercial and technical management to the LNG carriers subsequent to their disposal to CoolCo under the existing management agreements, however the CoolCo TSA revised the annual management fee payable to us per vessel. On June 30, 2022, upon completion of the CoolCo Disposal, the ship management agreements were terminated. (3) Ship management fee expense – Following completion of the CoolCo Disposal in June 2022, we entered into ship management agreements with CoolCo, for CoolCo to manage our LNG carriers, the Golar Arctic and Golar Tundra, and we pay ship management fees which amounted to $0.2 million for the period from January 1, 2023 to March 2, 2023. We also entered into an agreement to sub-contract our contractual vessel management obligations for the LNG Croatia, which amounted to $0.1 million for the period from January 1, 2023 to March 2, 2023. There was no comparable expense incurred for the same period in six months ended June 30, 2022. (4) Debt guarantee fees – We agreed to remain as the guarantor of the payment obligations for the sale and lease-back obligations of two of the disposed subsidiaries, which are the disponent owners of the Golar Ice and Golar Kelvin, in exchange for a guarantee fee of 0.5% on the outstanding principal balances of $193.8 million. The compensation amounted to $0.2 million and $0.3 million for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively. (5) Commitment fee – We advanced a two years revolving credit facility of $25.0 million to CoolCo which bears a fixed interest rate and commitment fee on the undrawn loan of 5% and 0.5% per annum, respectively. The commitment fee amounted to $21.0 thousand and $54.0 thousand for the period from January 1, 2023 to March 2, 2023 and for the six months ended June 30, 2022, respectively. CoolCo terminated the revolving credit facility on May 28, 2023. Receivables: The balances with CoolCo and its subsidiaries as of December 31, 2022 consisted of the following: (in thousands of $) December 31, 2022 Balance due from CoolCo and subsidiaries (6) 394  (6) Balances due from CoolCo and its subsidiaries - Amounts due to/from CoolCo and its subsidiaries are comprised primarily of unpaid management services, amounts arising from the results of CoolCo’s vessels participating in the Cool Pool, revolving credit facility, commitment fees and other related arrangements. Payables and receivables are generally settled quarterly in arrears. Balances owing to or due from CoolCo and its subsidiaries are unsecured, interest-free and intended to be settled in the ordinary course of business.

v3.23.2

Other Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of assets pledged	Assets pledged (in thousands of $) June 30, 2023 December 31, 2022 Book value of vessels secured against loans (1) 1,091,145  1,115,500  (1) This excludes the Gimi which is classified as “Assets under development” (note 15) and secured against its specific debt facility (note 18).

v3.23.2

General (Details) - LNG carrier	Jun. 30, 2023 vessel carrier
FLNG
Property, Plant and Equipment [Line Items]
Number of carriers owned and operated | vessel	2
LNG carrier
Property, Plant and Equipment [Line Items]
Number of carriers owned and operated | carrier	2

v3.23.2

Segment Information - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($) undergoing_conversion operational_flng segment	Jun. 30, 2022 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Number of operational FLNG | operational_flng	1
Number of undergoing conversions | undergoing_conversion	1
Impairment of long-lived assets | $	$ 5,021	$ 76,155

v3.23.2

Segment Information - Reconciliation (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022	May 17, 2023
Segment Reporting Information [Line Items]
Net (loss)/income		$ (85,659)	$ 696,552
Income taxes		1,697	148
(Loss)/income before income taxes		(83,962)	696,700
Depreciation and amortization		25,027	26,847
Impairment of long-lived assets		5,021	76,155
Unrealized loss/(gain) on oil and gas derivative instruments (note 7)		87,754	(447,257)
Change in fair value of investment in listed equity securities		62,308	(295,048)
Other non-operating income, net		(9,823)	(10,023)
Interest income		(23,318)	(954)
Interest expense		972	11,435
Gains on derivative instruments, net		(2,297)	(47,877)
Other financial items, net		1,375	3,584
Net losses/(income) from equity method investments (note 16)		296	(3,009)
Net (income)/loss from discontinued operations (note 11)		(293)	82,372
Adjusted EBITDA		166,963	190,575
Gandria
Segment Reporting Information [Line Items]
Impairment of long-lived assets		5,000
Held for Sale | Gandria
Segment Reporting Information [Line Items]
Consideration received				$ 15,200
Proceeds from divestiture of businesses	$ 2,300
Oil and gas derivative
Segment Reporting Information [Line Items]
Unrealized loss/(gain) on oil and gas derivative instruments (note 7)		$ 191,657	$ (349,607)

v3.23.2

Segment Information - Schedule of segments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Income Statement [Abstract]
Total operating revenues	$ 151,498	$ 140,165
Vessel operating expenses	(43,282)	(36,200)
Voyage, charterhire and commission expenses	(460)	(1,459)
Other operating income	10,316	14,106
Adjusted EBITDA	166,963	190,575
Net (losses)/income from equity method investments	(296)	3,009
Balance sheet
Total assets	3,930,783		$ 4,279,560
Current assets held for sale	14,979		721
Equity method investments	46,244		104,108
Continuing operations
Income Statement [Abstract]
Total operating revenues	151,498	140,165
Vessel operating expenses	(43,282)	(36,200)
Voyage, charterhire and commission expenses	(460)	(1,459)
Administrative (expenses)/income	(18,062)	(20,136)
Project development (expenses)/income	(36,950)	(3,551)
Realized gain on oil and gas derivative instruments, net (note 7)	103,903	97,650
Other operating income	10,316	14,106
Adjusted EBITDA	166,963	190,575
Net (losses)/income from equity method investments	(296)	3,009
Balance sheet
Total assets	3,915,804		4,278,839
Equity method investments	46,244		104,108
Operating segments | Continuing operations
Income Statement [Abstract]
Net (losses)/income from equity method investments	(296)	3,009
Operating segments | FLNG | Continuing operations
Income Statement [Abstract]
Total operating revenues	116,594	123,421
Vessel operating expenses	(31,512)	(29,153)
Voyage, charterhire and commission expenses	(300)	(300)
Administrative (expenses)/income	(92)	(29)
Project development (expenses)/income	(2,237)	(5,002)
Realized gain on oil and gas derivative instruments, net (note 7)	103,903	97,650
Other operating income	2,499	14,106
Adjusted EBITDA	188,855	200,693
Net (losses)/income from equity method investments	0	0
Balance sheet
Total assets	2,829,840		2,815,552
Equity method investments	0		0
Operating segments | Corporate and other | Continuing operations
Income Statement [Abstract]
Total operating revenues	24,044	13,509
Vessel operating expenses	(9,670)	(3,228)
Voyage, charterhire and commission expenses	(19)	(50)
Administrative (expenses)/income	(17,979)	(20,176)
Project development (expenses)/income	(34,713)	1,451
Realized gain on oil and gas derivative instruments, net (note 7)	0	0
Other operating income	7,817	0
Adjusted EBITDA	(30,520)	(8,494)
Net (losses)/income from equity method investments	(2,610)	3,009
Balance sheet
Total assets	1,039,627		1,410,587
Equity method investments	46,244		48,669
Operating segments | Shipping | Continuing operations
Income Statement [Abstract]
Total operating revenues	10,860	3,235
Vessel operating expenses	(2,100)	(3,819)
Voyage, charterhire and commission expenses	(141)	(1,109)
Administrative (expenses)/income	9	69
Project development (expenses)/income	0	0
Realized gain on oil and gas derivative instruments, net (note 7)	0	0
Other operating income	0	0
Adjusted EBITDA	8,628	(1,624)
Net (losses)/income from equity method investments	2,314	$ 0
Balance sheet
Total assets	46,337		52,700
Equity method investments	$ 0		$ 55,439

v3.23.2

Revenue - Disaggregation of revenue (Details) t in Thousands, $ in Thousands, ft³ in Billions	1 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2022 t	Jul. 31, 2021 t	Jun. 30, 2023 USD ($) $ / barrel t	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) t	Dec. 31, 2023 t	Mar. 31, 2021 ft³
Disaggregation of Revenue [Line Items]
Total operating revenues			$ 151,498	$ 140,165
Oil price per barrel (in usd per barrel) | $ / barrel			60
Revenue from contract with customer, excluding assessed tax, underutilization					$ 6,600
Decrease in revenue, demurrage cost			$ 200	0
Decrease in revenue, liquidated damages			300	300
Contract with customer, asset			$ 27,835		$ 21,297
Hilli LLC
Disaggregation of Revenue [Line Items]
Capacity, cubic feet | ft³							500.0
Increase capacity utilization, tons | t			40
Annual capacity, tons | t					1,400
Expected increase of capacity per annum | t	200	200
Expected capacity per annum | t	1,400
Hilli LLC | Scenario, Forecast
Disaggregation of Revenue [Line Items]
2023 contracted capacity, tons | t						1,440
Hilli LLC | Maximum
Disaggregation of Revenue [Line Items]
Expected increase of capacity per annum | t	400
Golar Tundra [Member]
Disaggregation of Revenue [Line Items]
Total operating revenues			$ 13,800	0
Contract with customer, asset			7,500
Other Operating Income (Expense)
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax, underutilization			2,500
Base tolling fee
Disaggregation of Revenue [Line Items]
Total operating revenues			102,251	102,251
Liquefaction services revenue
Disaggregation of Revenue [Line Items]
Total operating revenues			116,594	123,421
Amortization of deferred commissioning period revenue billing			2,043	2,043
Amortization of day 1 gain			6,219	16,286
Overproduction revenue			4,074	620
Revenue from contract with customer			2,500	2,500
Other			(493)	(279)
Liquefaction services revenue | Sales
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax, underutilization			4,100
Vessel management fees and other revenues
Disaggregation of Revenue [Line Items]
Total operating revenues			24,044	13,509
Management fee revenue			10,114	13,509
Service revenue			13,798	0
Other revenue			$ 132	$ 0

v3.23.2

Revenue - Contract assets and liabilities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Contract assets
Contract with customer, asset	$ 27,835	$ 21,297
Contract liabilities
Current contract liabilities	35,779	8,398
Non current contract liabilities	8,353	54,018
Total contract liabilities	(44,132)	(62,416)	$ (18,736)
Deferral of revenue	(2,325)	(62,223)
Recognition of unearned revenue	12,793	18,543
Recognition of deferred revenue	7,816	0
Gandria
Contract liabilities
Deposit liability, current	$ 2,300
Liquefaction services revenue | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Contract liabilities
Reaming contract term (in years)	3 years
Underutilization Liability
Contract liabilities
Current contract liabilities	$ 29,200
Non current contract liabilities	0	35,806
Increase (Decrease) in Contract with Customer, Liability	6,600
Hilli | Underutilization Liability
Contract liabilities
Non current contract liabilities		35,800
Hilli | Deferred Revenue
Contract liabilities
Total contract liabilities	(12,600)	(14,600)
Golar Artic | Advance Payment Liability
Contract liabilities
Non current contract liabilities		7,800
Development Agreement
Contract assets
Contract with customer, asset	$ 7,500
Contract liabilities
Current contract liabilities		$ 4,200

v3.23.2

(Loss)/Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Components of the numerator for the calculation of basic and diluted EPS
Net income/(loss) net of non-controlling interests - continuing operations - basic	$ (106,701)	$ 665,792
Net income/(loss) net of non-controlling interests - continuing operations - diluted	(106,701)	665,792
Net (loss)/income net of non-controlling interest - discontinued operations - basic	293	(90,578)
Net (loss)/income net of non-controlling interest - discontinued operations - diluted	$ 293	$ (90,578)
Weighted average number of shares outstanding
Weighted average number of common shares outstanding, basic (in shares)	107,337	108,125
Dilutive impact of share options and RSUs (in shares)	618	407
Weighted average number of common shares outstanding, diluted (in shares)	107,955	108,532
Basic EPS from continuing operations (in USD per share)	$ (0.99)	$ 6.16
Dilutive earnings/(loss) per share from continuing operations (in USD per share)	(0.99)	6.13
Basic (loss)/earnings per share from discontinued operations (in USD per share)	0.00	(0.84)
Dilutive (loss)/earnings per share from discontinued operations (in USD per share)	$ 0.00	$ (0.84)

v3.23.2

Realized and Unrealized (Loss)/Gain on Oil and Gas Derivative Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain on oil and gas derivative instruments, net	$ 103,903	$ 97,650
Unrealized (loss)/gain on oil and gas derivative instruments	(191,657)	349,607
Realized and unrealized (loss)/gain on oil and gas derivative instruments	(87,754)	447,257
Gas
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain on derivatives	25,681	55,682
Unrealized MTM adjustment for IRS derivatives	(94,642)	194,632
Oil
Derivative Instruments, Gain (Loss) [Line Items]
Realized gain on derivatives	36,156	50,102
Unrealized MTM adjustment for IRS derivatives	(74,840)	169,293
Commodity swap
Derivative Instruments, Gain (Loss) [Line Items]
Realized mark-to-market (“MTM”) adjustment on commodity swap derivatives	42,066	(8,134)
Unrealized MTM adjustment on commodity swap derivatives	$ (22,175)	$ (14,318)

v3.23.2

Other Non-Operating (Losses)/Income (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	Mar. 15, 2023	Apr. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Realized and unrealized MTM (losses)/gains on investment in listed equity securities (note 14) (1)			$ (62,308)	$ 295,048
Dividend income from our investment in listed equity securities			9,823	6,918
UK tax lease liability (2)			0	3,105
Total other non-operating (losses)/income			(52,485)	305,071
Marketable security, realized gain (loss)			$ (62,300)
Marketable security, unrealized gain (loss)				$ 295,000
Tax settlement with HMRC		$ 66,400
Hilli Common Units
Stock repurchased during the period (in shares)	1,230
New Fortress Energy (NFE)
Investment owned, balance (in shares)			0		5,300,000
Investment owned, shares sold (in shares)			1,200,000	6,200,000
Sale of stock, price per share				$ 40.80
Proceeds for shares issued			$ 45,600	$ 253,000
Investment owned, shares disposed (in shares)	4,100,000
New Fortress Energy (NFE) | Minimum
Sale of stock, price per share			$ 36.90
New Fortress Energy (NFE) | Maximum
Sale of stock, price per share			$ 40.38

v3.23.2

Gains on Derivative Instruments and Other Financial Items, Net -Gains (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains on derivative instruments, net	$ 2,297	$ 47,877
Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized MTM adjustment for IRS derivatives	(1,453)	49,582
Net interest income/(expense) on undesignated interest rate swap (“IRS”) derivatives	$ 3,750	$ (1,705)

v3.23.2

Gains on Derivative Instruments and Other Financial Items, Net -Financial Items (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign exchange (loss)/gain on operations	$ (1,427)	$ 1,168
Financing arrangement fees and other related costs	(799)	(5,964)
Amortization of debt guarantees	1,034	1,341
Others	(183)	(129)
Other financial items, net	$ (1,375)	$ (3,584)

v3.23.2

Operating Leases - Operating Lease Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease income	$ 10,860	$ 2,408
Variable lease income	0	827
Total operating lease income	$ 10,860	$ 3,235

v3.23.2

Assets and Liabilities Held for Sale and Discontinued Operations (Details) - USD ($) $ in Thousands		6 Months Ended
	May 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations		$ 293	$ (82,372)
Loss from discontinued operations			(195,611)
(Loss)/gain on disposal			113,239
CoolCo
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations		293	(204,972)
Loss from discontinued operations			(194,912)
(Loss)/gain on disposal			(10,060)
TundraCo
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations		$ 0	122,600
Loss from discontinued operations			(699)
(Loss)/gain on disposal			$ 123,299
Golar LNG NB 13 Corporation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss)/gain on disposal	$ 123,200
Consideration received	352,500
Net investment value	229,000
Fees incurred in relation to disposal	$ 300

v3.23.2

Assets and Liabilities Held for Sale and Discontinued Operations - Narrative (Details) - USD ($) shares in Millions	1 Months Ended	6 Months Ended
	May 31, 2023	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss)/gain on disposal			$ 113,239,000
Cool Company Ltd | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss)/gain on disposal	$ 27,000		(10,100,000)
Assets and liabilities disposed			355,400,000
Cash sale proceeds			$ 218,200,000
Discontinued operation, consideration, number of shares			12.5
Discontinued operation, consideration, value of shares received			$ 127,100,000
Cool Company Ltd | Discontinued operations, disposed of by sale | Capital Lease Obligations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Guaranty liabilities		$ 193,800,000
Cool Company Ltd | Debt guarantee fees | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Continuing cash flows after disposal		500,000	300,000
Cool Company Ltd | Management and administrative services | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Continuing cash flows after disposal		1,400,000	1,200,000
Cool Company Ltd | Pool expense | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Continuing cash flows after disposal		0	2,000,000
Cool Company Ltd | Ship management fees, Golar Artic and FSRU Golar Tundra | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Continuing cash flows after disposal		1,000,000	0
Cool Company Ltd | Ship management fees, LNG Croatia | Discontinued operations, disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Continuing cash flows after disposal		$ 100,000	$ 0

v3.23.2

Variable Interest Entities ("VIE") - Narrative (Details) - vessel	1 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2018	Jun. 30, 2022	Dec. 31, 2022	Apr. 16, 2019
Vessels disposal group
Variable Interest Entity [Line Items]
Number of vessels in sale and leaseback transactions that were sold			7
Gimi MS | FLNG
Variable Interest Entity [Line Items]
Ownership percentage					30.00%
VIE debt
Variable Interest Entity [Line Items]
Number of vessels in sale and leaseback transaction	1			1
Sale and leaseback term		10 years
Sale and leaseback term, extension term	5 years

v3.23.2

Variable Interest Entities ("VIE") - Summary of Bareboat Charters (Details) - Hilli LLC - VIE debt - CSSC $ in Thousands	Jun. 30, 2023 USD ($)
Variable Interest Entity [Line Items]
2023	$ 42,488
2024	82,890
2025	79,943
2026	76,996
2027	74,133
2028+	$ 340,482

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities-Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Restricted cash and short-term deposits	$ 132,219	$ 134,043
Liabilities
Current portion of long-term debt and short-term debt	(321,928)	(344,778)
Long-term debt	(867,350)	(844,546)
Total liabilities	(1,379,535)	(1,379,386)
VIE debt
ASSETS
Restricted cash and short-term deposits	18,804	21,691
Liabilities
Current portion of long-term debt and short-term debt	(314,683)	(337,547)
Long-term debt	(121,021)	(156,563)
Total liabilities	$ (435,704)	$ (494,110)

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities-Continuing Operations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of operations
Interest expense	$ 972	$ 11,435
Continuing operations
Statement of cash flows
Net debt repayments	(76,397)	(502,549)
VIE debt | Continuing operations
Statement of operations
Interest expense	5,273	2,878
Statement of cash flows
Net debt repayments	$ (52,359)	$ (50,570)

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Discontinued Operations (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of operations
Interest expense	$ 972	$ 11,435
VIE debt | Discontinued operations
Statement of operations
Interest expense	$ 0	$ 3,814

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Hilli LLC - Narrative (Details) $ in Millions	Mar. 15, 2023 USD ($) shares	Apr. 30, 2021 shares	Jul. 31, 2018 shares	Jun. 30, 2023 class_of_unit
Variable Interest Entity [Line Items]
Number of classes of units | class_of_unit				3
Golar Hilli LLC
Variable Interest Entity [Line Items]
Loss stock repurchased during period, value | $	$ 251.2
New Fortress Energy (NFE)
Variable Interest Entity [Line Items]
Investment owned, shares disposed (in shares)	4,100,000
Shares used for repurchase of equity	4,100,000
Shares used for repurchase of equity, value | $	$ 116.9
Hilli Common Units
Variable Interest Entity [Line Items]
Stock repurchased during the period (in shares)	1,230
Payments for repurchase of equity | $	$ 100.0
Dividends payable | $	$ 3.9
Hilli Common Units | Purchase and Sale Agreement | Golar LNG Partners
Variable Interest Entity [Line Items]
Number of shares issued (in shares)		1,230
Golar LNG Partners | Hilli Common Units
Variable Interest Entity [Line Items]
Number of shares issued (in shares)			1,230

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Hilli LLC Ownership Structure (Details) - Golar Hilli LLC	Jun. 30, 2023
Golar debt | Series A Special Units
Variable Interest Entity [Line Items]
Percentage ownership by wholly owned subsidiary	89.10%
Golar debt | Series B Special Units
Variable Interest Entity [Line Items]
Percentage ownership by wholly owned subsidiary	89.10%
Golar debt | Common Units
Variable Interest Entity [Line Items]
Percentage ownership by wholly owned subsidiary	94.60%
Keppel Shipyard Limited (“Keppel”) | Series A Special Units
Variable Interest Entity [Line Items]
Ownership percentage	10.00%
Keppel Shipyard Limited (“Keppel”) | Series B Special Units
Variable Interest Entity [Line Items]
Ownership percentage	10.00%
Keppel Shipyard Limited (“Keppel”) | Common Units
Variable Interest Entity [Line Items]
Ownership percentage	5.00%
Black and Veatch (“B&V”) | Series A Special Units
Variable Interest Entity [Line Items]
Ownership percentage	0.90%
Black and Veatch (“B&V”) | Series B Special Units
Variable Interest Entity [Line Items]
Ownership percentage	0.90%
Black and Veatch (“B&V”) | Common Units
Variable Interest Entity [Line Items]
Ownership percentage	0.40%

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Hilli LLC Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Balance sheet
Current assets	$ 954,308	$ 1,258,506
Current liabilities	(441,288)	(414,412)
Hilli LLC | VIE debt
Balance sheet
Current assets	62,666	105,738
Non-current assets	1,287,528	1,481,722
Current liabilities	(390,197)	(381,131)
Non-current liabilities	$ (160,715)	$ (240,146)

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Hilli LLC Statements of Income and Statements of Cash Flow (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of operations
Total operating revenues	$ 151,498	$ 140,165
Realized and unrealized (loss)/gain on oil and gas derivative instruments	(87,754)	447,257
Statement of changes in equity
Equity	215,605
Additional Paid-in Capital
Statement of changes in equity
Equity	251,249
Non-Controlling Interest
Statement of changes in equity
Equity	(35,644)
Liquefaction services revenue
Statement of operations
Total operating revenues	116,594	123,421
VIE debt
Statement of cash flows
Financing costs paid	(3,150)	0
Hilli LLC | VIE debt
Statement of operations
Realized and unrealized (loss)/gain on oil and gas derivative instruments	(87,754)	447,257
Statement of cash flows
Reacquisition of common units in Hilli LLC	(100,047)	0
Net debt repayments	(52,359)	(50,570)
Financing costs paid	(3,150)	0
Cash dividends paid	(17,842)	(25,305)
Hilli LLC | VIE debt | Additional Paid-in Capital
Statement of changes in equity
Equity	(251,249)	0
Hilli LLC | VIE debt | Non-Controlling Interest
Statement of changes in equity
Equity	35,644	0
Hilli LLC | VIE debt | Liquefaction services revenue
Statement of operations
Total operating revenues	$ 116,594	$ 123,421

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Gimi MS Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Balance sheet
Current assets	$ 954,308	$ 1,258,506
Current liabilities	(441,288)	(414,412)
Golar Gimi | VIE debt
Balance sheet
Current assets	23,050	12,460
Non-current assets	1,369,738	1,195,725
Current liabilities	(62,178)	(10,666)
Non-current liabilities	$ (603,302)	$ (516,298)

v3.23.2

Variable Interest Entities ("VIE") - Schedule of Variable Interest Entities- Gimi MS Statements of Income and Statements of Cash Flow (Details) - VIE debt - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Statement of cash flows
Financing costs paid	$ (3,150)	$ 0
Golar Gimi
Statement of cash flows
Additions to asset under development	138,102	175,230
Financing costs paid	(1,156)	(2,080)
Proceeds from short-term and long-term debt	85,000	125,000
Proceeds from subscription of equity interest in Gimi MS	$ 21,118	$ 11,270

v3.23.2

Restricted Cash and Short-Term Deposits (Details) $ in Thousands, € in Millions, t in Millions	1 Months Ended	6 Months Ended
	May 31, 2021 USD ($) t	Jun. 30, 2023 USD ($) guarantee instatementPayments	Jun. 30, 2023 EUR (€) guarantee instatementPayments	Dec. 31, 2022 USD ($) guarantee	Dec. 31, 2022 EUR (€) guarantee	Nov. 30, 2015 USD ($)
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 132,219		$ 134,043
Less: Amounts included in current restricted cash and short-term deposits		(58,495)		(21,693)
Non-current restricted cash		$ 73,724		112,350
Number of advance repayments guarantees | guarantee		3	3
Financial guarantee | LNG Croatia and NFE's fleet
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 11,772		$ 11,504
Number of performance guarantees | guarantee		2	2	2	2
Facility term agreement		10 years
Financial guarantee | LNG Croatia and NFE's fleet | Euro member countries, Euro
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits | €			€ 9.3		€ 9.3
Financial guarantee | LNG Croatia and NFE's fleet | United States of America, Dollars
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 1,300		$ 1,300
Performance guarantee | Golar Arctic
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 39,691		38,822
Number of installment payments from Snam | instatementPayments		3	3
Performance guarantee | Golar Arctic | Euro member countries, Euro
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits | €			€ 26.9
Performance guarantee | Golar Arctic | United States of America, Dollars
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 30,200
VIE debt
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		18,804		21,691
Lease agreements
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		979		1,074
Repayment Guarantees | Golar Arctic | Euro member countries, Euro
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits | €			8.1
Repayment Guarantees | Golar Arctic | Euro member countries, Euro | Maximum
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits | €			€ 163.9
Repayment Guarantees | Golar Arctic | United States of America, Dollars
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		9,000
GoFLNG Hilli facility
Restricted Cash and Cash Equivalents Items [Line Items]
Credit facility available to project partner						$ 400,000
LNG production | t	3.6
Maximum borrowing capacity	$ 100,000
GoFLNG Hilli facility | Financial guarantee
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and short-term deposits		$ 60,973		$ 60,952		$ 305,000

v3.23.2

Other Current Assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Current Assets [Line Items]
Prepaid expenses	$ 3,319	$ 2,760
Investment in listed equity securities (notes 8 and 12)	0	224,788
Other receivables	4,166	3,925
Other current assets	72,662	315,234
Commodity contract
Other Current Assets [Line Items]
Derivative asset	44,628	73,583
Receivable from TTF linked commodity swap derivatives	7,581	4,638
Interest rate swap
Other Current Assets [Line Items]
Derivative asset	5,557	0
Interest Receivable	2,461	1,923
Money market
Other Current Assets [Line Items]
Interest Receivable	$ 4,950	$ 3,617

v3.23.2

Asset Under Development - Schedule Of Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Extractive Industries Rollforward [Abstract]
Opening asset under development balance	$ 1,152,032	$ 877,838
Additions	115,264	221,184
Interest costs capitalized	33,452	53,010
Closing asset under development balance	$ 1,300,748	$ 1,152,032

v3.23.2

Asset Under Development - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Apr. 30, 2019	Jun. 30, 2023	Dec. 31, 2022
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Gimi conversion cost	$ 1,600.0
Production period		20 years
Performance obligation completed (in percent)		95.00%
Lease and operate agreement, pre-commissioning contractual cash flows		$ 25.4	$ 0.0
Gain contingency		$ 22.1
Gimi $700 million facility | Gimi conversion
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]
Gimi conversion cost	$ 700.0

v3.23.2

Asset Under Development - Commitments (Details) - Gimi conversion $ in Thousands	Jun. 30, 2023 USD ($)
Schedule of Other Non-current Assets [Line Items]
2023	$ 214,431
2024	183,057
Contractual obligation	$ 397,488

v3.23.2

Equity Method Investments (Details) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	Mar. 31, 2023 $ / shares shares	Mar. 31, 2023 USD ($) $ / shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Mar. 31, 2023 kr / shares	Dec. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Net (losses)/income from equity method investments			$ (296)	$ 3,009
Equity method investments			46,244			$ 104,108
CoolCo
Schedule of Equity Method Investments [Line Items]
Net (losses)/income from equity method investments			1,491	5,390
Equity method investment, realized gain (loss) on disposal		$ 800	823	0
Equity method investments			$ 0			55,439
Number of shares issued (in shares) | shares	4,500,000
Sale of stock, price per share | (per share)	$ 12.60	$ 12.60			kr 130
Proceeds for shares issued		$ 56,100
Sale of stock, fees paid on transaction		$ 100
Investment owned, balance (in shares) | shares			1
Avenir
Schedule of Equity Method Investments [Line Items]
Net (losses)/income from equity method investments			$ (2,879)	(2,537)
Equity method investments			39,095			41,790
ECGS and Aqualung
Schedule of Equity Method Investments [Line Items]
Net (losses)/income from equity method investments			269	$ 156
Equity method investments			$ 7,149			$ 6,879

v3.23.2

Other Non-Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Components of Other Non-Current Assets:
Operating lease right-of-use-assets (1)	$ 8,252	$ 5,653
Other	143,412	32,652
Other non-current assets	455,686	512,039
Lease and operate agreement, pre-commissioning contractual cash flows	25,400	0
MK II FLNG
Components of Other Non-Current Assets:
Other assets, capitalized engineering costs, noncurrent	38,000	16,700
Other assets, long lead items, noncurrent	59,800	10,400
Other assets, deposit for a donor vessel, noncurrent	15,500	0
Oil
Components of Other Non-Current Assets:
Derivative instrument	107,955	182,795
Gas
Components of Other Non-Current Assets:
Derivative instrument	101,542	196,184
Interest rate swap
Components of Other Non-Current Assets:
Derivative instrument	47,960	54,970
Commodity swap
Components of Other Non-Current Assets:
Derivative instrument	$ 46,565	$ 39,785

v3.23.2

Debt - Schedule of components of Debt (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Total debt (gross)	$ (1,218,950)	$ (1,210,279)
Subtotal (excluding lessor VIE debt)	(776,943)	(715,913)
Less: Deferred financing costs (2)	29,672	20,955
Total debt, net of deferred financing costs	(1,189,278)	(1,189,324)
Current portion of long-term debt and short-term debt	(321,928)
Long-term debt	(867,350)	(844,546)
VIE debt
Debt Instrument [Line Items]
Total debt, net of deferred financing costs	(435,704)
Current portion of long-term debt and short-term debt	(314,683)
Long-term debt	(121,021)	(156,563)
Golar debt
Debt Instrument [Line Items]
Total debt, net of deferred financing costs	(753,574)
Current portion of long-term debt and short-term debt	(7,245)
Long-term debt	(746,329)
Gimi facility (note 15.1) | Revolving credit facility
Debt Instrument [Line Items]
Total debt (gross)	(620,000)	(535,000)
Unsecured Bonds
Debt Instrument [Line Items]
Payments of debt issuance costs	5,200
Unsecured Bonds | Long-term debt
Debt Instrument [Line Items]
Total debt (gross)	(138,706)	(159,029)
Golar Arctic facility | Secured debt
Debt Instrument [Line Items]
Total debt (gross)	(18,237)	(21,884)
CSSC VIE debt- Hilli Facility | Secured debt
Debt Instrument [Line Items]
Total debt (gross)	(442,007)	$ (494,366)
Payments of debt issuance costs	$ 6,300
7% Unsecured Bonds, Maturing Oct 2025 | Unsecured debt
Debt Instrument [Line Items]
Debt instrument, face amount			$ 300,000

v3.23.2

Debt - Narrative (Details) - Unsecured debt - USD ($)			1 Months Ended
	Apr. 04, 2023	Mar. 22, 2023	Apr. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	May 31, 2023
Debt Instrument [Line Items]
Debt instrument, repurchased face amount			$ 15,900,000	$ 4,500,000
Debt instrument, repurchased face amount as a percentage of consideration (in percentage)			100.40%	99.75%
Debt partially redeemed			$ 16,500,000	$ 4,600,000
Debt instrument, increase, accrued interest	$ 500,000	$ 100,000
Gain (loss) on repurchase of debt instrument			$ 300,000	$ 44,400
Debt instrument, amendment, free liquid assets						$ 100,000,000
Debt instrument, amendment, free liquid assets, percentage of commission					3.75%
Debt instrument, amendment, commission fee						$ 5,200,000

v3.23.2

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Current Liabilities [Line Items]
Underutilization liability	$ (29,233)	$ 0
Day 1 gain deferred revenue - current portion	(12,783)	(12,783)
Deferred revenue	$ (4,220)	$ (6,080)
Operating lease, liability, current, statement of financial position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Current portion of operating lease liability	$ (989)	$ (1,328)
Demurrage cost (note 5)	(288)	(1,608)
Contract liability (note 5)	(2,325)	(4,177)
Other payables	(9,688)	(1,469)
Other current liabilities	(59,526)	(27,445)
Current contract liabilities	35,779	8,398
Oil
Other Current Liabilities [Line Items]
Current contract liabilities	10,000	10,000
Gas
Other Current Liabilities [Line Items]
Current contract liabilities	$ 2,800	$ 2,800

v3.23.2

Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Long-Term Liabilities [Line Items]
Day 1 gain deferred revenue	$ (25,501)	$ (31,720)
Pension obligations	(23,459)	(24,269)
Deferred commissioning period revenue	(8,353)	(10,396)
Non current contract liabilities	(8,353)	(54,018)
Non-current portion of operating lease liabilities	(6,614)	(3,587)
Other payables	(6,970)	(6,834)
Other non-current liabilities	(70,897)	(120,428)
Asset retirement obligation	5,800	5,700
Assets under development, removal cost capitalized	4,700	4,700
Underutilization Liability
Other Long-Term Liabilities [Line Items]
Non current contract liabilities	0	(35,806)
Oil
Other Long-Term Liabilities [Line Items]
Non current contract liabilities	(19,700)	(24,500)
Gas
Other Long-Term Liabilities [Line Items]
Non current contract liabilities	(5,800)	(7,200)
Golar Arctic
Other Long-Term Liabilities [Line Items]
Non current contract liabilities	$ 0	$ (7,816)

v3.23.2

Financial Instruments - Carrying Values and Estimated Fair Values (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Non-Derivatives:
Cash and cash equivalents	$ 770,567	$ 528,612	$ 878,838	$ 231,849
Trade accounts receivable	37,605		41,545
Investment in listed equity securities	0		224,788
Current portion of long-term debt and short-term debt	(321,928)		(344,778)
Long-term debt	(867,350)		(844,546)
Derivatives:
Deposits, money market deposits	668,700	420,200	634,200
Interest income, money market deposits	17,800	$ 400
Less: Deferred financing costs (2)	29,672		20,955
Commodity contract
Non-Derivatives:
Receivable from TTF linked commodity swap derivatives	7,581		4,638
Carrying value | Level 1
Non-Derivatives:
Cash and cash equivalents	770,567		878,838
Restricted cash and short-term deposits	132,219		134,043
Trade accounts receivable	37,605		41,545
Money market funds	4,950		3,617
Equity securities	0		224,788
Trade accounts payable	(16,300)		(8,983)
Assets held for sale (note 11)	14,979		0
Carrying value | Level 1 | Interest rate swap
Non-Derivatives:
Receivable from TTF linked commodity swap derivatives	2,461		1,923
Carrying value | Level 1 | Commodity contract
Non-Derivatives:
Receivable from TTF linked commodity swap derivatives	7,581		4,638
Carrying value | Level 2
Non-Derivatives:
Assets held for sale (note 11)	0		721
Liabilities held for sale (note 11)	0		(373)
Current portion of long-term debt and short-term debt	(322,902)		(344,960)
Long-term debt	(757,342)		(706,290)
Unsecured long-term debt, noncurrent	(138,706)		(159,029)
Carrying value | Level 2 | Oil and gas derivative
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	209,497		378,979
Carrying value | Level 2 | Interest rate swap
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	53,517		54,970
Carrying value | Level 2 | Commodity contract
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	91,193		113,368
Fair value | Level 1
Non-Derivatives:
Cash and cash equivalents, fair value	770,567		878,838
Restricted cash and short-term deposits, fair value	132,219		134,043
Trade accounts receivable, fair value	37,605		41,545
Money market funds, fair value	4,950		3,617
Investment in listed equity securities	0		224,788
Trade accounts payable, fair value	(16,300)		(8,983)
Assets held for sale (note 11)	14,979		0
Fair value | Level 1 | Interest rate swap
Non-Derivatives:
Other receivables, fair value disclosure	2,461		1,923
Fair value | Level 1 | Commodity contract
Non-Derivatives:
Other receivables, fair value disclosure	7,581		4,638
Fair value | Level 2
Non-Derivatives:
Assets held for sale (note 11)	0		721
Liabilities held for sale, fair value	0		(373)
Current portion of long-term debt and short-term debt, fair value	(322,902)		(344,960)
Long-term debt, fair value	(757,342)		(706,290)
Unsecured long-term debt, noncurrent, fair value	(134,802)		(158,092)
Fair value | Level 2 | Oil and gas derivative
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	209,497		378,979
Fair value | Level 2 | Interest rate swap
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	53,517		54,970
Fair value | Level 2 | Commodity contract
Derivatives:
MTM asset on TTF linked commodity swap derivatives (note 21)	$ 91,193		$ 113,368

v3.23.2

Financial Instruments - Interest Rate Swaps (Details) - Interest rate swap - Cash Flow Hedging - Designated as hedging instrument $ in Thousands	Jun. 30, 2023 USD ($)
Derivative [Line Items]
Notional value	$ 729,792
Minimum | LIBOR
Derivative [Line Items]
Fixed interest rates	1.69%
Maximum | LIBOR
Derivative [Line Items]
Fixed interest rates	2.37%

v3.23.2

Financial Instruments - Narrative (Details) - Oil	Dec. 31, 2018 liquefiedNaturalGasTons $ / barrel
Derivative [Line Items]
Derivative floor price (in usd per barrel) | $ / barrel	60.00
Tons of liquefied natural gas	1,000,000
Tons of liquefied natural gas linked to TTF index	200,000

v3.23.2

Derivative Instruments and Hedging Activities (Details)	Jun. 30, 2023 MMBTU $ / MMBTU
Commodity Swap, Pay Floating
Derivative [Line Items]
Notional quantity (MMBtu) | MMBTU	3,226,002
Commodity Swap, Pay Floating | Maximum
Derivative [Line Items]
Fixed price/MMBtu	51.20
Commodity Swap, Pay Floating | Minimum
Derivative [Line Items]
Fixed price/MMBtu	49.50
Commodity Swap, Pay Fixed
Derivative [Line Items]
Notional quantity (MMBtu) | MMBTU	3,226,002
Commodity Swap, Pay Fixed | Maximum
Derivative [Line Items]
Fixed price/MMBtu	22.00
Commodity Swap, Pay Fixed | Minimum
Derivative [Line Items]
Fixed price/MMBtu	20.55

v3.23.2

Related Party Transactions - Transactions with existing related parties (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Avenir LNG Limited
Related Party Transaction [Line Items]
Other receivables	$ 7,093,000	$ 3,472,000
Related Party
Related Party Transaction [Line Items]
Other receivables	$ 7,093,000	3,472,000
CoolCo and Subsidiaries
Related Party Transaction [Line Items]
Other receivables		$ 394,000

v3.23.2

Related Party Transactions - Narrative (Details)	1 Months Ended			2 Months Ended	6 Months Ended		12 Months Ended
	May 31, 2023 USD ($)	Oct. 31, 2022	Oct. 31, 2021	Mar. 02, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) vessel	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Operating expenses					$ 128,802,000	$ 164,348,000
CoolCo
Related Party Transaction [Line Items]
Number of vessels | vessel						8
Sublease income				$ 63,000		$ 0
Employee benefits and share-based compensation				$ 53,000		0
Loan to related party | Avenir
Related Party Transaction [Line Items]
Debt instrument, term							1 year
Shareholder loan					5,300,000		$ 1,800,000
Loans and leases receivable, term		3 years
Related party transaction rate	7.00%		5.00%
Increase (decrease) shareholder loan	$ 3,500,000
Other related party transactions | Avenir LNG Limited
Related Party Transaction [Line Items]
Debt instrument, interest and commitment fee receivable					$ 100,000	100,000
The Cool Pool Limited | Net (loss)/income from discontinued operations
Related Party Transaction [Line Items]
Operating expenses						$ 2,000,000

v3.23.2

Related Party Transactions - Transactions and balances with former related parties (Details)	2 Months Ended	6 Months Ended		12 Months Ended
	Mar. 02, 2023 USD ($)	Jun. 30, 2023 USD ($) subsidiary	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
CoolCo | Lease obligations
Related Party Transaction [Line Items]
Guaranty liabilities		$ 193,800,000
Golar Ice And Golar Kelvin
Related Party Transaction [Line Items]
Number of disposed subsidiaries agreed to remain as guarantor of payment obligations | subsidiary		2
CoolCo and Subsidiaries
Related Party Transaction [Line Items]
Receivable from TTF linked commodity swap derivatives				$ 394,000
Ship management fees expense | Golar Artic And Golar Tundra | CoolCo and Subsidiaries
Related Party Transaction [Line Items]
Ship management fee expenses	$ 200,000
Ship management fees expense | Ship management fees, LNG Croatia | CoolCo and Subsidiaries
Related Party Transaction [Line Items]
Ship management fee expenses	100,000
Debt guarantee fees | CoolCo
Related Party Transaction [Line Items]
Compensation amount	200,000		$ 300,000
Commitment fee | CoolCo
Related Party Transaction [Line Items]
Compensation amount	21,000		54,000
Debt Guarantee Percentage | CoolCo
Related Party Transaction [Line Items]
Related party transaction rate		0.50%
Loan to related party | CoolCo | Revolving credit facility
Related Party Transaction [Line Items]
Compensation amount				$ 25,000,000
Related party transaction rate		5.00%
Debt instrument, term				2 years
Annual commitment fee		0.50%
CoolCo and Subsidiaries
Related Party Transaction [Line Items]
Related party transaction, net income (expense) from related parties	451,000		2,742,000
CoolCo and Subsidiaries | Management and administrative service fees
Related Party Transaction [Line Items]
Compensation amount	588,000		1,160,000
CoolCo and Subsidiaries | Ship management fees revenue
Related Party Transaction [Line Items]
Compensation amount	0		1,249,000
CoolCo and Subsidiaries | Ship management fees expense
Related Party Transaction [Line Items]
Compensation amount	(333,000)		0
CoolCo and Subsidiaries | Debt guarantee fees
Related Party Transaction [Line Items]
Compensation amount	175,000		279,000
CoolCo and Subsidiaries | Commitment fee
Related Party Transaction [Line Items]
Compensation amount	$ 21,000		$ 54,000

v3.23.2

Other Commitments and Contingencies - Pledged Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Book value of vessels secured against loans	$ 1,091,145	$ 1,115,500

v3.23.2

Other Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
MK II FLNG
Restricted Cash and Cash Equivalents Items [Line Items]
Commitments and contingencies	$ 206.6
MK II FLNG | Maximum
Restricted Cash and Cash Equivalents Items [Line Items]
Long term purchase commitments		$ 328.5
Fuji LNG
Restricted Cash and Cash Equivalents Items [Line Items]
Purchase commitment, remaining minimum amount committed	$ 62.0

v3.23.2

Subsequent Events (Details)	Aug. 10, 2023 $ / shares
Subsequent event
Subsequent Event [Line Items]
Dividends payable (in USD per share)	$ 0.25

v3.23.2

Label	Element	Value
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 2,176,231,000
Revision of Prior Period, Adjustment [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(1,686,000)	[1]
Noncontrolling Interest [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	447,267,000
Additional Paid-in Capital [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1,932,998,000
Additional Paid-in Capital [Member] | Revision of Prior Period, Adjustment [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(39,861,000)	[1]
Common Stock [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	108,223,000
AOCI Attributable to Parent [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(10,834,000)	[2]
Parent [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1,728,964,000
Parent [Member] | Revision of Prior Period, Adjustment [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(1,686,000)	[1]
Contributed Surplus [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	200,000,000	[3]
Retained Earnings [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	(501,423,000)
Retained Earnings [Member] | Revision of Prior Period, Adjustment [Member]
Equity, Including Portion Attributable to Noncontrolling Interest	us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	$ 38,175,000	[1]
[1] Opening adjustment to the December 31, 2021 equity relates to the adoption of ASU 2020-06 Debt – Debt with Conversion and Other Options (Topic 470) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Topic 815), relating to amendment to simplify an issuer’s accounting for convertible instruments. [2] As at June 30, 2023 and 2022, our other comprehensive income consisted of a gain of $1.5 million and $0.1 million of pension and post-retirement benefit plan adjustments and $0.2 million and $nil income for our share of equity method investment’s comprehensive income, respectively. [3] Contributed Surplus is “capital” that can be returned to stockholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends.

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