UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2020
Commission File Number: 000-50113
Golar LNG Limited
(Translation of registrant's name into English)
2nd Floor S.E. Pearman Building 9 Par-la-Ville Road Hamilton HM 11 Bermuda
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On October 12, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated October 12, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Golar LNG Limited | ||
| (Registrant) | ||
| Date: October 12, 2020 | /s/ Callum Mitchell-Thomson | |
| Callum Mitchell-Thomson | ||
| Chief Financial Officer | ||
EXHIBIT 99.1
Hygo Leadership Update
Golar LNG Limited today announced that Hygo Energy Transition Limited (“Hygo”), has appointed Paul Hanrahan as Chief Executive Officer, effective October 19th 2020. Mr. Hanrahan will also join the board of directors of Hygo. Mr. Hanrahan brings to the role extensive international business experience, as the former President and Chief Executive Officer of The AES Corporation, one of the world’s leading independent power producers (2002-2011), former Chief Executive Officer of American Capital Energy and Infrastructure Management, an investment company in the energy and infrastructure industries (2012-2017), and former Chief Executive Officer of Globeleq, a leading independent power producer in Africa (2017-2019). Mr Hanrahan also sits on the board of Ingredion Inc, as a member of the audit committee. Mr. Hanrahan holds a Master of Business Administration degree from Harvard Business School and a Bachelor of Science degree in mechanical engineering from the U.S. Naval Academy. Mr Hanrahan is replacing Eduardo Antonello who is stepping down from his role with Hygo, effective immediately. The board accepted the resignation of Mr. Antonello and his wish to protect and isolate Hygo from any misleading interpretation caused by recent allegations involving Mr. Antonello for actions taken prior to his work for Hygo. The board thanks Mr. Antonello for the significant contribution in building the company’s businesses and organization.
Hygo and Norsk Hydro (“Hydro”) have today mutually agreed to terminate the existing MOU between the parties dated July 22, 2020 to supply LNG to the Alunorte alumina refinery in Brazil. The Barcarena Terminal is the only one permitted in the region and will have the opportunity to significantly reduce energy costs, and support environmentally responsible and sustainable industrial growth throughout this immense region. Hygo estimates a potential for replacing approximately 1.8 million tons of LNG equivalents per annum of LPG, diesel, fuel oil, and coal from the terminal – creating the foundation for a broader transition away from carbon-intensive energy sources in the region.
Hygo has secured 25 year PPAs for a 605MW power station and has received the necessary permits and has been awarded the port concession, to start building the LNG import terminal in the area. Hygo remains committed to the Barcarena Terminal and its plans will not be affected by the termination of the MOU with Hydro. Construction is expected to start shortly with commencement of operations in the first half of 2022.
Hygo has, since formation in 2016, built and developed unique infrastructure assets with large contracted revenue backlog for up to 25 years. The company will under the new strong and experienced leadership of Paul Hanrahan continue to deliver cleaner and cheaper energy to emerging markets.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.
These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.
As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. Golar LNG Limited and Hygo Energy Transition Limited undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law
Hamilton, Bermuda
October 12, 2020
Enquiries:
Golar Management Limited: + 44 207 063 7900
Eduardo Maranhão
Stuart Buchanan