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    Fredrik Dybwad • Fearnley Securities

    Fredrik Dybwad's questions to Golar LNG Ltd (GLNG) leadership

    Fredrik Dybwad's questions to Golar LNG Ltd (GLNG) leadership • Q1 2025

    Question

    Fredrik Dybwad of Fearnley Securities asked for an overview of the market opportunities for Golar's different FLNG designs (Mark I, II, and III) and questioned if the company would consider ordering more than one speculative unit.

    Answer

    CEO Karl Fredrik Staubo explained that while smaller units have more numerous opportunities, larger designs are essential for certain large-scale fields. He reiterated the strategy of having a maximum of one 'open' ship, noting that the Mark II is considered highly likely to be fixed, which would allow for ordering a fourth unit without changing this strategy.

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    Fredrik Dybwad's questions to Golar LNG Ltd (GLNG) leadership • Q4 2024

    Question

    Fredrik Dybwad from Fearnley Securities asked for more detail on the characteristics Golar looks for in prospective gas fields for the Mark II FLNG, such as reserve size.

    Answer

    CEO Karl Staubo specified that a prospective field should have at least 4 trillion cubic feet (Tcf) of reserves and sufficient gas flow to feed the FLNG. He added that the key gating item is ensuring the resource development timeline aligns with the FLNG delivery window. He also noted that opportunities exist in new locations with stranded reserves where fiscal regimes are now becoming favorable.

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    Fredrik Dybwad's questions to Okeanis Eco Tankers Corp (ECO) leadership

    Fredrik Dybwad's questions to Okeanis Eco Tankers Corp (ECO) leadership • Q1 2025

    Question

    Fredrik Dybwad from Fearnley Securities inquired about the conditions required in the time charter (TC) market for Okeanis Eco Tankers to consider increasing its TC coverage.

    Answer

    Aristidis Alafouzos (executive) stated that while current TC rates are at good levels, they still need to rise further to bridge the gap with higher asset values and spot earning expectations. He suggested an opportunity would arise when charterers can make a strong profit on the first voyage, de-risking the remainder of the TC period for them.

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