Tor Olav Troim-controlled Golar LNG has unwound the bulk of its swap arrangements for its European gas price-linked production from the company’s floating LNG (FLNG) production unit Hilli in Cameroon as prices for the commodity fall.
As a result, Golar said it has locked in approximately $140m of Ebitda linked to the Dutch Title Transfer Facility (TTF) natural gas pricing benchmark.
