Golar sweeps aside project worries despite earnings miss

Analysts said Golar LNG's first-quarter earnings report should ease worries about the company even after it posted a deeper-than-predicted loss.

The New York-listed LNG vessel owner used its quarterly report to confirm that the Fortuna LNG export project in Equatorial Guinea is still on track for a final investment decision in the middle of this year.

The project will see Golar's OneLNG venture with Schlumberger convert the 126,000-cbm  LNG carrier Gandria (built 1977) into a floating liquefaction unit.