Golar LNG “remains committed” to spinning off its downstream business into its planned new entity, Hygo Energy Transition.
The Tor Olav Troim-controlled company will resurrect its stalled initial public offering to carry it out.
In its third-quarter results statement, Golar said “an IPO remains the primary route to achieve this”, adding that it is subject to approval of the Hygo board, market conditions, ongoing business operations and development activity.
