Golar LNG reshuffles management and expands business

Golar LNG has appointed a new CEO following a complete overhaul and expansion of the gas carrier's LNG business, which includes a new power plant unit. There are many advantages to streamlining, says Norwegian analyst firm Fearnley.

It is necessary to shake things up in order to win the battle for the market in LNG, liquefied natural gas, expects US-based tanker carrier Golar LNG, which has now launched a comprehensive streamlining and expansion of the company.

Just as in many other markets, the focus is on minimizing costs in production and gaining a foothold in the new markets. And as such, Golar LNG has also made changes to its senior management team, informs the company in a press release.

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