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Golar LNG INTERIM RESULTS FOR THE PERIOD ENDED SEPTEMBER 30 , 2021 • Total operating revenues of $ 106.6 million and Adjusted EBITDA of $ 74.5 million , up 12 % and 30 % YoY respectively • Signed 1 - year shipping time charter at approximately $ 100,000 / day • • • Secured up to $ 682m in new financing facilities , securing refinancing of the convertible bond on favorable terms and balance sheet liquidity improvement Growing customer interest for new FLNG projects Golar positioned to capitalize on macro tailwinds , benefiting from operating and financial leverage going into 2022+ FLNG Hilli achieved another quarter of 100 % commercial uptime . Capitalizing on record gas prices , Golar recently hedged half of its Q1 2022 Dutch Title Transfer Facility ( " TTF " ) exposure from the 0.2mtpa of additional 2022 production at a TTF price of $ 28 / MMBtu , implying additional earnings to Golar for the quarter of $ 21.2 million ( for each $ 1.00 / MMBtu change in TTF , earnings realized by Golar will move by $ 0.4 million for unhedged volumes during Q1 2022 ) . This implies a gross tolling fee of $ 11.4 / MMBtu for the incremental production . The TTF linked production will , together with the Brent linked fees from trains one and two , see significant increased earnings from Hilli during 2022 , with no further capital expenditure required by Golar . The strong commodity price backdrop has also incentivized the current customer of FLNG Hilli to expand its ongoing drilling program , which if successful will allow it to take advantage of its option to increase production by up to 0.4mtpa from 2023-2026 . FLNG Gimi is 75 % technically complete . The unit is now around two years from the scheduled start - up date for the 20 - year lease and operate agreement with BP that will unlock around $ 3.0 billion of earnings backlog to Golar . We expect Adjusted EBITDA generation from our FLNG segment to quadruple from current levels over the next 2-3 years on the back of contracted earnings from Gimi and increased earnings from our commodity exposure on Hilli . The current strength of LNG prices and favorable price outlook further increases the attractiveness of our FLNG solutions . This is driving momentum for potential new FLNG projects . We are continuing constructive discussions with an existing customer for use of a five - million - ton Golar Mark III newbuild design and rapid progress is being made on potential integrated projects . Our portfolio of prospective FLNG customers across different geographies increased during the quarter . Shipping Q3 2021 average daily Time Charter Equivalent¹ ( “ TCE ” ) earnings of $ 49,500 / day , up 27 % on Q3 2020 , will continue to increase as the shipping fleet is re - contracted at higher expected rates . Golar recently announced a new 12 - month time charter with a gross hire rate of approximately $ 100,000 / day . Increasing exposure to higher freight rates over the course of 2022 , rising asset values , tighter environmental regulations that reduce effective vessel supply and deleveraging of Golar's LNG carriers are all contributing to expectations of a significant increase in cash generation from our shipping segment 1. Refer to section " Non - GAAP measures " for definition and reconciliation to the most comparable US GAAP measure , where applicable .