Golar LNG chief Iain Ross resigns

Golar LNG has launched a search for a new chief executive after Iain Ross decided to step down from the position following almost four years with the firm.

The LNG firm’s board received a resignation notice from Ross on Monday.

Golar said in s statement Ross’ contractual termination period of six months can be prolonged or reduced upon mutual agreement.

The company did not provide any additional information on the resignation.

Ross has served as CEO since September 21, 2017. Prior to joining Golar, he held various executive level positions with Australian engineering firm WorleyParsons.

New Fortress deal to close soon

Golar LNG also said it was finalizing the previously announced deal with Wes Edens-led New Fortress Energy.

The US firm will acquire Hygo Energy Transition, a joint venture consisting of Tor Olav Troim-led Golar and Stonepeak Infrastructure Partners, but also Golar LNG Partners.

The move is one the biggest deals in the LNG industry since the start of the Covid-19 pandemic early last year.

Golar said the NFE transactions would “simplify the company’s structure, crystalize underlying value and strengthen the balance sheet.”

The firm said the majority of the closing conditions had been completed and it expects to finalize the transactions soon.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

GasLog, Woodside name LNG carrier duo in South Korea

South Korea's Hanwha Ocean has hosted a naming ceremony at its yard in Geoje for two LNG carriers it built for owner Greece's GasLog and charterer Australia's Woodside.

More News Like This

NFE seals Puerto Rico LNG supply deal

NFE said in a statement that the contract is currently under review for approval by the Financial Oversight and...

NFE logs $557 million net loss, continues Puerto Rico supply deal talks

US LNG player New Fortress Energy reported a net loss of $557 million in the second quarter of 2025, while it continues to negotiate a long-term gas sale agreement with PREPA to provide gas island-wide in Puerto Rico.

Sawgrass LNG & Power secures Barbados supply deal

Miami-based Sawgrass LNG & Power has once again been selected as the supplier of LNG to Barbados National Energy Company (BNECL).

Seatrium nets contract to upgrade Golar’s FLNG

Singapore’s Seatrium has secured a contract from a unit of floating LNG player Golar LNG to upgrade the latter's FLNG Hilli Episeyo, ahead of its new contract in Argentina in 2027.