Golar LNG Ltd

Common Name
Golar LNG
Country
Bermuda
Sector
Energy
Industry
Oil & Gas Midstream
Employees
474
Ticker
GLNG
Exchange
NASDAQ/NGS
Description
Golar LNG Ltd. is a prominent player in the liquefied natural gas (LNG) sector, focusing on the development and operation of LNG infrastructure and the transportation of LNG worldwide. As an integral ...

Golar LNG's GHG Emissions Data Preview

In 2023, Golar LNG completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Golar LNG has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Golar LNG’s Greenhouse Gas (GHG) Emissions Data

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a. Golar LNG's ESG Report 2023
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Insights into Golar LNG's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Golar LNG amounted to 584,794 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Golar LNG decreased by 15.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Golar LNG's Scope 1 Emissions Over Time

20202021202220230500 k1 M1.5 M2 MtCO2e-30%-49%-16%
  • Total Scope 1
  • Year-over-Year Change

What are Golar LNG's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Golar LNG were 584,778 metric tons of CO₂ equivalent (tCO₂e). a

Has Golar LNG reduced its Scope 1 emissions over time?

Since 2020, Golar LNG's Scope 1 emissions have decreased by 69.93%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Golar LNG's Scope 1 emissions decreased by 15.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Golar LNG's Scope 2 emissions?

In 2023, Golar LNG reported Scope 2 greenhouse gas (GHG) emissions of 41 tCO₂e using the market-based method and 16 tCO₂e using the location-based method. a

Has Golar LNG reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Golar LNG's Scope 2 emissions (Location-Based) fell by 68.63% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Golar LNG use for Scope 2 reporting?

In 2023, Golar LNG reported its Scope 2 emissions using the market-based method and using the location-based method. a

Golar LNG's Scope 2 Emissions Over Time

20222023015304560tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Golar LNG’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Golar LNG reported Scope 1 greenhouse gas (GHG) emissions of 584,778 tCO₂e and total revenues of USD 298 millions. This translates into an emissions intensity of 1,959.52 tCO₂e per millions USD. a

Golar LNG's Scope 1 Emissions Intensity Compared to Peers

10,000100,0001,000,00010,000,000100,000,000Scope 1 Emissions (tCO2e)5501,00010,000200,000Revenues (Millions of USD)HKinetik HoldingsYear: 2023Scope 1: 2,020,587 tCO2eRevenue: $M 1,256Scope 1 Intensity: 1,608.22 tCO2e/$MBeach EnergyYear: 2023Scope 1: 538,977 tCO2eRevenue: $M 7Scope 1 Intensity: 81,171.23 tCO2e/$MWilliams CompaniesYear: 2023Scope 1: 13,640,000 tCO2eRevenue: $M 10,907Scope 1 Intensity: 1,250.57 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MCMB.TECHYear: 2023Scope 1: 2,226,796 tCO2eRevenue: $M 1,235Scope 1 Intensity: 1,802.89 tCO2e/$MCheniere EnergyYear: 2023Scope 1: 9,730,770 tCO2eRevenue: $M 20,394Scope 1 Intensity: 477.14 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$MEnterprise Products PartnersYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 58,186Scope 1 Intensity: 206.24 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MWestern Midstream PartnersYear: 2023Scope 1: 4,690,000 tCO2eRevenue: $M 3,106Scope 1 Intensity: 1,509.75 tCO2e/$MKinder MorganYear: 2024Scope 1: 15,400,000 tCO2eRevenue: $M 15,100Scope 1 Intensity: 1,019.87 tCO2e/$MAltaGasYear: 2022Scope 1: 1,904,084 tCO2eRevenue: $M 10,408Scope 1 Intensity: 182.94 tCO2e/$MQatar Gas Transport Co Ltd (Nakilat) (QPSC)Year: 2023Scope 1: 5,328,583 tCO2eRevenue: $M 996Scope 1 Intensity: 5,349.81 tCO2e/$MTormYear: 2023Scope 1: 1,558,254 tCO2eRevenue: $M 10,501Scope 1 Intensity: 148.39 tCO2e/$MMPLXYear: 2023Scope 1: 5,400,000 tCO2eRevenue: $M 10,434Scope 1 Intensity: 517.54 tCO2e/$MGibson EnergyYear: 2023Scope 1: 115,192 tCO2eRevenue: $M 8,320Scope 1 Intensity: 13.85 tCO2e/$MTarga ResourcesYear: 2022Scope 1: 8,406,000 tCO2eRevenue: $M 20,930Scope 1 Intensity: 401.63 tCO2e/$MPembina PipelineYear: 2023Scope 1: 2,842,868 tCO2eRevenue: $M 6,893Scope 1 Intensity: 412.45 tCO2e/$MKeyeraYear: 2023Scope 1: 1,504,200 tCO2eRevenue: $M 5,328Scope 1 Intensity: 282.34 tCO2e/$MPlains GP HoldingsYear: 2023Scope 1: 832,000 tCO2eRevenue: $M 48,712Scope 1 Intensity: 17.08 tCO2e/$MScorpio TankersYear: 2023Scope 1: 2,362,449 tCO2eRevenue: $M 1,341Scope 1 Intensity: 1,761.42 tCO2e/$MFrontlineYear: 2023Scope 1: 2,317,363 tCO2eRevenue: $M 1,802Scope 1 Intensity: 1,285.86 tCO2e/$MGolar LNGYear: 2023Scope 1: 584,778 tCO2eRevenue: $M 298Scope 1 Intensity: 1,959.52 tCO2e/$M

How does Golar LNG's GHG emissions intensity compare to its peers?

In 2023, Golar LNG reported a Scope 1 emissions intensity of 1,959.52 tCO₂e per millions USD. Compared to the peer group median of 516.07, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Golar LNG rank on GHG emissions intensity within its industry?

In 2023, Golar LNG ranked 20 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Golar LNG among the least efficient performers, with one of the highest emissions intensities in its sector. a

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