Golar LNG Limited operates floating liquefied natural gas (FLNG) vessels that provide liquefaction services to natural gas producers, converting natural gas into LNG at sea. The company generates revenue through three primary channels: tolling fees for liquefaction services, lease revenue from long-term equipment arrangements, and vessel management services, with contracts often structured around commodity price indices and production guarantees. The business operates with a concentrated customer base under long-term agreements, providing stable, high-margin revenue streams while executing a strategic expansion that includes converting additional LNG carriers into FLNG units to extend its liquefaction capacity and serve global energy producers seeking flexible offshore production solutions.