Operator

Good day, and thank you for standing by. Welcome to the Golar LNG Limited First Quarter 2026 Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Karl Fredrik Staubo, CEO. Please go ahead.

Karl Staubo
Chief Executive Officer of Golar Management AS

Thank you, operator, and good morning from our headquarters in Bermuda. Welcome to Golar's Q1 2026 Earnings Results Presentation. My name is Karl Fredrik Staubo, I'm the CEO of Golar and I'm accompanied today by our CFO, Eduardo Maranhao. Before we get into the presentation, please note the forward-looking statements on Slide 2. We start on Slide 3 and an overview of Golar today.

Q1 was a record quarter for LNG production for Golar. Hilli continued its 100% economic uptime and Gimi produced 19% above the committed contractual capacity. The Mark II FLNG remains on budget and scheduled for delivery by year-end '27. Geopolitical risks during the quarter highlights the vulnerability of global energy markets and the need for energy diversification and security. This has driven strong development of our commercial pipeline for incremental FLNG units, and we're now expecting to order our fourth FLNG unit within this year. As you can see on the bottom part of the slide, this is our 3 growth designs available for the next units. During the