What happened Shares of Golar LNG (NASDAQ: GLNG) rallied roughly 10% by 3:30 p.m. EDT on Wednesday. Fueling the stock was a report that it's in discussions with a customer to extend a contract on one of its vessels. So what Cameroon's National Hydrocarbons Corp. has started discussions with various partners to increase its production of liquified natural gas (LNG). As part of that negotiating process, it's working with Golar LNG to keep its Hilli Episeyo vessel stationed in the country beyond its current contract, which runs through 2026. That would enable the country to exploit the Rio Del Rey natural gas deposit. Image source: Getty Images. Cameroon started exporting LNG from the Sanga field in early 2018, using Golar LNG's Hilli Episeyo, which is the world's first converted floating LNG (FLNG) vessel. Golar converted a former LNG carrier into a liquefaction and storage facility to enable energy companies to exploit smaller natural gas fields that weren't big enough to justify a major onshore or offshore LNG terminal. Now what The potential extension of Golar LNG's contract would increase the long-term visibility of its revenue. It would also further demonstrate the viability of its FLNG technology, which could increase demand for these vessels in the future. However, with several years remaining on its existing contract, this potential extension won't move the needle for many years. 10 stocks we like better than Golar LNGWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Golar LNG wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 Matthew DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source