Golar LNG: Sale of Golar Igloo to Golar LNG Partners LP

Golar LNG: Sale of Golar Igloo to Golar LNG Partners LP

Hamilton, Bermuda, Dec. 5, 2013 (GLOBE NEWSWIRE) -- Golar LNG Limited (the
"Company") announced today that it has entered into an agreement to sell its
ownership interest in the company that will own and operate the floating
storage and regasification unit ("FSRU") Golar Igloo ("Igloo") to Golar LNG
Partners L.P. ("Golar Partners") for a price of USD310 million. The
transaction is subject to the satisfaction of certain closing conditions.

Net proceeds received  from the  sale will  be applied  against the  remaining 
interim instalments of  the Company's  newbuild program  and create  liquidity 
which can be used as part equity in a potential ordering of a FLNG vessel.

This transaction is further  testament to a corporate  structure that has  now 
fully funded the equity component of the Company's current newbuilding program
whilst simultaneously providing for the growth of Golar Partners.

Hamilton, Bermuda
December 5, 2013
Enquiries: Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan

HUG#1748213
 
Press spacebar to pause and continue. Press esc to stop.