Home » Business News » 2012 » July » July 9, 2012

Golar LNG: Sale of Nusantara Regas Satu to Golar LNG Partners LP

July 9, 2012 - London

Golar LNG Limited ("Golar" or the "Company")announced today that it has entered into an agreement to sell the ownershipinterests in the companies that own and operate the floating storage andregasification unit ("FSRU") Nusantara Regas Satu ("NR Satu") (formerlyKhannur) to Golar LNG Partners L.P. ("Golar LNG Partners") for a price ofUSD385 million. The transaction is subject to the satisfaction of certainclosing conditions.

The Company expects to reinvest a significant part of the net proceedsreceivedfrom the sale in new LNG carriers and FSRU's.

The Board believes that the transaction is a further testament to thestrengthand efficiency of the Golar group's corporate structure whichallowsmonetisation of long term contracts whilst at the same time providinggrowth ofGolar LNG Partners.

Hamilton, Bermuda
July 9 2012

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Golar LNG via Thomson Reuters ONE


Golar Management Limited
+ 44 207 063 7900
Stuart Buchanan
Brian Tienzo


Comment on this story