Golar LNG Partners L.P.

July 19, 2012 11:54 ET

Completion of Acquisition of Nusantara Regas Satu

HAMILTON, BERMUDA--(Marketwire - Jul 19, 2012) - Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today, further to its announcement on July 9, 2012, that it has completed its acquisition of interests in the companies that own and operate the floating storage and regasification unit ("FSRU") Nusantara Regas Satu from Golar LNG Limited ("Golar LNG") for a purchase price of $385 million.

The Partnership financed the acquisition with the proceeds of its recent equity offering, which closed on July 16, 2012, cash on hand and vendor financing from Golar LNG in the amount of $155 million. The Partnership expects to refinance the loan from Golar LNG with bank financing during the third quarter of 2012.

Forward-Looking Statement

This press release contains a forward-looking statement within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") regarding the Partnership's expectation that it will refinance its $155 million loan from Golar LNG. This statement is based on management's current expectations or beliefs and is subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statement. Such risks and uncertainties include, without limitation, those risks and uncertainties identified in the Partnership's filings with the Securities and Exchange Commission pursuant to the Securities Act and the Exchange Act. The Partnership disclaims, and does not undertake, any obligation to update or revise the forward-looking statement in this press release.

Hamilton, Bermuda
July 19, 2012

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Source: Golar LNG Partners L.P. via Thomson Reuters ONE [HUG#1628121]

Contact Information

  • Investor relations enquiries:
    Golar Management Limited
    + 44 207 063 7900
    Graham Robjohns
    Stuart Buchanan