Golar LNG
oslo : GOL

July 19, 2012 12:02 ET

Golar LNG: Completion of Sale of Nusantara Regas Satu

LONDON and OSLO, NORWAY--(Marketwire - Jul 19, 2012) - Golar LNG Limited ("Golar" or the "Company") announced today that it has completed its sale of interests in the companies that own and operate the floating storage and regasification unit ("FSRU") Nusantara Regas Satu to Golar LNG Partners L.P. ("Golar LNG Partners" or "the Partnership") for a price of $385 million.

The Company has agreed to provide Golar LNG Partners with $155 million in vendor financing with the balance of $230 million to be received in cash. It is anticipated that the Partnership will secure bank financing and use the proceeds from this to repay the Company's vendor financing during the third quarter.

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 Company's expectation that its $155 million loan to Golar LNG Partners will be repaid. 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 Company's filings with the Securities and Exchange Commission pursuant to the Securities Act and the Exchange Act. The Company disclaims, and does not undertake, any obligation to update or revise the forward-looking statement in this press release.

Hamilton, Bermuda

July 19, 2012

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson 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 [HUG#1628123]

Contact Information

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