SOURCE: Golar LNG

March 30, 2011 12:39 ET

GOLAR LNG LIMITED - Golar LNG Partners LP Files for Initial Public Offering

HAMILTON, BERMUDA--(Marketwire - March 30, 2011) -

Golar LNG Limited ("Golar" or the "Company") announced today that its wholly-owned subsidiary, Golar LNG Partners LP, a Marshall Islands limited partnership (the "Partnership"), has filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for an initial public offering (the "Offering") of the Partnership's common units. The Offering currently is scheduled to include the sale by Golar of 12,000,000 common units, representing a 30.1% limited partner interest in the Partnership, and to increase to 13,800,000 common units if the underwriters exercise in full their over-allotment option. The common units have been approved for listing on The Nasdaq Global Market, subject to official notice of issuance, under the symbol "GMLP".

The Partnership will focus on providing floating storage regasification ("FSRU") and liquefied natural gas ("LNG") transportation services under long-term contracts. The Partnership's initial fleet will consist of two FSRU vessels and two LNG carriers.

Immediately following the closing of the offering, Golar will own the Partnership's general partner and an approximate 67.9% limited partner interest in the Partnership.

Citi, BofA Merrill Lynch and Morgan Stanley will act as the joint bookrunning managers of the offering. Citi and Evercore Partners served as co- structuring agents on behalf of Golar in connection with the Offering.

This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of Citi, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58(th) Street, 8(th) Floor, Brooklyn, NY 11220, Email: BATProspectusdept@citi.com, Telephone: 800-831- 9146; BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080, Email: dg.prospectus_requests@baml.com; and Morgan Stanley, Attention: Prospectus Dept., 180 Varick Street, 2(nd) Floor, New York, NY 10014, Email: prospectus@morganstanley.com, Telephone: 866-718-1649.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities issuable pursuant to the registration statement, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The statements in this press release that are not historical facts may be forward-looking statements. Such forward looking statements, based upon the current beliefs and expectations of Golar's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The information set forth herein should be read in light of such risks. Golar does not assume any obligation to update the information contained in this press release.


Golar LNG Limited March 30, 2011 Hamilton, Bermuda


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






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Source: Golar LNG via Thomson Reuters ONE

[HUG#1501860]

Contact Information

  • Contact
    Questions should be directed to:

    Golar LNG Management Ltd
    +44 207 063 7900
    Brian Tienzo:
    Group Financial Controller
    Graham Robjohns:
    Chief Executive Officer