Golar LNG
oslo : GOL

July 09, 2012 11:01 ET

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

LONDON--(Marketwire - Jul 9, 2012) - Golar LNG Limited ("Golar" or the "Company") announced today that it has entered into an agreement to sell the ownership interests in the companies that own and operate the floating storage and regasification unit ("FSRU") Nusantara Regas Satu ("NR Satu") (formerly Khannur) to Golar LNG Partners L.P. ("Golar LNG Partners") for a price of USD385 million. The transaction is subject to the satisfaction of certain closing conditions.

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

The Board believes that the transaction is a further testament to the strength and efficiency of the Golar group's corporate structure which allows monetisation of long term contracts whilst at the same time providing growth of Golar LNG Partners.

Hamilton, Bermuda
July 9 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#1625266]

Contact Information

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