Golar LNG Limited - Delivery of Golar Freeze

Hamilton, Bermuda
26-05-2010

Golar LNG Limited ("Golar") is pleased to announce that the Golar Freeze FSRU has been delivered under its time charter to Dubai Supply Authority ("DUSUP") on May 16, 2010.

Golar LNG Management CEO Graham Robjohns said in a comment; "This is a major project milestone and a significant achievement. We are also delighted to have successfully delivered the world's third FSRU conversion from an existing LNG carrier, the first two of course also having been delivered by Golar. We would also like to pay tribute to DUSUP and Shell, as DUSUP's technical adviser; our excellent working relationship with them both and their dedication and commitment have been a key ingredient to the success of the project thus far".

Highlighting the platform for growth that Golar's three successful FSRU projects provide for the future, Golar Energy Management CEO Oscar Spieler said; "The delivery of this project to the satisfaction of DUSUP and Shell together with Golar's previous two FSRU projects successfully delivered and operating with Petrobras is a clear demonstration of our ability to deliver projects which meet our customer's expectations. We believe that this provides us with an excellent platform from which to further grow this part of our business".

Abdulla Abdul Karim, General Manager of DUSUP commented that "The successful conversion of the Golar Freeze into an FSRU is an important milestone for DUSUP in our drive to ensure we continue to deliver clean natural gas to meet the growing energy needs of Dubai. We look forward to working closely together with Golar in this important project for Dubai as we move into the operations phase".

The final part of the project prior to the commencement of operations is the commissioning and testing of the vessel and this is expected to take place later this year.

Golar is currently engaged with a syndicate of banks documenting a refinancing facility for the Golar Freeze which is expected to be concluded during the first half of June.

Golar LNG Limited