Golar LNG Partners LP: Nusantara Regas Satu Acquisition

Hamilton, Bermuda, July 9, 2012

Golar LNG Partners LP (NASDAQ: GMLP) (the "Partnership") announced today that it has entered into an agreement to acquire the ownership interests in the companies that own and operate the floating storage and regasification unit ("FSRU") the Nusantara Regas Satu (formerly known as Khannur) ("NR Satu") from Golar LNG Limited ("Golar LNG") for a purchase price of $385 million. The acquisition is subject to the satisfaction of certain closing conditions.

The NR Satu is the first FSRU conversion in the Far East and will commence its charter with PT Nusantara Regas ("PTNR") upon its final acceptance by PTNR. The vessel is now fully operational, receiving charter hire and is undergoing its commissioning and final acceptance procedures. The charter has an initial term that expires on December 31, 2022. PTNR has the right to extend the charter term for up to an additional three years.

The Partnership estimates that the acquisition will generate approximate annual net cash from operations, before the deduction of interest cost, between $42 million and $44 million. The Board of Directors of the Partnership (the "Board") and the Conflicts Committee of the Board (the "Conflicts Committee") have approved the purchase price. The Conflicts Committee retained a financial advisor, DNB Markets, to assist with its evaluation of the acquisition.

The Board is pleased that the Partnership has entered into this purchase agreement with respect to its second acquisition since the Partnership's initial public offering in April 2011. As with the Partnership's acquisition of the Golar Freeze, this acquisition is expected to be an accretive transaction and is consistent with the Partnership's growth strategy. The Board believes that the fundamental outlook for the LNG industry remains strong. The Partnership's parent, Golar LNG, is expected to reinvest the major part of the net proceeds received from the sale in new LNG carriers and FSRU's. The Board is therefore positive about the Partnership's future growth prospects.

Golar LNG Limited press release