Golar LNG Limited ("Golar" or the "Company") announced today that it has executed a time charter for one of its modern LNG carriers, the Golar Arctic, to a major Japanese trading company for a firm period of 3 years.

The charter is expected to commence in March 2012 following the end of the vessel's current charter. The annualised EBITDA contribution from the commencement of this new charter is expected to be approximately $45 million, which represents attractive returns for shareholders and is a positive indicator of the current market for LNG shipping. 

Golar's Chairman, John Fredriksen said in a comment "The limited availability of LNG shipping in the market is creating excellent chartering opportunities for our open vessel positions.  We anticipate that the market will remain strong for some time to come and therefore we are extremely optimistic about the on-going performance of the existing fleet and our investment in newbuild carriers.  Golar has multiple open positions extending from present out into 2014 which creates a solid basis for aggressive future growth of our Company."

Hamilton,
Bermuda
January 12, 2012

Investor enquiries:
Golar Management Limited - + 44 207 063 7900
Brian Tienzo
Stuart Buchanan

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#1577337

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