LONDON, OSLO NORWAY -- (Marketwire) -- 11/01/12 -- Golar LNG Limited ("Golar" or the
"Company") announced today that it has entered
into an agreement to sell the companies that own and operate the LNG
Golar Grand, together with its time-charter, to Golar LNG Partners L.P.
LNG Partners") for a price of USD265 million. The transaction is subject
satisfaction of certain closing conditions.
The Company expects to reinvest a significant part of the net proceeds
from the sale in its newbuilding program and other capital projects.
This is the third vessel acquisition facilitated by Golar's corporate
since Golar LNG Partners' IPO, once again proving the efficiency
structure when it comes to the monetization of long term contracts
simultaneously grow Golar LNG Partners.
November 1 2012
This information is subject of the disclosure requirements acc. to S5-12
(Norwegian Securities Trading Act)
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Source: Golar LNG via Thomson Reuters ONE
Golar Management Limited
+ 44 207 063 7900