LONDON, OSLO NORWAY--(Marketwire - Nov 1, 2012) - Golar LNG Limited ("Golar" or the"Company") announced today that it has enteredinto an agreement to sell the companies that own and operate the LNGCarrierGolar Grand, together with its time-charter, to Golar LNG Partners L.P.("GolarLNG Partners") for a price of USD265 million. The transaction is subjectto thesatisfaction of certain closing conditions.
The Company expects to reinvest a significant part of the net proceedsreceivedfrom the sale in its newbuilding program and other capital projects.This is the third vessel acquisition facilitated by Golar's corporatestructuresince Golar LNG Partners' IPO, once again proving the efficiencyof thestructure when it comes to the monetization of long term contractsthatsimultaneously grow Golar LNG Partners.
November 1 2012
This information is subject of the disclosure requirements acc. to S5-12vphl(Norwegian Securities Trading Act)
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Source: Golar LNG via Thomson Reuters ONE
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