LONDON and OSLO, NORWAY--(Marketwire - Jul 19, 2012) - Golar LNG Limited ("Golar" or
the "Company") announced today that it has
completed its sale of interests in the companies that own and
operate the
floating storage and regasification unit ("FSRU") Nusantara Regas Satu to
Golar
LNG Partners L.P. ("Golar LNG Partners" or "the Partnership") for a
price of
$385 million.
The Company has agreed to provide Golar LNG Partners with $155 million in
vendor
financing with the balance of $230 million to be received in cash.
It is
anticipated that the Partnership will secure bank financing and use the
proceeds
from this to repay the Company's vendor financing during the third quarter.
Forward-Looking Statement
This press release contains a forward-looking statement within the
meaning of
Section 27A of the Securities Act of 1933 (the "Securities Act") and
Section
21E of the Securities Exchange Act of 1934 (the "Exchange Act")
regarding the
Company's expectation that its $155 million loan to Golar LNG Partners
will be
repaid. This statement is based on management's current expectations or
beliefs
and is subject to risks and uncertainties that cannot be predicted or
quantified
and, consequently, actual results may differ materially from those
expressed or
implied by such forward-looking statement. Such risks and uncertainties
include,
without limitation, those risks and uncertainties identified in the
Company's
filings with the Securities and Exchange Commission pursuant to the
Securities
Act and the Exchange Act. The Company disclaims, and does not
undertake, any
obligation to update or revise the forward-looking statement in this
press
release.
Hamilton, Bermuda
July 19, 2012
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
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