LONDON--(Marketwire - Nov 29, 2012) - Golar LNG Limited ("Golar" or the "Company") is
pleased to announce today that
it has entered into a five year time charter with an integrated energy
major for
one of its modern LNG carriers, the Golar Maria. The vessel was
delivered to
the Charterer with effect from November 28 and will remain on charter
through
the end of 2017. The time charter will generate approximately $24
million of
annualized EBITDA.
As this is a charter of five years in length the vessel will be offered to
Golar
LNG Partners L.P. ("Golar Partners") to acquire. This will provide
Golar
Partners the potential opportunity for another accretive acquisition
and the
possibility of further increasing its distributions, which is of
significant
benefit to Golar given its 54% ownership position in Golar Partners
and its
incentive distribution rights.
The rate achieved for this five year term (which encompasses the period
when all
committed vessel orders will be delivered fleet-wide) lends
support to
favourable rates for Golar's tri-fuel diesel electric newbuilds as the
inherent
operating efficiencies get built in as premium to existing modern steam
vessel
(such as Golar Maria) charter rates. This saving could be anywhere between
$20-
40,000 per day depending on fuel costs.
Hamilton, Bermuda
November 29, 2012
This information is subject of the disclosure requirements acc. to §5-
12 vphl
(Norwegian Securities Trading Act)
Press release PDF: http://hugin.info/133076/R/1661575/538335.pdf
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Source: Golar LNG via Thomson Reuters ONE
[HUG#1661575]