Golar LNG Ltd. (GLNG)

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Golar LNG - World's first FSRU goes into operation


LONDON -- (Marketwire) -- 01/30/09 -- Golar LNG is pleased to advise the successful start up of its first Floating Storage and Regasification Vessel (FSRU), the Golar Spirit.

The Golar Spirit is the world's first FSRU conversion project which was awarded to Golar by Petrobras in April 2007. The FSRU gives Petrobras the ability to receive LNG from standard LNG Carriers and provide natural gas ashore for domestic consumption.


The successfully completed commissioning and performance test runs form part of the delivery protocol for the vessel. The vessel will now be placed in FSRU service and will continue to operate at the direction of Petrobras. The commissioning tests performed involved running each of the 3 regasification trains in turn at different regasification capacities for an agreed period of time. Following the initial performance tests, DNV issued a Statement of Approval of the Regasification Plant and Interim Class Certificate confirming the REGAS-2 Class notation.


Gary Smith, Golar Management's CEO, commented that "it was particularly pleasing to see the FSRU delivered into service following a short, flawless start up and commissioning period. The execution and delivery of this project is testimony to the technical capability and experience of Golar's staff and its technical partners to deliver new and innovative solutions to the LNG industry. The successful execution of the Golar Spirit FSRU project and the demonstrated success of the technology positions Golar to develop additional business opportunities in the LNG mid stream at a time when new markets for LNG are to opening up. Additionally, the delivery of this project and Golar's following FSRU projects will further strength the Company's earnings in these challenging times."


Golar LNG Limited
Hamilton, Bermuda.January 30, 2009.



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Questions:

Gary Smith - CEO

Graham Robjohns - CFO

Golar Management Ltd

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