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2015-08-18

Golar LNG: Dynagas Ltd., GasLog Ltd. and Golar LNG Ltd. have entered into an agreement to establish and operate an LNG Carrier Pool

Monaco - August 18, 2015
- Dynagas Ltd. ("Dynagas"), GasLog Ltd. ("GasLog", NYSE: GLOG) and Golar LNG
Ltd ("Golar", NASDAQ: GLNG) today jointly announce that they have entered
into an LNG carrier pooling agreement (the "LNG Carrier Pool") to market
their vessels, which are currently operating in the LNG shipping spot market.

The LNG Carrier Pool allows the participating owners to optimise the operation
of the pool vessels through improved scheduling ability, cost efficiencies
and common marketing. The objective of the LNG Carrier Pool is to serve the
transportation requirements of a rapidly growing LNG shipping market by
providing customers with reliable, more flexible, and innovative solutions to
meet their increasingly complex shipping requirements.

The LNG Carrier Pool - to be named "The Cool Pool" - will initially consist of
14 modern, high quality and essentially equivalent vessels powered by fuel
efficient Tri Fuel Diesel Electric ("TFDE") propulsion technology. The three
owners' initial vessels eligible for contribution to The Cool Pool will be as
follows: Dynagas: 3 vessels; Gaslog: 3 vessels; and Golar: 8 vessels. Each
vessel owner will continue to be fully responsible for the manning and
technical management of their respective vessels.

Tony Lauritzen has agreed to take overall responsibility for the running of
The Cool Pool and Morten Nielsen has been appointed as Pool Manager, with the
mandate to schedule employment for each pool vessel. The Cool Pool will focus
exclusively on charters of 12 months duration or less. The scheduling of
employment opportunities in excess of 12 months will remain the mandate of
the respective vessel owner. If a pool vessel is scheduled by an owner for a
charter that exceeds 12 months in duration such vessel will cease to form
part of the LNG Carrier Pool's fleet.

All three owners have expressed enthusiasm for the benefits the pool is
anticipated to deliver to charterers and participants alike. The LNG Carrier
Pool provides the opportunity to deliver benefits, including COAs and other
contract forms not previously executed in LNG shipping. Importantly all three
vessel owners are experienced LNG Carrier operators with substantial track
records offering potential charterers the best available level of safe and
reliable ship management.

It is anticipated that The Cool Pool will commence operation in September
2015.

About Dynagas Ltd.

Dynagas Ltd is an operating, trading and ship-management company established
in 2004 performing commercial management and ship management services for
Dynagas Holding Ltd and Dynagas LNG Partners LP (NYSE: DLNG). Dynagas Ltd's
website is http://www.dynagas.com.

About GasLog Ltd.

GasLog is an international owner, operator and manager of LNG carriers.
GasLog's fully-owned fleet includes 19 LNG carriers (including 11 ships in
operation and 8 LNG carriers on order) and GasLog has four LNG carriers
operating under its technical management for third parties. GasLog Partners
LP, a master limited partnership formed by GasLog, owns a further eight LNG
carriers. GasLog's principal executive offices are at Gildo Pastor Center, 7
Rue du Gabian, MC 98000, Monaco. GasLog's website ishttp://www.gaslogltd.com.

About Golar LNG Ltd.

Golar is one of the world's largest independent owners and operators of LNG
carriers with over 40 years of LNG industry experience. Golar LNG together
with Golar Partners own and manage a fleet of 26 LNG Carriers and FSRUs.
Golar's innovation delivered the world's first Floating Storage and
Regasification Units (FSRU) based on the conversion of existing LNG carriers.
Golar's latest strategic move is to extend its business model further
upstream by deploying its floating liquefaction technology (GoFLNG). The
objective is to become the industry's leading integrated midstream LNG
services provider, supporting resource owners, gas producers and gas
consumers.

Contacts:

Dynagas Ltd.

Tony Lauritzen

Phone: +33 640 619 925

lngcoordination@dynagas.com

GasLog Ltd.

Jamie Buckland

Head of Investor Relations

Phone: +44-203-388-3116

Email: ir@gaslogltd.com

Golar LNG Ltd.

Brian Tienzo

Stuart Buchanan

Phone: +44-207-063-7911

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG via Globenewswire

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