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2016-11-14

Golar LNG: Golar Power enters into long term SPA with Qatar Petroleum Affiliate Ocean LNG Limited

DOHA, Qatar · 14 November 2016-
Golar Power reached a new milestone in the Sergipe Project with the signing of
a long-term LNG sale and purchase agreement (SPA) between QP's affiliate,
Ocean LNG Limited, and Brazil based CELSE-Centrais Elétricas de Sergipe S.A.
("CELSE"), a joint venture between Golar Power and Ebrasil.

Under the terms of the agreement, Ocean LNG, which was established for the
purpose of marketing QP's international LNG supply portfolio sourced outside
of the State of Qatar, will supply 1.3 million tons per annum of LNG to
CELSE, on an Ex-Ship basis. The shipments, which will begin in 2020 will be
for use at CELSE's Porto de Sergipe power project near Aracaju, in the
Brazilian state of Sergipe.

Golar Power CEO, Mr. Eduardo Antonello, "This is an important milestone in the
development of the Porto de Sergipe power plant. Golar Power is proud to
partner with LNG industry pioneers Qatar Petroleum and ExxonMobil and their
newly formed Ocean LNG joint venture as its long-term fuel supplier."

Ocean LNG Limited is a joint venture company owned by a QP affiliate (70%) and
an ExxonMobil affiliate (30%), and has established a branch office in the
Qatar Financial Centre (QFC) in Doha to manage and undertake its activities.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements concerning
future events and Golar's operations, performance and financial condition.
Forward-looking statements include, without limitation, any statement that
may predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe", "anticipate", "expect",
"estimate", "project", "will be", "will continue", "will likely result",
"plan", "intend" or words or phrases of similar meanings. These statements
involve known and unknown risks and are based upon a number of assumptions
and estimates that are inherently subject to significant uncertainties and
contingencies, many of which are beyond Golar's control. Actual results may
differ materially from those expressed or implied by such forward-looking
statements. Important factors that could cause actual results to differ
materially include, but are not limited to, those factors listed from time to
time in the reports and other documents Golar files with the United States
Securities and Exchange Commission.

New factors emerge from time to time, and it is not possible for Golar to
predict all of these factors. Further, Golar cannot assess the impact of each
such factor on its business or the extent to which any factor, or combination
of factors, may cause actual results to be materially different from those
contained in any forward-looking statement. Golar does not intend to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in Golar's expectations with respect thereto or
any change in events, conditions or circumstances on which any such statement
is based.

Hamilton, Bermuda

November 14, 2016

Enquiries:

Golar Management Limited: + 44 207 063 7900

Brian Tienzo

Stuart Buchanan

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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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