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Golar LNG Energy - Sale of LNG Limited shares


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Copyright © Hugin AS 2009. All rights reserved.
2009-11-14 00:05:03 -


London, November , 14, 2009
Golar LNG Energy Limited  (Golar Energy) advises that  it has sold  a
block of 9.6 million LNG  Limited shares to institutional  investors.
Golar Energy's holding after this sale amounts to approximately  6.3%
of LNG Limited's issued share capital.

Oscar Spieler, CEO  of Golar Energy  Management, commented that:  "We
have taken this opportunity to rebalance our investment portfolio and
realise funds that will, in  due course, likely be invested  directly
in the Gladstone  LNG Fisherman's  Landing project.  We are  strongly
committed to the  Gladstone LNG Fisherman's  Landing project, we  are
pleased with the  progress of  the project, which  has achieved  some
important milestones  over the  last few  months and  we continue  to
invest directly in the project in terms of significant technical  and
commercial resources  including the  secondment of  personnel to  the
project. The  Gladstone LNG  Fisherman's Landing  project remains  an
important part of Golar Energy's strategy and portfolio."

The sale  will realise  funds  of approximately  USD 11  million  and
result in an accounting profit of approximately USD 8 million.

Golar LNG Energy Limited
November 13, 2009
Hamilton, Bermuda.

Questions should be directed to:

Golar Energy Management Ltd
Oscar Spieler: CEO - +65 6296 5518
Golar Management Ltd - +44 207 063 7900:
Graham Robjohns: Chief Financial Officer


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