Golar LNG Energy Limited (Golar Energy) Announces Heads of  Agreement
to sell LNG  from the  Gladstone LNG Fisherman's  Landing project  to
Toyota Tsusho Corporation (a Toyota Group trading company).

Golar Energy is  pleased to announce  that it has  signed a Heads  of
Agreement with Toyota Tsusho Corporation of Japan (Toyota Tsusho) for
the sale of all of the  production from the first train of  Gladstone
LNG. The agreement covers the  delivery of approximately 1.5  million
tonnes per annum of LNG to Toyota  Tsusho over a 12 year period  from
2014 to 2026, with a separate  build up period commencing at the  end
of 2012, as well as the parties' intention to discuss Toyota Tsusho's
potential acquisition of a minority equity interest in the  Gladstone
LNG Fisherman's Landing project.

Golar Energy will provide the shipping necessary to transport the LNG
from Australia  to Toyota  Tsusho's nominated  receiving  facilities.
Delivery of the LNG  will utilise up to  two of Golar's existing  LNG
Carriers.

Oscar Spieler, Golar Energy's CEO commented that "We are delighted to
have reached  this  important milestone  in  the development  of  the
Gladstone LNG project. This agreement is a significant milestone  for
the project and we  are very proud to  have reached agreement with  a
corporation of  the standing  of Toyota  Tsusho. We  look forward  to
building a strong  and mutually beneficial  relationship with  Toyota
Tsusho over the life of the project.

This announcement is further evidence of the leading position of  the
Gladstone LNG Fisherman's Landing  project in the rapidly  developing
LNG from Coal Seam Gas sector.  The signing of the HOA  significantly
advances Golar  Energy's  strategy  of  building  a  "midstream"  LNG
position for  the company  which  covers liquefaction,  shipping  and
regasification. The  Gladstone  LNG  project  has  the  potential  to
materially enhance the earning capacity and profile of Golar Energy."

In February 2009 an HOA with the Australian listed company  Liquefied
Natural Gas Ltd (LNG Ltd)  was signed covering the joint  development
of the Gladstone LNG project to produce LNG from Coal Seam Gas  (CSG)
in Gladstone, Australia.

The  project  company  Gladstone  LNG  Pty  Ltd  (Gladstone  LNG)  is
intending to develop  a mid-scale  (1.5 million tonne  per annum  per
train)  liquefied  natural  gas  plant  in  the  Port  of  Gladstone,
Australia. The plant  will purify  and liquefy CSG  sourced from  the
Arrow Energy Ltd  gas fields,  located in  Central Queensland,  north
east Australia. Golar Energy and LNG Ltd have agreed to each take  an
equity position of 40% in the GLNG joint venture. Arrow Energy has an
option to  take the  final 20%  equity in  the project.  The  current
estimated development cost for the LNG facility is approximately  USD
500 million. The  CSG will be  delivered by Arrow  Energy to the  LNG
plant boundary at Gladstone. Once the  CSG has been processed at  the
LNG plant, it will be loaded onto Golar Energy owned LNG Carriers for
export markets. First production is currently scheduled for 2012. The
project also offers attractive expansion opportunities.

Under the terms  of the  HOA signed with  LNG Ltd,  Golar Energy  has
agreed to purchase the full LNG output from the first LNG train on an
FOB basis.

Golar LNG Energy Limited
September 17, 2009
Hamilton, Bermuda.

Questions should be directed to:

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


This announcement was originally distributed by Hugin. The issuer is 
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