Golar LNG Ltd.

Earnings Release • Jun 23, 2025

FLNG Gimi reaches Commercial Operations Date and Golar progresses FLNG growth

FLNG Gimi reaches Commercial Operations Date and Golar progresses FLNG growth

Golar LNG Limited ("Golar") is pleased to announce that FLNG Gimi has reached

the Commercial Operations Date ("COD") for its 20-year Lease and Operate

Agreement for the Greater Tortue Ahmeyim ("GTA") project offshore Mauritania and

Senegal. The COD triggers the start of the 20-year Lease and Operate Agreement

that unlocks the equivalent of around $3 billion of Adjusted EBITDA backlog

(Golar's share).

The COD milestone marks a major achievement for one of Africa's deepest offshore

developments which introduce Mauritania and Senegal as LNG exporters. We look

forward to continuing working together with the GTA operator bp and its partners

Kosmos, PETROSEN and SMH as well as Mauritanian and Senegalese authorities to

deliver safe and reliable operations and to create value to all stakeholders.

Following the achieved COD of FLNG Gimi and announcement of the two FLNG

charters in Argentina on May 2, 2025, Golar is accelerating work on its next

FLNG unit(s). We continue to advance commercial discussions, with charterer

demand guiding design choice of the fourth FLNG unit. In addition to the

3.5mtpa MKII option at CIMC Raffles shipyard, Golar has signed a final

engineering study to confirm EPC price and delivery for a 5mtpa MKIII FLNG and

is updating price and schedule for an up to 2.7mtpa MKI FLNG.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section

21E of the Securities Exchange Act of 1934, as amended) which reflect

management's current expectations, estimates and projections about its

operations. All statements, other than statements of historical facts, that

address activities and events that will, should, could or may occur in the

future are forward-looking statements. Words such as "may," "could," "should,"

"would," "expect," "plan," "anticipate," "intend," "forecast," "believe,"

"estimate," "predict," "propose," "potential," "continue," "subject to" or the

negative of these terms and similar expressions are intended to identify such

forward-looking statements.

These statements are not guarantees of future performance and are subject to

certain risks, uncertainties and other factors, some of which are beyond our

control and are difficult to predict. Therefore, actual outcomes and results may

differ materially from what is expressed or forecasted in such forward-looking

statements. You should not place undue reliance on these forward-looking

statements, which speak only as of the date of this press release. Golar LNG

Limited undertakes no obligation to update publicly any forward-looking

statements whether as a result of new information, future events or otherwise,

unless required by applicable law.

Hamilton, Bermuda

June 23, 2025

Investor Questions: +44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act