Golar LNG Ltd.

Regulatory Filings • Oct 23, 2025

Satisfaction of Conditions Precedent for 20-year charter of MK II FLNG to Southern Energy in Argentina, confirming $8 billion EBITDA backlog before commodity exposure and inflationary adjustments

Satisfaction of Conditions Precedent for 20-year charter of MK II FLNG to Southern Energy in Argentina, confirming $8 billion EBITDA backlog before commodity exposure and inflationary adjustments

Hamilton, Bermuda - October 23, 2025- Golar LNG Limited (Nasdaq: "GLNG" or

"Golar") is pleased to announce today that all conditions precedent and

customary closing conditions in connection with the 20-year charter of Golar's

3.5MTPA MKII FLNG to Southern Energy S.A. ("SESA") in Argentina have been

satisfied. This milestone follows the execution of definitive agreements

announced on May 2(nd), 2025, and the Final Investment Decision announced on

August 6(th), 2025.

The 20-year charter of the MKII FLNG solidifies $8 billion of net earnings

backlog over 20 years, equivalent to $400 million in annual EBITDA to Golar,

before commodity exposure and inflationary adjustments. In addition, the charter

agreement includes attractive commodity exposure both in the FLNG commodity

tariff component and through Golar's 10% shareholding in SESA. The MKII FLNG

will be deployed in the Gulf of San Matías, offshore Argentina, where it will

operate in proximity to the FLNG Hilli.

The MKII FLNG, with a nameplate capacity of 3.5 MTPA, is currently undergoing

conversion at CIMC Raffles Shipyard in Yantai, China. The unit is on schedule

for delivery by year end 2027, with operations expected to commence in 2028. The

total conversion budget is approximately $2.2 billion of which $1.0 billion has

been spent to date, all capital expenditures funded through equity.

The project has received all key governmental approvals, including an

unrestricted 30-year LNG export authorization in Argentina, and qualification as

Strategic Investment under the Large Investments Incentive Regime ("RIGI").

Golar's CEO, Karl Fredrik Staubo commented: "Following today's confirmation of

the 20-year charter for the MKII FLNG in Argentina, each of Golar's three

existing FLNGs now holds 20 years of earnings visibility, representing a

combined EBITDA backlog of $17 billion before attractive commodity exposure. We

look forward to starting operations in Argentina and to continue the strong

partnership with SESA and its shareholders.

Now that our existing fleet is fully contracted for the next 20+ years, we will

increase our focus on new FLNG growth opportunities. Golar's position as the

only proven provider of FLNG as a service enables us to drive value for all

stakeholders through attractive gas monetization solutions."

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.

Investor Questions: +44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act