Golar LNG Ltd.

Earnings Release • Nov 4, 2010

West Java FSRU Project Execution of Letter of Intent

Further to the Golar LNG Energy ("Golar Energy") announcement on October

12, 2012 that Golar Energy had been selected by PT Nusantara Regas, a joint

venture between Pertamina and PGN, as the successful bidder for the provision of

the West Java Floating Storage Regasification Terminal ("West Java FSRU

Project"), the Board of Golar Energy is pleased to now announce that the parties

have further agreed and executed today a Letter of Intent ("LOI").

The LOI anticipates entry into a long term time charter for the lease of a

floating storage and regasification unit ("FSRU") and associated mooring. The

duration of the contract is until the end of 2022 and further provides automatic

extension options to 2025, subject to certain contract terms. The terms of the

LOI enable Golar Energy to commence the engineering, design and procurement

process for the project.  The parties have now begun discussions on finalizing

the FSRU Time Charter Agreement.

The West Java FSRU Project contract value is approximately US $500 million. The

Golar group has already completed three FSRU conversions over the last three

years.  The FSRU for the West Java FSRU Project will be similar in design to the

latest of these three projects, the Golar Freeze, recently delivered to Dubai.

The West Java FSRU Project will be Indonesia's first LNG regasifcation terminal

and represents the first FSRU project in Asia. Golar Energy's FSRU technology

offers a reliable and cost effective solution to fast track the import and

regasification of LNG.

Golar Energy's CEO, Oscar Spieler said "We are very pleased with the LOI

execution as it signifies parties agreement to commence the procurement of long

lead items and execution of detailed engineering thereby commencing the FSRU

project execution phase for this critical national energy project.   We are very

appreciative of the confidence placed in us and support provided by Nusantara

Regas to move forward on our fourth FSRU project."

November 4, 2010

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

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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