Golar LNG Ltd.

Earnings Release • Jan 17, 2011

Golar LNG Energy - New Time Charter Contracts

Golar LNG Energy Limited ("Golar Energy" or the "Company") is pleased to

announce that it has entered into agreements to time charter its 4 modern LNG

carriers (Golar Grand, Golar Viking, Golar Arctic and Golar Maria) for periods

of between 12 and 18 months to various charterers. Total charter coverage

amounts to 57 months.  The commencement of the different fixtures ranges from

February to April 2011.

The combined annualized EBITDA contribution of all 4 vessels derived from these

time charters is approximately $80 million based on assumed levels of operating

costs.  This represents attractive rates above the current spot market rate for

LNG carriers.

The spot market for LNG vessels over the last decade has been highly volatile

resulting in difficulties maintaining reasonable utilization rates. Total

operating costs for LNG carriers while not on-hire are significantly higher than

in other shipping markets; due to high fuel consumption during idling, cool down

requirements and repositioning costs. This fact, along with current attractive

charter rates, is a contributing factor with regards to the decision to fix out

the vessels for the near term.

Golar Energy's CEO, Oscar Spieler said in a comment: "The LNG shipping market

has recently tightened and these four time charters, together with the recent

success on the Nusantara Regas Project in West Java, puts the Company in a

strong position for further growth. The charter coverage will strengthen the

Company's liquidity position and create liquidity for developing additional FSRU

projects without raising additional equity.  We believe that the market will

strengthen further in the years to come due to a relatively small newbuilding

order book, strong increases in LNG production, and changing trading patterns."

January 17, 2011

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)

[HUG#1480076]