Snam — M&A Activity 2022

May 18, 2022

Informazione Regolamentata n. 0542-48-2022		Data/Ora Ricezione 18 Maggio 2022 08:16:16	Euronext Milan
Societa'	:	SNAM
Identificativo Informazione Regolamentata	:	162446
Nome utilizzatore	:	SNAMN05 - Palladino
Tipologia	:	2.2
Data/Ora Ricezione	:	18 Maggio 2022 08:16:16
Data/Ora Inizio Diffusione presunta	:	18 Maggio 2022 08:16:17
Oggetto	:	Snam and Golar LNG sign agreement for an FSRU to supply Sardinia with energy
Testo del comunicato

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PRESS RELEASE

Snam and Golar LNG sign agreement for an FSRU to supply Sardinia with energy

San Donato Milanese (Milan), Bermuda – May, 18th, 2022 – Snam and Golar LNG Limited ("Golar") signed a contract through which Golar will deliver the existing LNG Carrier "Golar Arctic" as a floating storage and regasification unit (FSRU) that Snam will install in the port area of Portovesme, in Sardinia, as part of a project to supply the island with energy.

The contract, for a total consideration of 269 million euros, includes the vessel and the capex for Golar to convert the Golar Arctic into an FSRU with storage capacity for up to 140,000 cubic meters. Further to the full conversion of the vessel, the FSRU will be sold to the Snam Group.

Start of activities for the conversion of the ship into an FSRU and related fulfillments are subject to Snam's issuance of a Notice-to-Proceed (NTP) and further to that the conversion is expected to take about two years for the Golar Arctic to be delivered.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended). 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," or the negative of these terms and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such 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 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

May 18th, 2022

Contact Snam Media Relations ufficio.stampa@snam.it +39 02 37037273

Golar LNG Limited stuart.buchanan@golar.com +44 207 063 7900