FLNG Gimi Received First Gas From the GTA Field

21 Jan 2025 13:50 CET

Golar LNG Limited ("Golar") is pleased to announce that on January 18, 2025,
FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue
Ahmeyim ("GTA") project offshore Mauritania and Senegal. Full commissioning of
the FLNG has now commenced. Prior to achieving this key milestone, gas from the
LNG carrier British Sponsor was being used to undertake advanced commissioning
work. Receipt of gas from the FPSO allows the full commissioning activity to
ramp up. The first LNG export cargo is now expected within Q1 2025, and full
Commercial Operations Date ("COD") is expected within Q2 2025, subject to all
conditions being met.

First gas to the FLNG will result in the final upward adjustment to the
Commissioning Rate under the commercial reset agreed in August 2024. COD will
trigger 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) and
recognition of contractual payments comprised of capital and operating elements
in both the balance sheet and income statement.

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
January 21, 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

More information:
Access the news on Oslo Bors NewsWeb site