Sale of Shareholding in Avenir LNG Limited

27 Jan 2025 22:31 CET

Golar LNG Limited ("Golar") has entered into a share purchase agreement for the
sale of all its shares in Avenir LNG Limited ("Avenir LNG" or "Avenir") to
Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD 40 million
(the "Transaction"). The Transaction is expected to be completed during the
first quarter of 2025, subject to fulfilment of the conditions under the share
purchase agreement.

Golar will remain a 25% shareholder and debt provider to Higas Srl, the HIGAS
LNG storage terminal in Sardinia, ("HIGAS") that was spun off from Avenir LNG in
October 2024. As of end October 2024, the book value of HIGAS was USD 40.5
million (on a 100% basis), of which $24.7m was shareholder loans and $15.8m
shareholders equity.

Golar CEO Karl-Fredrik Staubo commented: "The sale of Golar's shareholding in
Avenir LNG is in line with our strategy to focus on expanding our market leading
FLNG position. Golar is proud to have founded Avenir LNG into one of the largest
small-scale LNG shipping companies globally alongside our partners Stolt Nielsen
and Höegh. Following the sale of Hygo Energy Transition Ltd. in 2021, our Avenir
LNG investment was no longer deemed a core asset of Golar's portfolio. We wish
the Avenir LNG team and Stolt-Nielsen all the best for the future development of
Avenir."

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 27, 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