GOLAR LNG AND BLUEWATER OFFSHORE ANNOUNCE OFFSHORE FSRU PROJECT BID COOPERATION AND VESSEL PURCHASE

LONDON–(EMWNews – July 15, 2008) –

Golar LNG (“Golar”) is pleased to announce that it has agreed to

partner with Bluewater Energy Services B.V (“Bluewater”) for the

purposes of bidding for an offshore LNG FSRU opportunity with South

Africa’s national oil company, PetroSA. Golar and Bluewater will be

equal partners in a joint venture formed specifically for this

opportunity. Additionally, and in conjunction with this bid, Golar

and Bluewater have agreed to acquire the 1977 built Moss type 126,000

m3 LNG Carrier, Hoegh Gandria. The vessel is intended to be used as

the converted offshore FSRU.

The Bluewater group of companies has built a technological lead

specializing in lease and operation of tanker-based Production and

Storage (FPSO/FSO) systems, and has become a leading provider of

advanced Single Point Mooring (SPM) systems. Bluewater operates

worldwide with offices in The Netherlands, United Kingdom, United

States, South Africa, Nigeria, Angola, Malaysia, Russia and China.

Bluewater are providing their propriety LNG tandem loading system

which forms an important part of the offer to PetroSA.

Golar LNG is a leading independent owner and operator of LNG ships,

providing both traditional LNG transportation services and more

recently LNG mid-stream solutions including LNG floating storage and

regasification units (FSRU). Golar Management UK Ltd CEO, Gary Smith

commented that “the acquisition of the Gandria in partnership with

Bluewater and joint bidding for the technically challenging

opportunity in South Africa demonstrates Golar’s firm commitment to

continue growing its mid stream business, its ability to partner with

leading industry participants in order to deliver the best available

technical solutions and its commitment to enhance shareholder value

by being a first mover in this expanding area of business.”

Golar LNG Limited

Hamilton, Bermuda.

July 14, 2008.



Questions:

Gary Smith

Graham Robjohns

Golar Management (UK) Ltd

+44 (0) 207 517 8600

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