Golar LNG Energy Limited - New Venture

The Board of Golar LNG Energy Limited ("Golar" or the "Company") is pleased to
announce that the Company, in line with its stated strategy, is establishing a
new subsidiary which will position Golar in the market for managing and trading
LNG cargoes.  Activities will include structured services to outside customers
(such as risk management services), arbitrage activities as well as proprietary
trading.

In order to manage this business, Golar has recruited a group of 5 individuals
with extensive experience in LNG and commodities trading.  The group, led by
Blake Herndon, 49 years, has successfully developed and managed similar
businesses within Citigroup, Williams and Koch Industries. It is expected that
additional people will be recruited to the new subsidiary as its business plan
is implemented.

Golar's Chairman, Tor Olav Troim, says in a comment; "The large increase in LNG
production combined with the extensive construction of import terminals around
the world provides the basis for a more logistical approach to the LNG market.
This trend is further enhanced by low shipping rates, the seasonality of the
market and the global price differentials between the Asian, European and
American gas markets. Golar's intention with this new venture is to work
together with the large LNG producers in order to help them maximise the value
of their production while, at the same time, providing more flexibility to
existing and new buyers of LNG".

The transaction confirms the Board's commitment to develop Golar with three
distinct business areas, (i) traditional LNG shipping, (ii) LNG infrastructure
projects which will include floating liquefaction and re-gasification terminals,
and (iii) management services to third parties combined with proprietary trading
of LNG.
The new venture allows the Company to develop itself into an integrated provider
of LNG and related services to its customers combining LNG cargoes, LNG shipping
services and floating re-gasification terminals.

Blake Herndon says in a comment; "We are extremely pleased to have made a deal
with Golar. Golar's strong foothold and long history in the LNG shipping market
combined with the Company's creative mindset in developing new technology will,
together with the experience and relationships we bring, create a very strong
franchise. The rapid developments in the trading pattern for LNG provides an
interesting opportunity for the new venture. The ongoing separation of oil and
gas prices further enhances this as it provides the opportunity to reduce the
feed cost of our customers by substituting oil products with flexible delivery
of LNG".

Golar will make a significant equity investment in its new subsidiary, which
will be drawn from the Company's cash reserves.  The subsidiary will be further
supported by credit lines from commercial banks. It is expected that the
business area will be fully operational from September and the Board expects the
business to be profitable from the first full year of operation.



May 19, 2010
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


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