INTERIM RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2010

Highlights

   · Golar LNG Energy reports consolidated net loss of $12.7 million
   · Golar LNG Energy selected as successful bidder for West FSRU project and
signed LOI with charterer PT Nusantara Regas
   · Further tightening and improvement of spot and short-term LNG shipping
market during the quarter with positive outlook
   · Golar Commodities operational and executed 2 physical cargo trades;
operated at a net cost for the quarter but outlook positive
   · FSRU project activity firming in multiple locations

Financial Review

Golar LNG Energy Limited ("Golar Energy" or the "Company") reports a net loss of
$12.7 million and operating loss before depreciation and amortisation of $0.7
million for the three months ended September 30, 2010 (the "third quarter").

Revenues in the third quarter at $19.1 million were increased from $14.5 million
for the second quarter of 2010 (the "second quarter"). Operating revenue has
benefited from a significantly improved performance from the Company's spot
vessels. In addition operating revenue for Khannur was higher than in the second
quarter as the vessels charter was terminated in the third quarter with all
outstanding charter hire due under the contract paid in the third quarter.
Overall utilisation for the third quarter was up at 71% as compared to 42% for
the second quarter and third quarter average daily time charter equivalents
("TCEs") were up at $27,036 as compared to a second quarter TCE of $12,615.

Voyage expenses and operating expenses were lower than the second quarter by a
combined $0.4 million whilst administrative expenses were higher by $4.1
million. The increase in administrative costs was attributable to set up and
recruitment costs associated with Golar Commodities Limited, ("Golar
Commodities") the Company's newly established LNG trading subsidiary, in
addition to ongoing running costs.

Other operating expense of $3.4 million represents net mark-to-market losses on
physical cargo trades and financial derivative contracts transacted in third
quarter by Golar Commodities.

Net interest expense for the third quarter at $2.8 million was slightly down
from $2.7 million in the second quarter. Other financial items primarily relate
to the interest cost associated with ineffective interest rate swaps[1].

The net gain on sale of investee of $0.4 million represents the sale of 1.4
million LNG Limited shares for a total consideration of $0.8 million.
Cash and cash equivalents decreased by $47.3 million during the quarter. The
Company used cash from operating activities of $37.5 million. Included in this
is a cash payment of approximately $36 million to secure obligations in
connection with Golar Commodities initial LNG cargo trades, subsequent to the
quarter end these amounts have been refinanced by the new trade finance facility
or repaid. The Company generated $2.2 million in investing activities and used
$12.1 million on financing activities during the quarter. Financing activities
payments includes repayment of debt of $11.6 million.

Financing, corporate and other matters

The board of Golar Energy approved the grant of 1,993,333 share options to its
directors and employees under the terms of the Company's existing share options
plan. The options have a strike price set at $1.54 (NOK 9.50) per share and will
be adjusted for dividends. The options have a five year term and will vest
equally one quarter each year over a four year vesting period with the first
quarter vesting on September 9, 2011. Subsequent to the quarter end Golar Energy
issued a further 165,000 options on similar terms with a strike price of $2.00.
The options are designed as an incentive to promote long-term employment with
the Company.

Golar Commodities has entered into a $150 million LNG trading facility on an
uncommitted basis. The facility will provide finance for the provision of
working capital requirements including the provision of letters of credit in
respect of the purchase and sale of LNG cargoes.

The Company announced during the third quarter its intention to buy back up to a
maximum of 5,000,000 of its own shares. To date the Company has acquired a total
483,627 of its own shares.

At the time of the company's initial public offering ("IPO") one warrant to
subscribe for one share was issued for every fifth share subscribed for in the
IPO. The warrants are exercisable on December 15, 2010 at a price of $2 per
share. Information in respect of exercising warrants will be sent to warrant
holders in due course.

ncluden exercise price of $2.00 and which expire in December 2010 as noted
aboveThe current total number of shares outstanding as of November 24, 2010 is
228.3 million, inclusive of treasury shares noted above. In addition there are
12 million warrants with an exercise price of $2.00 and which expire in December
2010 as noted above.

Subsequent to the quarter end Golar Energy sold its remaining 7.1 million LNG
Limited shares for approximately $4.2 million which will give rise to a gain in
the fourth quarter of approximately $1.2 million.

The transfer of vessel management of all the Company's vessels, including Golar
LNG Energy's vessels to Golar Wilhelmsen Ship Management was successfully
completed shortly after the quarter end.

Operational Review

Shipping

A marked contrast to previous quarters was evident in the shipping market during
the third quarter with a gradual tightening of vessel availability over the
quarter and reaching a critical level by the end of the quarter. However
utilisation was still disappointing in the first half of the quarter for Golar
Energy's vessels, including those on charter to Shell where results have been
disappointing. Whilst rising over the quarter rates were still not satisfactory
during the quarter.

The improvement in the market has continued into the fourth quarter and does not
appear to show signs of easing in the near future. Vessel requirements as far
ahead as the second quarter of 2011 are now being looked at and there has also
been a trend towards longer vessel fixings than was the case earlier in 2010.
Currently all Golar Energy spot vessels are employed and are expected to have a
substantial improvement in their utilisation rates during the fourth quarter.
The short term shipping market is now "challenging" for those in need of tonnage
for loading during the remainder of the year. Some buyers have been successful
in securing tonnage, however others have had their cargo trading frustrated due
to the absence of suitable open vessels. It is clear that many players have
decided to keep enough length within their fleet to be in a position to
accommodate the cargo opportunities that do arise. As a consequence the absence
of firm open positions has hampered those who do not control tonnage from
participating in FOB tenders.

As noted above, the period that charterers are fixing vessels has also trended
towards longer periods rather than the situation that existed in the first and
second quarters where traders would have looked at a cargo by cargo shipping
strategy. Such a strategy is no longer possible and active traders are now
taking longer and more speculative positions - which is good news for ship
owners.

At quarter end the Global fleet stood at 360 vessels, (including regas and lay-
up vessels) with a further 26 vessels on order.

Regasification

The Company announced in October 2010 the award of the West Java FSRU tender.
Whilst an exciting development for Golar Energy, the Company believes it is also
positive for the floating storage and regasification industry. Sponsored by
Indonesia's well known and respected national energy companies, Pertamina and PT
Perusahaan Gas Negara (Persero) Tbk, "PGN", this project represents yet another
example of credible industry players turning to FSRU technology to deliver low
cost and fast track LNG import projects.

Specific to the West Java project, the FSRU is being utilized to address an
urgent fuel requirement by Indonesia's national power company, PT PLN (Persero)
("PLN") to fuel some of its power plants which in turn distribute electricity to
the grid servicing Indonesia's largest island, Java and the city of Jakarta.
Interestingly, the project represents Indonesia's first LNG regasifcation
terminal and the first FSRU project in Asia outside of the Middle East.

The West Java FSRU project represents the Golar Group's fourth FSRU project but
first offshore FSRU which will include the provision of mooring facilities. The
contract duration is for a firm period of approximately 11 years and with a
total contract value of approximately $500 million. Additionally Golar Energy
has automatic extension options for an additional three years, subject to
contract terms. A Letter of Intent ("LOI") was recently signed with Nusantara
Regas to undertake the financial commitments associated with order of long lead
items and detailed engineering, accomplishing an important project milestone.
Parties have now commenced discussions on the FSRU Time Charter Party.

The Company continues to see excellent prospects globally for new floating
storage and regasification projects and expects more projects to be concluded
during the coming years.

Golar Commodities

Golar Commodities initiated operations in the third quarter and executed its
first spot cargo transactions.   The company was active in the spot markets as
evidenced by its participation in the export of a cargo from the US and a cargo
sale into Far Eastern markets. Although an undesirable, and unintended, short
shipping position contributed to a loss on a cargo, transactions will normally
be designed with a high degree of flexibility, including shipping flexibility,
to reduce operational risks. With this intended flexibility Golar Commodities
expects to be able to operate from a position of operational strength in the
future in a tight shipping market.

Whilst as noted it is disappointing that above Golar Commodities recognized a
trading loss in the third quarter this position is expected to be recovered
during its first full year of trading.

The Golar Commodity team has been well received in the market by counterparts.
The Company is hopeful that the combination of shipping and LNG trading
activities will be more valuable to customers as the shipping market tightens.

Notable accomplishments in the 3rd quarter, besides executing the initial
trades, include initiation of a $150mm trade finance facility, continued
staffing to support operations, development of risk management systems and
trading tool implementation and progress toward initiating certain term
commercial transactions with customers.

Golar Commodities provides physical and financial risk management in LNG and gas
markets for its customers around the world. The firm strives to provide risk
management expertise to help customers improve profitability. This is
accomplished through optimization of customers' assets and operations and by
fostering more efficient capital allocation through application of world-class
risk-management tools.
Market

General
New LNG supply is expected to grow by more than 25 million tonnes this year,
corrected for late start-ups and capacity reductions at existing facilities.
Whilst there is a current oversupply of LNG, caused mainly by recession-hit
demand and an increased unconventional supplies, new demand centres are emerging
in Asia, led by China and in new markets such as South America and the Middle
East.

Asia
Japanese demand continued its strong comeback in the third quarter as the
country's manufacturing sector sustained its recovery and a strong demand from
the power sector to supply air conditioning load due to hotter than usual July
and August temperatures. Early predictions expect a colder winter driven by the
"La Nina" effect. Asian demand grew by approximately 17% year on year in the
first 8 months of 2010 with Japan and Korea up 10% and 28% respectively.

Europe
European gas prices have been volatile over the summer driven by the usual field
maintenance programmes and the wide gap between the low priced US market and the
stronger oil linked price still prevalent in other regions. Iberian consumption
remained depressed compared with 2009 due to low power demand and considerable
quantities of alternative supplies. The recovery of underlying European gas
demand is slow, uneven and partly driven by weather.

US
With LNG supply set for further growth in 2011 and pipeline gas pricing issues
possibly displacing some Qatari LNG volumes in Europe there is speculation that
LNG may be pushed into an already swollen US gas market. But with gas
inventories already high and adding to downward price pressure, additional LNG
entry could imply shutting in domestic production and/or displacing coal fired
power production.

Demand Shift
In addition to the growing influence of China, new LNG Demand centres continue
to emerge and both South America and the Middle East have been driving
significant counter seasonal demand. Trinidad has sent an increasing number of
cargoes to Brazil and Argentina with the latter two driving much of the Atlantic
Basin Spot demand in the last few months.

The increased flexibility in the LNG market created by a strong increase in
production and more flexible receiving terminals including FSRU's is opening the
LNG market and making LNG into a very cost competitive feed stock. The overall
demand for flexible LNG solutions is likely to be further supported by the fact
that large nations such as China are now seriously considering LNG fuelled
vehicles.

Outlook

Although there is still some uncertainty as to how the tightening LNG shipping
market will sustain through the spring of 2011, the fourth quarter of 2010 and
first quarter 2011 look likely to be strong in terms of utilisation with
improving rates. After more or less ten years with structural over capacity in
the LNG shipping market, the Board is increasingly optimistic that market
fundamentals are changing. With a total order book of only approximately 5% of
the total fleet and strong increases in LNG production it is likely that the LNG
shipping market will significantly improve in the years to come. Such a bullish
view is further supported by current increases in demand for short to medium
term charters from major oil and gas companies.

The market for provision of FSRUs continues to gain velocity both in terms of
number of visible projects and progress of those projects towards final
investment decision. Being named the successful bidder in the West Java FSRU
tender process has firmly established the Company as a top tier provider of cost
effective and reliable solutions to fast track the import and regasification of
LNG. There are a number of new bid processes under way which the Company will
aggressively pursue and expects to remain very competitive relative to other
bidders. The Company also intends to progress other value added market
offerings in the marine-based LNG infrastructure space such as floating power
and floating storage.

The Board also believes that the opportunities to layer on logistic services on
the back of our FSRU assets will increase as end-users and other market
participants see value in utilizing these assets above and beyond the original
base trade. As such, the increasing deployment of the Company's FSRUs, such as
in West Java, will allow greater opportunity, including through Golar
Commodities, to leverage these assets into tradable positions.

Whilst merchant LNG trading continues to develop, the tightening of the LNG
shipping market has impacted the spot LNG cargo market. Therefore, some firms
with limited shipping length are currently somewhat constrained from
participating in certain spot trading opportunities and suppliers are seeing
less spot liquidity. If this trend toward a reduction in shipping slack
persists, the control over vessels may become a more important driver impacting
the direction of Golar Commodities. Golar Commodities continues to evaluate
this dynamic and will assess the merits of contracting tonnage on a term basis
to complement and enhance its cargo trading activities. Constraints in
transportation and storage flexibility in the commodity market value chains can
often be a very favourable dynamic for merchant trading firms able to adapt
quickly. Golar Commodities fully intends to leverage its deep knowledge in
shipping and FSRU's to enhance its evolution of its LNG trading efforts.

The financing of projects such as West Java is clearly extremely important for
the Company's growth strategy to be successful. To this end the Company has been
in discussions with various banks with regards to the availability, levels and
commercial terms of debt finance for the West Java project and has been
encouraged by the response. The Board feels that the Company is properly equity
financed for current activities and believes that a high proportion of the total
West Java project cost will be able to be financed with debt.

The Company has not been satisfied with the utilisation of the four modern
vessels trading in the spot market. This also includes the trading results from
the three ships operating under the Shell agreement. The Board is currently
evaluating its chartering strategy and is hopeful that they will identify more
efficient employment strategies for the ships.

The cash break even rate, including financing cost (interest and repayments) for
the four modern vessels is currently approximately $33,000 per day.

The operating performance of Golar Commodities is expected to be improved in the
fourth quarter. Also, while the older vessels Gimi and the Khannur will stay
inactive during the fourth quarter, the majority of this earnings reduction will
be offset by significantly improved utilisation and earnings from Golar Energy's
vessels operating in the spot market.

The Board is hopeful that the trend shift in shipping demand that has been seen
in the last quarter will continue and strengthen and will bring the modern fleet
back to a net cash generating position. The results for the fourth quarter are
likely to confirm this trend.

The Company's open shipping position will, together with a strong FSRU
franchise and the newly established commodity team, make Golar Energy into a
major player in the LNG infrastructure market.

The Board is not satisfied with the Company's financial results to date, but is
hopeful that the improved shipping market and the West Java project, together
with the Company's strategic position should result in good long-term returns
for shareholders.

Forward Looking Statements

This press release contains forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon further
assumptions, including examination of historical operating trends made by the
management of Golar LNG Energy. Although Golar LNG Energy believes that these
assumptions were reasonable when made, because assumptions are inherently
subject to significant uncertainties and contingencies, which are difficult or
impossible to predict and are beyond its control, Golar LNG Energy cannot give
assurance that it will achieve or accomplish these expectations, beliefs or
intentions.

Included among the factors that, in the Company's view, could cause actual
results to differ materially from the forward looking statements contained in
this press release are the following: inability of the Company to obtain
financing for the new building vessels at all or on favourable terms; changes in
demand; a material decline or prolonged weakness in rates for LNG carriers;
political events affecting production in areas in which natural gas is produced
and demand for natural gas in areas to which our vessels deliver; changes in
demand for natural gas generally or in particular regions; changes in the
financial stability of our major customers; adoption of new rules and
regulations applicable to LNG carriers and FSRUs; actions taken by regulatory
authorities that may prohibit the access of LNG carriers or FSRUs to various
ports; our inability to achieve successful utilisation of our expanded fleet and
inability to expand beyond the carriage of LNG; increases in costs including:
crew wages, insurance, provisions, repairs and maintenance; changes in general
domestic and international political conditions; the current turmoil in the
global financial markets and deterioration thereof; changes in applicable
maintenance or regulatory standards that could affect our anticipated dry-
docking or maintenance and repair costs; our ability to timely complete our FSRU
conversions; failure of shipyards to comply with delivery schedules on a timely
basis and other factors listed from time to time in registration statements and
reports that we have filed. Nothing contained in this press release shall
constitute an offer of any securities for sale.

November 26, 2010
The Board of Directors
Golar LNG Energy Limited
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: CFO

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[1] Interest expenses in respect of interest rate swaps that are not designated
as hedging instruments are now included within other financial items -see note
2 to the interim financial statements

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

[HUG#1466000]

Golar LNG Energy Q3 2010 Results