Golar LNG Partners LP (NASDAQ: GMLP) (the
"Partnership") announced today, further to its announcement on
August 16, 2017, that it has completed the acquisition of 50% of
the common units in Golar Hilli LLC ("Hilli LLC"), the indirect
owner of the FLNG Hilli Episeyo. The
acquired interest in Hilli LLC represents the equivalent of 50% of
the two liquefaction trains, out of a total of four that have been
contracted to Perenco Cameroon SA and Société Nationale Des
Hydrocarbures pursuant to a Liquefaction Tolling Agreement ("LTA")
with an 8 year term, as well as a 5% interest in any future
distributions generated by the currently uncontracted expansion
capacity of Hilli Episeyo. The acquired
interest will not be exposed to the oil linked pricing elements of
the tolling fee under the LTA.
This acquisition should strengthen
the Partnership's financial position and provide strong support to
its distribution going forward.
FORWARD LOOKING
STATEMENTS
This press release contains certain
forward-looking statements concerning future events and the
Partnership's operations, performance and financial condition.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
"believe", "anticipate", "expect", "estimate", "project", "should",
"will be", "will continue", "will likely result", "plan", "intend"
or words or phrases of similar meanings. These statements involve
known and unknown risks and are based upon a number of assumptions
and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond the
Partnership's control. Actual results may differ materially from
those expressed or implied by such forward-looking
statements. Important factors that could cause actual results
to differ materially include, but are not limited to, those factors
listed from time to time in the reports and other documents Golar
LNG Partners LP files with the United States Securities and
Exchange Commission.
New factors emerge from time to time, and it is
not possible for the Partnership to predict all of these factors.
Further, the Partnership cannot assess the impact of each such
factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
The Partnership does not intend to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Partnership's expectations with respect
thereto or any change in events, conditions or circumstances on
which any such statement is based.
Hamilton, Bermuda
July 12, 2018
Investor relations enquiries:
Golar Management Limited - +44 207 063 7900
Brian Tienzo
Stuart Buchanan
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.