INTERIM RESULTS FOR THE PERIOD ENDED JUNE 30, 2014

Highlights * Golar LNG ("Golar" or the "Company") reports a second quarter 2014 ("second quarter") net loss of USD $24.2 million (including a non-cash loss of $13.6 million on interest rate swaps). * EBITDA* generated in the quarter amounts to $1.1 million. * Total pro-forma EBITDA** on a group-wide basis (including consolidation of Golar Partners) is $84.3 million. * Golar takes delivery of the LNG carrier Golar Crystal ("Crystal") on May 15...

New York, 26/08/2014 (informazione.it - comunicati stampa - servizi)

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 reflects 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," 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.   Unless legally required, Golar undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are:   changes in LNG, FSRU and FLNGV market trends, including charter rates, ship values and technological advancements; changes in the supply and demand for LNG; changes in trading patterns that affect the opportunities for the profitable operation of LNG carriers, FSRUs; and FLNGVs; changes in Golar's ability to retrofit vessels as FSRUs and FLNGVs, Golar's ability to obtain financing for such retrofitting on acceptable terms or at all and the timing of the delivery and acceptance of such retrofitted vessels; increases in costs; changes in the availability of vessels to purchase, the time it takes to construct new vessels, or the vessels' useful lives; changes in the ability of Golar to obtain additional financing; changes in Golar's relationships with major chartering parties; changes in Golar's ability to sell vessels to Golar LNG Partners LP; Golar's ability to integrate and realize the benefits of acquisitions; changes in rules and regulations applicable to LNG carriers, FSRUs and FLNGVs; changes in domestic and international political conditions, particularly where Golar operates; as well as other factors discussed in Golar's most recent Form 20-F filed with the Securities and Exchange Commission.   Unpredictable or unknown factors also could have material adverse effects on forward-looking statements.

 

August 26, 2014

The Board of Directors

Golar LNG Limited

Hamilton, Bermuda.

 

Questions should be directed to:

Golar Management Limited - +44 207 063 7900

Doug Arnell - Chief Executive Officer

Brian Tienzo - Chief Financial Officer

Stuart Buchanan - Investor Relations
Copyright GlobeNewswire

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