Second Quarter Results 2013 29 August 2013

This presentation 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

presentation. Unless legally required, Golar LNG 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 liquified natural gas (LNG) and floating storage and regasification unit

(FSRU) market trends, including charter rates; changes in the supply and demand for LNG; changes in

trading patterns that affect the opportunities for the profitable operation of LNG carriers and FSRUs;

changes in Golar LNG’s ability to retrofit vessels as FSRUs 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; and changes in the ability of Golar LNG to

obtain additional financing, in particular, currently, in connection with the turmoil in financial markets.

Unpredictable or unknown factors herein also could have material adverse effects on forward-looking

statements.

Forward Looking Statements

2

Agenda

1. Q2 Highlights

2. Q2 Financial Highlights

3. Business Update

4. Summary and Outlook

3

Q2 2013: Highlights & Subsequent Events

4

Q2 HIGHLIGHTS

Golar reports second quarter 2013 net income of $59.0 million (including

a non-cash gain of $47.9 million on interest rate swaps).

EBITDA generated in the quarter amounts to $8.2 million

Underlying dividends received from Golar LNG Partners during the

second quarter increase to $16.0 million from the first quarter level of

$14.4 million.

Spot market remains volatile and inefficient – as a result Hilli and Gandria

enter layup in Indonesia.

Board maintains dividend at $0.45 for the quarter.

Q2 2013: Highlights & Subsequent Events

5

SUBSEQUENT EVENTS

Golar concludes $1.1 billion funding facility for 8 of its 13 newbuilds.

Ten year FSRU time charter for the Golar Eskimo concluded with the

Hashemite Kingdom of Jordan.

Five year FSRU time charter for the Golar Igloo concluded with the

Kuwait National Petroleum Company.

Golar Tundra shipbuilding contract amended to include FSRU

capability with new delivery date of November 2015.

Golar Viking continues to trade in the spot market.

Financial Highlights

Deconsolidated

(unaudited)

Consolidated

(unaudited)

Audited

(USD million)

Q2

2013

Q1

2013

Q2

2013

Q1

2013

Q4

2012

Q3

2012

Q2

2012

12m to

Dec-12

Net operating revenues

Operating expenses

EBITDA

Gain on dropdown of Maria

Gain on loss of control

Net financial

income/(expenses)

Net income

Vessel numbers

Time charter equivalent

($p/day)

Utilisation (%)

Dividend

26.1

12.3

8.2

0.1

-

48.9

59.0

5

86,955

80.3%

0.45

33.4

9.6

19.5

65.2

-

(1.8)

85.6

5

66,152

61.8%

0.45

100.5

24.0

69.6

-

-

36.8

77.7

13

107,945

94.2%

0.45

105.5

21.6

78.3

-

-

(11.1)

39.0

13

94,748

82.9%

0.45

107.5

23.8

76.9

-

-

(13.4)

22.8

13

91,479

79.1%

0.425

117.8

19.4

93.4

-

-

(11.0)

44.7

13

98,473

83.2%

0.425

103.9

17.8

79.5

-

-

(12.9)

35.4

13

97,118

89.7%

0.40

400.5

86.7

288.8

-

854.0

(42.9)

971.3

6

94,400

86.8%

1.6

6

Since Partners’ IPO and subsequent dropdowns, the majority of EBITDA contribution now resides in Golar Partners

Golar continues to benefit from dropdown proceeds and increase in operating cashflow through higher dividends

Statement of Cash Flows

7

(USD thousands)

2013

Apr-Jun (unaudited)

2013

Jan-Mar (unaudited)

2013

Jan-Jun (unaudited)

2012

Oct-Dec (unaudited)

2012

Jan-Dec (audited)

OPERATING ACTIVITIES

Net Income before non-controlling interests

Depreciation and amortization

Drydocking expenditure

Gain on business acquisition

Gain on loss of control

Gain on disposal to Golar Partners

Other changes in operating assets and liabilities

Dividends from Golar Partners

Net cash provided by operating activities

INVESTING ACTIVITIES

Additions to newbuildings, vessels & equipment

Other investing activities

Net cash used in investing activities

FINANCING ACTIVITIES

Proceeds from long-term debt

Proceeds from long-term debt from related parties

Repayments of long-term debt from related parties

Other

Net cash (used in) provided by financing activity

Net (decrease) increase in cash & cash equivalents Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

58,969

8,865

554

-

-

(126)

(67,400)

16,868

17,730

(131,112)

(30,409)

(161,521)

-

-

-

(38,723)

(38,723)

(182,514)

373,971

191,457

85,564

8,806

(789)

-

-

(65,239)

(25,857)

14,422

16,907

(167,797)

102,497

(65,300)

-

-

-

(2,350)

(2,350)

(50,743)

424,714

373,971

144,533

17,671

(235)

-

-

(65,365)

(93,257)

31,290

34,637

(298,909)

72,088

(226,821)

-

-

-

(41,073)

(41,073)

(233,257)

424,714

191,457

887,749

20,742

(186)

-

(853,996)

-

23,131

-

77,440

(94,915)

87,972

(6,943)

192,241

-

-

43,512

235,753

306,250

118,464

424,714

1,014,443

85,524

(20,939)

(4,084)

(853,996)

-

12,862

-

233,810

(342,987)

52,287

(290,700)

442,241

200,000

(280,000)

52,450

414,691

357,801

66,913

424,714

Dividend contribution by Partners

8

Since IPO, Golar Partners’

quarterly dividends have grown

by 34%

Golar dividend income from

Partners has increased by 82%

Since Q3 2012 total IDRs

received have increased by 300%

IDRs are currently at 23% level

(25% including GP).

With 2 FSRUs contracted and

potential dropdowns, the level of

IDRs gets closer to the highest

level of 50% (including GP).

Through its Partnership

dividends, operational cashflow

from its newbuildings, Golar is

confident of at least maintaining

its current level of dividend.

0

5000

10000

15000

20000

25000

30000

35000

40000

Q22011

Q32011

Q42011

Q12012

Q22012

Q32012

Q42012

Q12013

Q22013

IDRs

Sub Units

Common Units

GLNG Divs

GMLP Divs

30.0c

27.5c

40.0c 43.0c 43.0c

44.0c

47.5c

50.0c 51.5c 51.5c

32.5c

35.0c

40.0c

42.5c 42.5c

45.0c 33.4c

33.4c

Balance Sheet: Assets

(USD thousands)

2013

Jun 30 (unaudited)

2013

Mar 31 (unaudited)

2012

Dec 31 (audited)

2012

Sep 30 (unaudited)

2012

Jun 30 (unaudited)

Short term assets

Cash and cash equivalents

Restricted cash and short-term investments

Other current assets

Long term assets

Restricted cash (relates to leases)

Investments in available-for-sale securities

Investment in affiliates

Cost method investments

Vessels and equipment, net

Newbuildings

Other long term assets

TOTAL ASSETS

191,457

-

58,854

-

417,540

356,890

201,144

424,961

734,358

78,879

2,464,083

373,971

1,551

17,370

-

404,079

362,294

201,144

435,648

603,656

47,824

2,447,537

424,714

1,551

13,660

-

353,034

367,656

198,524

573,615

435,859

45,786

2,414,399

118,464

45,787

16,412

189,409

-

5,677

-

1,791,169

347,437

28,234

2,542,589

77,489

37,420

15,691

186,812

-

5,455

-

1,800,453

300,382

27,322

2,451,024

9

Balance Sheet: Liabilities

(USD thousands)

2013

Jun 30 (unaudited)

2013

Mar 31 (unaudited)

2012

Dec 31 (audited)

2012

Sep 30 (unaudited)

2012

Jun 30 (unaudited)

Short term liabilities

Current portion of long term debt

Current portion of capital lease obligations

Other current liabilities

Long term liabilities

Long term debt

Long term debt to related parties

Long term capital lease obligations

Other long term liabilities

Golar LNG Ltd’s stockholders’ equity

Non-controlling interest

TOTAL LIABILITIES & EQUITY

9,400

-

35,519

403,605

-

-

87,583

1,927,976

-

2,464,083

9,400

-

51,815

404,784

-

-

90,965

1,890,573

-

2,447,537

14,400

-

72,659

490,506

-

-

72,515

1,764,319

-

2,414,399

74,763

5,866

155,630

799,577

-

406,430

108,113

841,802

150,408

2,542,589

71,636

6,131

175,701

811,201

90,000

399,677

109,912

703,192

83,574

2,451,024

10

Financing of Newbuilding Programme

11

Having confirmed that the Golar Tundra is to be built as an FSRU, the total

newbuild program CAPEX stands at $2.74 billion.

To date the Company has paid $749m in pre-delivery instalments. A further

$20m is expected to be paid before the first delivery in September. The

Company currently has unrestricted cash reserves of approximately $146m.

$1.125 billion ECA funding secured against first 8 vessel deliveries:

Represents approximately 65% LTV.

12-Year repayment profile.

All-in interest cost for first 7-years of 3.74%.

Transferrable between Golar and Golar Partners.

Balance of approximately $720m will be funded as follows:

Potential dropdowns to GMLP of Golar Igloo and Golar Eskimo.

Another multi-unit facility, high yield bonds or short-term revolvers.

Operating cashflows, MLP dividends and IDRs.

Market Outlook

Recent fixtures in $100,000 to 110,000 range for steam vessels

LNG day rates continue to be driven by historically wide AB-PB spread and high tonne miles

Initial Dry docking of the 2007 – 2009 fleet build out will continue in 2013-2014 – keeping dry

docks at high levels

African supply likely supportive

Angola and Algerian (Skikda) ramps may finally be taking place

Continued problems in Egypt on going but factored into market

Long term charter rates continue to be supported by US exports:

Lake Charles approval could add 15 million tonnes of capacity by end of decade

~ 40 million tonnes have now been approved for export to Non-FTA - Cove Point and

Cameron approval expected in 2013 & 2014

12

Arctic Securities

Market Outlook

New Build Tri-Fuel Diesel Electric day rates should be supported by fuel efficiency premium:

Currently ~ $15,000 per day.

Fully loaded TFDEs could have a benefit as high as ~ $30,000 day at current LNG

prices.

Golar will control much of the undedicated TFDE fleet.

First generation vessels will continue to be scrapped – laid up – converted –

~ 10% of current fleet capacity.

Replacing vessels over 20 years would require about 30-40% of the new build

orderbook.

Exit of first generation tonnage should cushion arrival of new builds.

13

Based on Fearnley LNGs weekly market report; chart prepared by Arctic Securities Based on Clarksons Fleet List; chart prepared by Arctic Securities

Golar’s Existing Portfolio

14

Capacity Current

Ship Owned Built m3 Containment Charterer 2013 2014 2015 2016 2017 2018 2020 2021 2022

GOLAR LNG PARTNERS:

Methane Princess 100% 2003 138,000 Membrane BG Group

Golar Winter 100% 2004 138,000 Membrane Petrobras

Golar Spirit 100% 1981 129,000 Moss Petrobras

Golar Mazo 60% 2000 135,000 Moss Pertamina

Golar Freeze 100% 1977 126,000 Moss DUSUP

Nusantara Regas Satu 100% 1977 125,000 Moss Nusantara

Golar Grand 100% 2006 145,700 Membrane BG Group

Golar Maria 100% 2006 145,700 Membrane Eni SpA

GOLAR LNG LTD

Gimi 100% 1976 125,000 Moss E&P Major

Hilli 100% 1975 125,000 Moss Layup

Gandria 100% 1977 126,000 Moss Layup

Golar Viking 100% 2005 140,000 Membrane E&P Major

Golar Arctic 100% 2003 140,650 Membrane Trading House

Spot Options Contracted FLNG Conversion Candidates

2019

PERTAMINA (LNGC)

PETROBRAS (FSRU)

DUSUP (FSRU)

NUSANTARA REGAS (FSRU)

ENI (LNGC)

BG GROUP/GOLAR LNG (LNGC)

BG GROUP (LNGC)

PETROBRAS (FSRU)

15

Current Newbuild Delivery Schedule

Capacity

Ship/Hull No: Built m3 Type

Seal 2013 160,000 LNGC * 26 September 2013

Celsius 2013 160,000 LNGC * 16 October 2013

Igloo 2013 170,000 FSRU * 15 December 2013

Crystal 2013 160,000 LNGC * 3 January 2014

Penguin 2013 160,000 LNGC * 25 January 2014

Bear 2014 160,000 LNGC * 15 March 2014

Frost 2014 160,000 LNGC * 15 June 2014

Glacier 2014 162,000 LNGC * 11 July 2014

Snow 2014 160,000 LNGC * 30 September 2014

Kelvin 2014 162,000 LNGC * 2 October 2014

Ice 2014 160,000 LNGC * 30 November 2014

Eskimo 2014 160,000 FSRU * 24 December 2014

Tundra 2015 170,000 FSRU 30 November 2015 *

20152013 2014

Operations

16

Through its subsidiary management company, Golar Wilhelmsen Management,

Golar ensures:

An operation in compliance with ISO 9001 and 14001 with a goal of zero

harm to people and a minimal environmental footprint.

Strong and competent shore organisation with vast experience in LNG

operation of LNGCs and FSRUs.

Highly motivated and skilled crew, with a retention rate above 99%.

Excellent safety statistics with a zero LTIF both in 2012 and 1st half 2013.

Excellent operational performance with an up-time of close to 100% for the

fleet.

An extensive crewing programme ongoing to recruit, train and plan for crew

to join the 13 newbuilds.

17

FSRUs – Continued Success

Continued growth in the FSRU Market anticipated

Golar established as preferred FSRU provider for

long term service.

6 firm long term (5 years or more) contracts

for FSRUs representing approximately 40-

50% of the long term market.

Firm contract signed with Samsung Heavy

Industries to add regasification capacity to the

Golar Tundra:

170,000 cubic meters of storage with 750

mmscf/day regasification capacity.

Ability to trade as an LNGC with DFDE

propulsion.

Delivery in Q4 2015.

Golar may also pursue niche opportunities using

conversions – several smaller <3.0 mmtpa

regasifcation projects well suited for fast track

conversions.

18

FSRUs – Jordan

FSRU with Jordan finalized - 10 year

contract:

First 5 years EBITDA of $46 Million.

Second 5 years EBITDA of $43

Million.

Jordan has option to terminate

contract after 5 years with payment

of a termination fee.

FSRU is Golar Eskimo:

160,000 cubic meters of storage.

Up to 750 mmscf/day of

regasification capacity.

Fuel efficient regasification process.

Project start up expected Q4 2014 or Q1

2015.

Excellent candidate for MLP drop down.

19

FSRUs – Kuwait

5 year contract with Kuwait National Petroleum

Company:

$213 Million TCP value over 5 years.

Contract is for 9 months of regasifaction

service per year.

Golar will trade vessel as LNG carrier

during off season.

FSRU is Golar Igloo:

170,000 cubic meters of storage.

Up to 750 mmscf/day of regasification

capacity.

Fuel efficient regasification process.

DFDE engines allow if to trade as very

efficient LNG carrier.

Project start up March 2014.

Middle East is a significant area of LNG supply

and demand – potential fixtures on both

departure and return legs of off season.

Excellent candidate for MLP drop down.

Floating Storage and Liquefaction Vessel

FEED with Keppel near completion.

Expected to confirm technical and economic viability of liquefaction solution.

Construction time of approximately 30 months.

Toll of $3-$4 per mmbtu.

Based on converting a 125,000 cubic meter LNG Carrier:

2 to 4 liquefaction trains.

Each train 0.5 to 0.7 mmtpa of liquefaction capacity.

Flexible liquefaction solution will allow Golar to offer contracts of 10 to 25

years.

Modular design allows solution to be easily and efficiently scaled up or down

depending on field requirements.

Golar is working on projects with reserve sizes that range from 500 BCF

to 4 TCF.

20

Floating Liquefaction

Continued progress on Douglas Channel:

FEED continues to progress.

Permitting process well underway.

Several key commercial and shareholder issues

remain to be clarified before FID.

Additional opportunities progressing in the Americas

and West Africa.

West Africa is an excellent fit for Golar’s technology:

Mature basin with a large number of offshore

stranded fields.

Many opportunities to reduce gas flaring.

Offshore conditions relatively benign.

Most gas is relatively clean – low CO2 content.

Host governments have been very supportive of

Golar’s fast track solution.

Technical due diligence and commercial

discussions underway.

21

Summary and Outlook

Significant milestones recently achieved: 2 long term FSRU contracts

secured and $1.1bn newbuild facility concluded.

Solid operational up time and safety performance despite some cost

overruns on drydocking budgets.

Medium to long term shipping fundamentals looking strong however some

volatility anticipated short term as market rebalances.

Vast majority of vessel earnings reside in Golar Partners - Golar LNG LTD’s

non consolidated earnings will appear challenged pending chartering of

newbuild fleet and subsequently leveraging MLP structure.

Newbuild finance package supports superior competitive position for Golar

newbuilds.

Near term process being planned to structure and finance our commitment to

FLNG business where tremendous potential exists - entry barriers remain

high.

22