Oréus Business Society

Golar LNG Limited

vergadering, 6 november 2013

1

LNG

LNG = liquified natural gas (vloeibaar aardgas)

Mengsel van voornamelijk methaan met o.a. stikstof, propaan en ethaan

Volume van lng is 600 maal kleiner dan aardgas

Zeetransport goedkoper dan via pijpleiding

2

Waarom LNG?

Goedkoper dan diesel

Groene energie: schoonste van de fossiele brandstoffen

20-30% minder uitstoot van CO2

Relatief veilig

3

LNG Markt

4

LNG Markt

Exportland 2011 Importland 2011

Qatar 102.6 Japan 107.0

Maleisië 33.3 Zuid-Korea 49.3

Australië 25.9 Verenigd Koninkrijk 25.3

Nigeria 25.9 Spanje 24.2

Trinidad & Tobago 18.9 India 17.3

in miljarden m³

*2020: VS wordt het twee na grootste exportland van lng

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*2015: vraag naar lng in China gaat verdubbelen

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Golar LNG Midstream LNG company engaged in transportation,

regasification, liquefaction and trading of LNG

Leading independent LNG carrier owner/operator – 16 vessels in total, experience spanning 4 decades

Controls majority of near term industry wide open vessel positions at a time of unprecedented market demand

Market leader in floating regasification (FSRU) – 4 floating terminals operating or committed

7

First MoverFirst Mover

Fleet of FSRU Fleet of FSRU CandidatesCandidates

Fit to Market Fit to Market SolutionsSolutions

Golar is the only operator that has converted LNGCs into FSRUs

An industry leader and one of only 3 companies to operate FSRUs

3 Moss type LNG carriers available for FSRU conversion

Newbuild FSRU firm order

Golar has a long history operating these vessels

Tailor-made FSRU conversions

Near term delivery of newbuild FSRU

Low cost execution model

8

Golar LNG: Vooruitzicht Focus on leveraging LNG carriers and FSRU positions

First priority is high value term employment

31.7.2013 - FSRU time charter contract with Jordanian government (10 years)

4.8.2013 - FSRU time charter contract with Kuwait National Petroleum Company (5 years)

New opportunities in North America (USA/Panama Canal)

Able to withstand fluctuating day rates thanks to size

9

Kerncijfers

Kerncijfers

Kerncijfers

Kerncijfers

Golar Industry Average

Mkt cap 3.06B 885.5B

P/E 3.24 .10

Div/yield 4.80% 3.98%

EPS 11.71 -

Beta 1.59 1.28

Debt Ratio 21% -

Kerncijfers