Further to the Golar LNG announcement in August 2008 of the MOU signed between Golar and PTT Exploration and Production Public
Agreement in principle has also been reached on the commercial structuring of the Australian FLNG project which provides for Golar
Golar Management's CEO, Gary Smith commented, "In line with the intention signaled last year when signing our MOU with PTTEP, both
Mr. Smith went on to say, "Progress made in the area of FLNG announced today, our growing portfolio of floating storage and regasification projects, the development of the Gladstone Fisherman's Landing LNG project and new opportunities establishes Golar as a clear innovator and leader in developing profitable midstream LNG solutions."
Golar recently announced that it intended to restructure the Company to form a subsidiary company that will be focused on project development, both FSRU projects and liquefaction projects. The development of this FLNG opportunity will clearly form an important part of this new Company. In due course the new Company will likely raise additional capital and will seek a separate listing. We see great opportunities for Golar to play an important part in developing the LNG market by providing new technology and flexible midstream solutions to meet the needs of our close customers. Such a development should be highly beneficial for Golar's shareholders.
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