Golar LNG Delivers World's First FSRU to Petrobras

Golar LNG is pleased to advise the successful start up of its first Floating Storage and Regasification Vessel (FSRU), the Golar Spirit.
The Golar Spirit is the world's first FSRU conversion project which was awarded to Golar by Petrobras in April 2007. The FSRU gives Petrobras the ability to receive LNG from standard LNG Carriers and provide natural gas ashore for domestic consumption.

The successfully completed commissioning and performance test runs form part of the delivery protocol for the vessel. The vessel will
now be placed in FSRU service and will continue to operate at the direction of Petrobras. The commissioning tests performed involved
running each of the 3 regasification trains in turn at different regasification capacities for an agreed period of time. Following the initial performance tests, DNV issued a Statement of Approval of the Regasification Plant and Interim Class Certificate confirming the REGAS-2 Class notation.

The FSRU will receive LNG from offloading LNG carriers, and the onboard regasification system will provide gas send-out through flexible risers and pipeline to shore. The proposed LNG terminal is a steel mono hull with Moss® LNG tanks arranged in the middle, with the re-gasification plant in the forward section and crew facilities with control room and utility machinery in the aft section. The LNG offloading tankers will be moored in a side-by-side configuration with the FSRU for efficient replenishment of the terminal. The scope of work includes installation of new forward turret, side-by-side mooring system, LNG loading arms, aft thruster with compartment, a regasification plant and replacement of cargo pumps. There is also upgrading of the existing steam power electrical and marine systems.

Gary Smith, Golar Management's CEO, commented, "It was particularly pleasing to see the FSRU delivered into service following a short, flawless start up and commissioning period. The execution and delivery of this project is testimony to the technical capability and experience of Golar's staff and its technical partners to deliver new and innovative solutions to the LNG industry. The successful execution of the Golar Spirit FSRU project and the demonstrated success of the technology positions Golar to develop additional business opportunities in the LNG mid stream at a time when new markets for LNG are to opening up. Additionally, the delivery of this project and Golar's following FSRU projects will further strength the Company's earnings in these challenging times."