The document summarizes Golar LNG's fourth quarter 2012 results. It reports operating income of $52.9 million and net income of $22.8 million for Q4 2012. Time charter equivalent rates averaged $91,479 per day with a utilization rate of 79.1%. Looking forward, the LNG shipping market is expected to rebalance in the near term due to increasing liquefaction capacity outpacing current demand. However, long term fundamentals for LNG shipping remain attractive as new liquefaction projects come online through 2018.

1. Fourth Quarter Results 2012
4th March 2013

2. Forward Looking Statements
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.
2

3. Agenda
1. Q4 Highlights
2. Q4 Financial Highlights
3. Business Update
4. Summary and Outlook
3

4. Q4 2012: Highlights & Subsequent Events
Q4 HIGHLIGHTS
Golar reports consolidated operating income of $52.9 million and net
income of $22.8million
Q4 numbers negatively impacted by commercial waiting time for the
Maria and scheduled docking of the Spirit
Company continues to assess whether Golar Partners can be
consolidated from 13 Dec 2012 (GMLP’s first AGM). Deconsolidation a
significant possibility
Golar secures five year charter with energy major for the Golar Maria
Golar Partners repays both Freeze ($222.3m) and Nusantara Regas Satu
($155m) vendor finance facilities using proceeds of $227m unsecured
bond and $155m syndicated debt facility
4

5. Q4 2012: Highlights & Subsequent Events
SUBSEQUENT EVENTS
Golar announces plans to launch new entity that will pursue floating
LNG projects
Golar Partners completes two further follow-on equity issues and uses
net proceeds of $310m to part fund its acquisition of the Golar Grand
($265m) and Golar Maria ($215m) from Golar LNG
Golar chosen as preferred bidder in Jordan FSRU project. TCP
negotiations to commence this quarter
5

6. Basis of financial reporting
Financial highlights and 4th quarter results are presented on a
consolidated basis
However, Company continues to assess whether consolidated-basis of
preparing financial reports is appropriate following GMLP’s first annual
meeting of unitholders when majority of independent directors were
elected
Main impact of deconsolidation are:
De-recognise assets and liabilities associated with GMLP
Book value assets will be replaced by fair value investment in GMLP
Future dropdowns will be at fair value
Share of ongoing profit or losses of GMLP will be recognised as part
of operating income
Casflows to the Company are not affected
Conclusion will be reflected in Form-20F, to be filed in April
6

7. Financial Highlights
Q4 Q3 Q2 Q1 Q4 12m to 12m to
(USD million) 2012 2012 2012 2012 2011 Dec-12 Dec-11
Net operating revenues 107.5 117.8 103.9 82.3 79.6 411.5 293.8
Operating expenses 23.8 19.4 17.8 27.9 17.6 88.9 62.9
EBITDA (ex. Commodities) 76.9 93.4 79.9 48.4 52.7 299.2 203.9
Net financial expenses (13.4) (11.0) (12.9) (8.8) (5.6) (46.0) (53.1)
Net income / loss 22.8 44.7 35.4 15.2 17.2 118.2 46.7
Vessel numbers 13 13 13 13 13 13 13
Time charter equivalent rates ($ p/day) 91,479 98,473 97,118 90,464 86,521 94,472 87,659
Utilisation (%) 79.1% 83.2% 89.7% 99.5% 100% 87.1% 97.1%
Dividend* 0.425* 0.425 0.40 0.35 0.325 1.6 1.15
* Q3 & Q4 dividend paid together in December 2012
Note: Company continues to assess whether Golar Partners can be consolidated from 13 Dec 2012 (GMLP’s first AGM). In the event it is determined that GMLP is de-consolidated from the
Company’s results, the Q4 2012 numbers will be materially different from the financial statements reported in its Form 20-F.
7

8. Net Revenue, EBITDA & Dividends
USD’M USD
140 0.45
Net Revenue
EBITDA
Dividend 0.4
120
0.35
100
0.3
80
0.25
0.2
60
0.15
40
0.1
20
0.05
0 0
Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412
Note: EBITDA excludes Golar Commodities and
any group gains/losses on sale of assets
8

9. Balance Sheet: Assets
2012 2012 2012 2012 2011
Dec 31 Sep 30 Jun 30 Mar 31 Dec 31
(unaudited) (unaudited) (unaudited) (unaudited) (audited)
(USD thousands)
Short term assets
Cash and cash equivalents 491,041 118,464 77,489 107,868 66,913
Restricted cash and short-term investments 32,451 45,787 37,420 43,895 28,012
Other current assets 13,633 16,412 15,691 16,099 11,041
Long term assets
Restricted cash (relates to leases) 190,523 189,409 186,812 189,438 185,270
Equity in net assets of non-consolidated
investees 5,592 5,677 5,455 5,390 22,529
Vessels and equipment, net 1,766,394 1,791,169 1,800,453 1,770,477 1,704,907
Newbuildings 435,859 347,437 300,382 296,578 190,100
Other long term assets 38,655 28,234 27,322 24,080 23,862
TOTAL ASSETS 2,974,148 2,542,589 2,451,024 2,453,825 2,232,634
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10. Balance Sheet: Liabilities
2012 2012 2012 2012 2011
Dec 31 Sep 30 Jun 30 Mar 31 Dec 31
(unaudited) (unaudited) (unaudited) (unaudited) (audited)
(USD thousands)
Short term liabilities
Current portion of long term debt 79,222 74,763 71,636 64,433 64,306
Current portion of capital lease obligations 5,837 5,866 6,131 6,152 5,909
Other current liabilities 166,751 155,630 175,701 160,661 185,925
Long term liabilities
Long term debt 1,130,203 799,577 811,201 839,381 627,243
Long term debt to related parties - - 90,000 90,000 80,000
Long term capital lease obligations 406,534 406,430 399,677 406,263 399,934
Other long term liabilities 108,128 108,113 109,912 111,702 113,497
Golar LNG Ltd’s stockholders’ equity 896,757 841,802 703,192 694,234 677,765
Non-controlling interest 180,716 150,408 83,574 80,999 78,055
TOTAL LIABILITIES 2,974,148 2,542,589 2,451,024 2,453,825 2,232,634
Percentage of Fixed Interest Debt 126%
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11. Statement of Cash Flows
2012 2012 2012 2011
(USD thousands) Oct-Dec Jul-Sep Jan-Dec Jan-Dec
(unaudited) (unaudited) (unaudited) (audited)
OPERATING ACTIVITIES
Net Income before non-controlling interests 36,520 57,502 163,213 68,275
Depreciation and amortization 23,553 23,280 88,335 70,286
Drydocking expenditure (1,475) (2,339) (22,228) (19,773)
Gain on business acquisition - - (4,084) -
Other changes in operating assets and liabilities 23,308 (9,675) 13,039 (2,180)
Net cash provided by operating activities 81,906 68,768 238,275 116,608
INVESTING ACTIVITIES
Additions to newbuildings, vessels & equipment (95,076) (65,865) (343,147) (289,182)
Other investing activities 11,555 (6,780) (24,131) (9,462)
Net cash used in investing activities (83,521) (72,645) (367,278) (298,644)
FINANCING ACTIVITIES
Proceeds from long-term debt 353,852 - 603,852 23,600
Proceeds from long-term debt from related parties - 30,000 200,000 80,000
Repayments of long-term debt from related parties - (120,000) (280,000) -
Other 20,340 134,852 29,279 (19,368)
Net cash provided by financing activity 374,192 44,852 553,131 84,232
Net increase / (decrease) in cash & cash equivalents 372,577 40,975 424,128 (97,804)
Cash and cash equivalents at beginning of period 118,464 77,489 66,913 164,717
Cash and cash equivalents at end of period 491,041 118,464 491,041 66,913
11

12. Financing of Capital Expenditure
Golar’s progress in financing its newbuild programme is proceeding according
to plan
As of year end, the remaining unpaid equity contribution totalled approximately
$500 million. Against this, Golar’s cash reserves stood at approximately $500m
(excluding cash from the Maria dropdown)
Deliveries will be funded by a combination of:
 ECA funding – both Korean and Norwegian ECAs have been engaged and
the Company is working through a structure with them
 Bank funding - the Company continues to discuss various financing
structures with banks
 Capital market transactions (such as bonds) are also under consideration
 Dropdowns to GMLP - to date dropdowns have generated approximately
$1 billion for the Company. With its newbuild deliveries and other existing
assets, the Company is confident of further future dropdowns as well as
increased dividends through its IDRs
With the above sources of funds at its disposal, the Company is expected to
continue its dividend growth without additional equity raising
12

13. Market Outlook
Historical Spot Charter Rates (2008 – 2012) 2012 Spot Charter Rates (USD,000/day) vs NBP/JKM Arbitrage Window ($/mmbtu)
Source: Poten & Partners
 Despite operational disruptions to several existing liquefaction facilities, delays to the delivery of new
ones and reduced arbitration opportunities in Q3, spot rates never fell below $100kpd
 Rates increased quickly in late November/December as the LNG spread widened
 A shortage of available cargoes has however made it difficult to exploit the many arbitrage
opportunities and this has prevented rates returning to the historical highs reached earlier in the year
13

14. Market Outlook
Near-term rebalancing, long-term fundamentals remain attractive
LNG Supply LNG Shipping Requirement – February 2013 (Normalized 160,000m3 ships)
350
Speculative
Possible
Probable Development
300 44% Under Construction
Operational
250
200
mmtpa
150
100
50
0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Liquefaction Capacity by Project Development Status - mmtpa
2012 2013 2014 2015 2016 2017 2018
Operational 240.2 249.9 246.2 240.5 237.6 237.3 236.4
Under Construction 0.0 3.3 7.1 23.3 48.3 70.4 83.3
Probable Development 0.0 0.0 0.0 0.0 0.0 2.2 6.7
Possible 0.0 0.0 0.0 0.0 0.0 3.3 17.1
Speculative 0.0 0.0 0.0 0.0 0.0 0.6 2.3 Note: Does not include First Generation Undedicated tonnage
Total 240.2 253.3 253.3 263.8 285.8 313.8 345.9
Source: Wood Mackenzie Source: Poten & Partners
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15. Golar’s Existing Portfolio
* Purchased by Golar LNG Partners effective February 7 2013.
15

16. Positioned to Capture the Market
Capacity
Ship/Hull No: Built m3 Type 2012 2013 2014 2015
Hilli 1975 125,000 LNGC
Gandria 1977 126,000 LNGC
Golar Viking 2005 140,000 LNGC
Gimi 1976 125,000 LNGC
Seal 2013 160,000 LNGC
Celsius 2013 160,000 LNGC
Igloo 2013 170,000 FSRU
Seal 2013 160,000 LNGC
Penguin 2013 160,000 LNGC
Bear 2014 160,000 LNGC
Eskimo 2014 160,000 FSRU NEWBUILDS
Frost 2014 160,000 LNGC
Glacier 2014 162,000 LNGC
Snow 2014 160,000 LNGC
Kelvin 2014 162,000 LNGC
Ice 2014 160,000 LNGC
Tundra 2015 160,000 LNGC*
OPEN POSITIONS: LNG Carrier FSRU * Possible conversion t o FSRU subject t o GasAt acama sat isf ying f inal cont ract condit ions
16

17. FSRUs: Project Updates
Golar Named Preferred Bidder for Jordan FSRU
 If finalized project will be operational in 2H
2014 using Golar Hull 2024
Continued Growth of FSRU Franchise
 Golar expects 1-2 more projects to make FID
in 1H 2013
 Gas Atacama award subject to possible
extension of charterer conditions deadline
FSRU Market Continues to Mature
Nusantara Regas Satu
 Most successful tenders are now for terms >5
years – No longer short term solution
 Limited undedicated FSRU tonnage in market
 Market will require new builds to satisfy future
demand
Golar is Uniquely Positioned to Capture
Opportunities in a Tight FSRU Market
 Only FSRU available in 2013
 Ability to build speculatively
Golar Spirit leaves drydock
 Only company to have completed fast track
FSRU conversion projects
17

18. Floating Liquefaction
Significant interest from the market for fast
track modular liquefaction solution that is very
competitive with land based alternatives
FEED with Keppel is on schedule to be
completed by mid 2013
Construction time of less than 24 months once
initial FEED is completed
On going discussions with Douglas Channel
LNG in British Columbia, Canada
 Conditionally awarded off take of project
on a joint and several basis with LNG
Partners
 Several different commercial structures
being discussed
Projects in multiple countries in early stages of
development
Targeting both liquid and stranded natural gas
markets
18

19. New Floating LNG Production Subsidiary
Golar plans to form a new subsidiary in
the 1H of 2013
Liquefaction subsidiary will own:
 Gimi, Hilli and Gandria
 All liquefaction technical and FEED
work
 Projects under development
New subsidiary will be focused on:
 Developing technical liquefaction
concepts and organizational
capabilities
 Building and financing liquefaction
vessels
 Promoting the development of
integrated midstream LNG projects
 Creating new, high value markets for
LNGCs and FSRUs
19

20. Summary and Outlook
Assessing suitability of consolidating Golar LNG Partners results following
election of majority independent directors on December 13, 2012
Q4 Earnings impacted by disruptions in production capacity (resulting in
commercial waiting time on Golar Maria) and schedule drydocking of Spirit
Financing of newbuild orders on track – cash on hand to fund anticipated
equity portion. Active discussions on going for attractive debt instruments to
round out funding
Golar Maria dropped down to Golar LNG Partners – net proceeds of $110
mm
FSRU business progressing well – selected as preferred bidder for Jordan
FSRU project. Golar discussing options for converting additional newbuild
carriers to FSRU’s
FLNGV FEED work progressing on time and budget – completion scheduled
for mid 2013 with anticipation of a 24 month project execution schedule
Golar to launch new entity for pursuing floating LNG production and other
related midstream projects
20