© Golar LNG Limited

First

Quarter

2018

Results

© Golar LNG Limited

FORWARD

LOOKING

STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Actof 1934, as amended) which reflects management’s current expectations, estimates and projections about itsoperations. All statements, other than statements of historical facts, that address activities and events thatwill, 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 toidentify such forward-looking statements. These statements are not guarantees of future performance and aresubject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficultto predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecastedin such forward-looking statements. You should not place undue reliance on these forward-looking statements,which speak only as of the date of this press release. Unless legally required, Golar undertakes no obligation toupdate publicly any forward-looking statements whether as a result of new information, future events orotherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in LNG carriers, FSRU and floating LNG vessel market trends, includingcharter rates, ship values and technological advancements; changes in the supply and demand for LNG;changes in commodity prices; changes in trading patterns that affect the opportunities for the profitableoperation of LNG carriers, FSRUs; and floating LNG vessels; changes in Golar’s ability to retrofit vessels asFSRUs and floating LNG vessels and in our ability to obtain financing for such retrofitting; increases in costs;changes in the timeliness of the Hilli Episeyo (the "Hilli") acceptance; changes in our ability to close the sale ofthe equity interests in Hilli on a timely basis or at all; our inability to meet our obligations under the Heads ofTerms agreement entered into in connection with the BP Greater Tortue / Ahmeyim Project, prior to FID, whichwill result in extensive termination fees; our ability to make additional equity funding payments to Golar Powerto meet our obligations under the shareholders agreement; changes in the availability of vessels to purchase,the time it takes to construct new vessels, or the vessels’ useful lives; changes in the ability of Golar to obtainadditional financing; changes in Golar’s relationships with major chartering parties; changes in Golar’s ability tosell vessels to Golar LNG Partners LP; Golar’s ability to integrate and realize the benefits of acquisitions;changes in rules and regulations applicable to LNG carriers, FSRUs and floating LNG vessels; our inability toachieve successful utilization of our expanded fleet or inability to expand beyond the carriage of LNG andprovisions of FSRUs particularly through our innovative FLNG strategy and our JV; changes in domestic andinternational political conditions, particularly where Golar operates; as well as other factors listed from time totime in registration statements, reports or other materials that we have filed with or furnished to the Securitiesand Exchange Commission, or the Commission, including our most recent annual report on Form 20-F.

As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differmaterially from those expressed or implied by such forward-looking statements. The Company undertakes noobligation to publicly update or revise any forward-looking statements, whether as a result of new information,future events or otherwise unless required by law.

2

© Golar LNG Limited

Financial Highlights

3

(USD thousands)

2018

Jan-Mar

(Unaudited)

2017

Oct-Dec

(Unaudited)

2017

Jan-Mar

(Unaudited)

2017

Jan-Dec

(Audited)

Total operating revenues

Voyage, charter-hire and commission expenses

Net operating revenues

Operating expenses

Administrative expenses

Unrealized gain on FLNG derivative instrument

EBITDA

Depreciation and amortization

Other non-operating (loss) income

Net interest expense

Other financial items, net

Income taxes

Equity in net earnings (losses) of affiliates

Net income attributable to non-controlling interests

Net (loss) income attributable to Golar LNG Limited

Number of vessels

Dividend (US cents)

66,190

(24,521)

41,669

(18,415)

(14,016)

13,600

22,838

(16,409)

-

(12,054)

(1,237)

6

(1,541)

(12,605)

(21,002)

14

0.05

57,587

(19,464)

38,123

(17,076)

(16,763)

15,100

19,384

(16,585)

(189)

(5,034)

24,122

(435)

(6,348)

(11,092)

3,823

14

0.05

25,110

(16,929)

8,181

(12,944)

(11,441)

-

(16,204)

(25,186)

62

(18,233)

14,456

(189)

(13,897)

(6,652)

(65,843)

14

0.05

143,537

(61,292)

82,245

(55,946)

(50,334)

15,100

(8,935)

(76,522)

(81)

(53,415)

20,627

(1,505)

(25,448)

(34,424)

(179,703)

14

0.20

© Golar LNG Limited

Balance Sheet

(USD thousands)

2018

Mar 31

(Unaudited)

2017

Dec 31

(Audited)

2017

Sep 30

(Unaudited)

2017

Jun 30

(Unaudited)

Current assets

Cash and cash equivalents

Restricted cash and short-term deposits

Other current assets

Non-current assets

Restricted cash

Investments in affiliates

Vessels and equipment, net

Asset under development

Other non-current assets

TOTAL ASSETS

Current liabilities

Current portion of long-term debt and short-term debt

Other current liabilities

Non-current liabilities

Long-term debt

Other long-term liabilities

Golar LNG Ltd’s stockholders’ equity

TOTAL LIABILITIES & EQUITY

172,380

215,412

43,888

175,782

726,736

2,061,027

1,212,762

176,159

4,784,146

1,368,252

199,377

1,098,360

337,569

1,780,588

4,784,146

214,862

222,265

36,333

175,550

703,225

2,077,059

1,177,489

157,504

4,764,287

1,384,933

247,341

1,025,914

309,795

1,796,304

4,764,287

286,562

270,087

31,925

182,416

684,285

2,093,515

1,032,116

64,317

4,645,223

1,102,560

329,527

1,199,989

228,718

1,784,429

4,645,223

343,226

205,227

19,781

233,144

668,707

2,110,537

855,949

61,687

4,498,258

919,918

193,825

1,403,112

158,757

1,822,646

4,498,258

4

© Golar LNG Limited

Current portion of long-term debt

and short-term debt

Breakdown (USD millions)

2018

March 31

(Unaudited)

Golar Tundra – facility extended to June 2019 (subject to documentation)

Golar Seal – repayable December 31, 2018 depending on employment or extension

Balance relating to consolidated lessor-owned VIE subsidiaries (not short-term for Golar)

Current portion of long-term debt and short-term debt relating to lessor-owned VIE subsidiaries

Hilli Episeyo debt (to be replaced by $960m sale and leaseback facility upon acceptance)

Remaining current portion of long-term debt and short-term debt (relates to non sale and leaseback financed

assets)

Current portion of long-term debt and short-term debt (reported in balance sheet)

160

143

397

700

640

28

1,368

5

© Golar LNG Limited

FLNG Update

FLNG Hilli Episeyo (Cameroon):

First LNG produced.

First LNG cargo exported.

Acceptance testing underway; expect completion in days.

Second cargo currently being loaded on to Golar Maria.

Fortuna (Equatorial Guinea):

Financing increasingly unlikely in the short-term.

Changed priorities mean Schlumberger will exit project.

Golar and Schlumberger plan to wind down OneLNG.

Golar, Ophir and EG government to continue pursuit of

attractive financing which may include additional partners.

No further updates until financing is fully committed.

BP (Mauritania/Senegal):

FLNG unit similar to Hilli Episeyo for 20 years.

FEED update being progressed to meet FID later in year.

Development of contracts and agreements underway.

Strong appetite from lenders interested in financing project.

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© Golar LNG Limited

Shipping Update

Further material improvements in September - March winter average rates expected:

Average TFDE winter rates increased from around $40kpd in 2016/7 to $60kpd in 2017/8. Further material

increases expected over next 2-3 years.

Expected seasonal softening to negatively impact 2Q TCE - will be around half 1Q levels.

New production and widening trading margins once again driving up ton miles and absorbing vessels.

Notable increase in period cover requirements. Trend expected to accelerate in 2H.

Market remains structurally short of vessels. Increasingly difficult to order a vessel to deliver before 2021.

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-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

May

15

Jun

15

Jul 1

5

Au

g 1

5

Sep

15

Oct

15

No

v 1

5

De

c 1

5

Jan

16

Feb

16

Mar

16

Ap

r 1

6

May

16

Jun

16

Jul 1

6

Au

g 1

6

Sep

16

Oct

16

No

v 1

6

De

c 1

6

Jan

17

Feb

17

Mar

17

Ap

r 1

7

May

17

Jun

17

Jul 1

7

Au

g 1

7

Sep

17

Oct

17

No

v 1

7

De

c 1

7

Jan

18

Feb

18

Mar

18

Ap

r 1

8

May

18

USD

/day

LNG 160K CBM Spot Rate LNG 145K CBM Spot Rate Linear (LNG 160K CBM Spot Rate)

Spot rates (USD/day)

Source: Clarksons Platou/Golar

© Golar LNG Limited

FSRU and Power Update

Sergipe project making good progress:

Project now fully funded with $1.35 billion in debt and

$400 million equity fully paid in.

Executed FSRU Golar Nanook time charter party.

Power plant infrastructure modules arriving on site.

Pursuing options to monetize spare FSRU capacity.

Other opportunities:

Several FSRU opportunities being pursued.

Good appetite for smaller/cheaper FSRUs.

Newbuild FSRU market extremely competitive. Margins

under increasing pressure.

Gas to power remains of high interest with further

integrated FSRU/power station projects being developed.

Above: progress to date: Sergipe power station

8

Below: 3D rendering of completed Sergipe power station

© Golar LNG Limited

Summary and Outlook• Hilli Episeyo:

Stable production levels achieved and Commercial Acceptance anticipated in the coming days.

Golar’s expected share of base annual operating income before depreciation and amortization on

contracted trains of $82m with a further $82m dropped down to GMLP.

Brent link worth $45million in additional annual cash flows at $75 Brent.

Train 3 represents an increasingly attractive commercial opportunity.

• FLNG proof of concept opening new opportunities: BP Tortue project in Mauritania and Senegal indicative of this.

Several new commercial enquiries received from gas companies.

Completed Mark II FEED study expected to further widen opportunity set (e.g. Delfin).

• Sergipe project expected to be cash flow generative in 2020: Project financing secured. Equity now fully paid in.

Significant construction progress expected over coming months as prefabricated modules arrive

on site.

• Strong underlying shipping fundamentals despite weak 2Q: Significant improvements in cash generation still expected from 3Q.

More charterers seeking multi-month and 1-year fixtures ahead of winter.

Interest in multi-year charters also increasing.

Market remains structurally short of vessels despite recent increase in ordering.

• Significant earnings growth

Strategic platform and competitive advantage leads to strong expected growth over the

coming years.

9

THANK

YOU

© Golar LNG Limited10