Exhibit 99.1

INTERIM RESULTS FOR THE PERIOD ENDED JUNE 30, 2022

FLNG operations: FLNG Hilli maintained its 4+ year unbroken record of 100% uptime during Q2. Distributable Adjusted EBITDA¹ from FLNG Hilli was $92.5 million for the quarter, of which Golar's share was $62.5 million. On July 27, 2022, Hilli customers Perenco Cameroon S.A. and Société Nationale des Hydrocarbures declared 0.2MTPA of their TTF linked optional production from 2023 until the end of the current contract in July 2026. On August 9, 2022 Golar entered into swap arrangements to hedge approximately 50% of Golar's exposure to the 2023 TTF linked production, securing around $80.0 million of 2023 Distributable Adjusted EBITDA¹. Based on current average 2023 TTF gas prices for the remaining unhedged portion, Golar’s share of 2023 TTF linked gross proceeds from the TTF linked volume is expected to be $160.0 million. Including the Brent oil forward curve ($88/bbl), and the fixed tariff, Golar's share of Distributable Adjusted EBITDA¹ from Hilli is expected to be approximately $305.0 million in 2023. Golar's share of forecast 2023 total annual debt service for Hilli's contractual debt is approximately $50.0 million (debt amortization of approximately $29.0 million and interest of approximately $21.0 million).

FLNG Gimi construction: Conversion of FLNG Gimi for its 20-year contract with BP scheduled to commence in Q4 2023 is 86% technically complete. During the quarter Golar and Keppel Capital, together the owners of FLNG Gimi, agreed to a $50.0 million incentive payment to Keppel Shipyard for initiatives to safeguard sail away within H1 2023. Golar owns 70% of FLNG Gimi, hence $35.0 million of the incentive payment will be for Golar's account. This will initially be funded from cash on hand. Once commissioned and delivered to the customer, FLNG Gimi is expected to unlock around $3.0 billion of Earnings Backlog¹ to Golar, equivalent to $151 million in annual Adjusted EBITDA¹. The commercial start-up of FLNG Gimi together with the commodity linked production from FLNG Hilli could result in Golar's share of annual Adjusted EBITDA¹ generation from FLNG Hilli and FLNG Gimi exceeding $400.0 million within 2.5 years.

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

FLNG business development: Multiple new client engagements during the quarter as well as strong development of the existing FLNG growth pipeline across both integrated and tolling based projects.

Yard availability and updated pricing for both MKI and MKII designs was confirmed during the quarter, and in discussion for MKIII. Indicative pricing suggests a capex per ton of liquefaction capacity of between $500-600 million/ton. Both MKI and MKII designs can be delivered within 2025 if ordered during 2H 2022. Competitive construction and long-term lease financing term sheets for FLNG growth projects have been received.

Golar is ramping up construction engineering work and planning to order long-lead items during H2 for a MKII design FLNG, with a liquefaction capacity of up to 3.5MTPA. A suitable conversion candidate vessel has been identified and inspected.

Based on progress across the FLNG growth portfolio the Company maintains its target for FLNG announcement within 2022.

FSRU: Italian energy infrastructure company Snam and Golar signed two contracts. The first contract will see Golar convert the last of its trading steam turbine LNG carriers, Golar Arctic, into a FSRU. After its conversion, ownership of the Golar Arctic will be transferred to Snam who will pay €269.0 million for the completed FSRU. Following Snam's issuance of a Notice-to-Proceed, the conversion is expected to take up to two years. Golar will continue to trade the vessel as a carrier until it enters the yard for conversion.

The second contract saw Snam acquire the FSRU Golar Tundra for $350.0 million. After repayment of vessel debt and fees, Golar received net proceeds of $193.1 million in cash. Golar has agreed to lease the vessel back from Snam and trade it as an LNG carrier until November 2022, generating incremental earnings that will be reported in discontinued operations until Q4 2022. Golar also expects to enter into a development agreement to assist Snam with technical work on the vessel before start-up of FSRU operations.

Financial Summary

Q2 Highlights and recent events

Financial and corporate:

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

Financing facilities:

FLNG:

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

Financial Review

Business Performance:

(2) The line item “Realized and unrealized gain on oil and gas derivative instruments” in the Condensed Consolidated Statements of Operations relates to income from the Hilli Liquefaction Tolling Agreement (“LTA”) and the natural gas derivative which is split into: “Realized gain on oil and gas derivative instruments” and “Unrealized gain/(loss) on oil and gas derivative instruments”. The realized component comprised (i) Brent oil linked fees of $32.6 million (March 31, 2022: $17.5 million), (ii) TTF-linked proceeds of $29.4 million (March 31, 2022: $26.3 million) and (iii) commodity swap expense of $7.0 million (March 31, 2022: $1.1 million) and represents the contracted amounts in relation to the Hilli LTA receivable in cash.

(3) Included in “Other operating income” is $10.2 million (March 31, 2022: $3.6 million) for production over Hilli's contracted tolling capacity of 1.4MTPA.

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

Golar reports today Q2 net income attributable to Golar of $230.0 million. Golar also reports Adjusted EBITDA¹ of $101.0 million inclusive of FLNG Hilli and LNG carrier Golar Arctic but excluding the FSRU Golar Tundra that was sold to Snam on May 31, 2022, and the TFDE carriers, The Cool Pool Limited, and Golar's shipping and FSRU management organization sold to CoolCo during the quarter. Pro-rata Q2 results associated with these assets and entities are reported in discontinued operations.

On May 17, 2022 Golar entered into agreements with Snam relating to the conversion and subsequent sale of the converted LNG carrier Golar Arctic. Although ownership of the converted FSRU is not expected to transfer for up to 3-years, the transaction triggered an immediate impairment test. As the carrying value of the vessel exceeds its fair value as a carrier as of June 30, 2022, an impairment charge of $76.2 million has been recognized. The sale is expected to generate net positive cash and a gain on sale upon completion.

The Brent oil linked component of FLNG Hilli's fees generates additional annual operating cash flows of approximately $3.1 million for every dollar increase in Brent Crude prices between $60.00 per barrel and the contractual ceiling. Billing of this component is based on a three-month look-back at average Brent Crude prices. As a result of higher commodity prices, a $32.6 million realized gain on the oil derivative instrument was recorded in Q2, up from the $17.5 million realized in Q1. Golar has an effective 89.1% interest in these earnings. A Q2 realized gain of $29.4 million was also recognized in respect of fees for the TTF linked production, up from the $26.3 million realized in Q1. Golar has an effective 86.9% interest in these earnings. Offsetting this was a $7.0 million realized loss (100% attributable to Golar) on the hedged component of the quarter's TTF linked earnings. Collectively a $55.0 million realized gain on oil and gas derivative instruments was recognized as a result.

The mark-to-market fair value of the Hilli Brent oil linked derivative asset decreased by $0.3 million during the quarter, with a corresponding unrealized loss of the same amount recognized in the income statement. The fair value decrease was driven by a downward movement in the expected future market price for Brent oil. Predominantly driven by the recognition of a derivative asset reflecting the valuation of the discounted value of the tolling fee above the floor in respect of the customer's TTF linked capacity for 2023-2026, the mark-to-market fair value of the Hilli TTF natural gas derivative asset increased by $170.5 million during the quarter with a corresponding unrealized gain of the same amount recognized in the income statement. A $11.4 million unrealized gain in respect of the hedged portion of Q3 2022 TTF linked Hilli production was also recognized during the quarter. Collectively this therefore resulted in a $181.6 million Q2 unrealized gain on oil and gas derivative instruments.

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

FLNG Hilli production over and above the quarter's pro-rata share of 1.4 million tons of full year 2022 contracted production resulted in the recognition of $10.2 million of Other operating income during the quarter.

The pricing of the 6.2 million NFE shares sold on April 6, 2022 was less than their carrying value and a $11.2 million realized loss was recorded. A decrease in the NFE share price between April 1 and June 30 also resulted in the recognition of a Q2 unrealized mark-to-market loss of $37.8 million on Golar’s remaining 12.4 million NFE shares in Other non-operating losses. The fair value of these shares was $39.57 per share as of June 30, 2022 (price as of August 9, 2022 was $54.92). Together with $1.2 million of dividend income from NFE, this collectively contributed to most of the $45.1 million of Other non-operating losses during the quarter.

Balance Sheet and Liquidity:

As of June 30, 2022 Golar had $528.8 million of cash and cash equivalents and $91.5 million of restricted cash. Restricted cash includes $16.7 million relating to the Hilli lessor-owned VIE. Total Golar Cash¹ therefore amounts to $603.5 million. This includes $253.0 million of net proceeds from the sale of NFE shares, $193.1 million net proceeds from the sale of FSRU Golar Tundra, repayment of the $131.0 million Corporate RCF, and settlement of the $66.4 million legacy UK tax lease case. The full $200.0 million undrawn Corporate RCF continues to be available for future drawdown and is secured by Golar's remaining 12.4 million NFE shares.

^{(2) Assumed unchanged from June 30, 2022}

^{(3) Based on market value of NFE and book value of CoolCo and Avenir LNG Limited.}

Inclusive of $13.3 million of capitalized interest, $107.3 million was invested in FLNG Gimi during the quarter, increasing the total FLNG Gimi Asset under development balance as at June 30, 2022 to $1.1 billion. Of this, $535.0 million had been drawn against the $700 million debt facility. Both the investment and debt drawn to date are reported on a 100% basis. During the quarter the Gimi owners (of which Golar owns 70%), agreed to pay Keppel Shipyard an additional $50.0 million in order to safeguard a 1H 2023 sail away. This increases the capital cost of FLNG Gimi to $1.43 billion, of which around 10% is payable whilst the vessel will receive a reduced rate of hire during commissioning and post customer acceptance full rate hire. Golar's share of remaining capital expenditure to be funded out of equity and cash from commissioning hire and operations, net of the Company's share of remaining undrawn debt amounts to $228.0 million.

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

Included within the $366.8 million current portion of long-term debt and short-term debt as at June 30, 2022 is $359.6 million in respect of the Hilli lessor-owned VIE subsidiary that Golar is required to consolidate. Contractual Debt¹ attributable to Golar amounts to $1.0 billion. Net of Total Golar Cash¹ of $0.6 billion, Net Debt¹ therefore falls to around $0.4 billion. If the value of Total Golar Cash and Listed Securities¹ as of June 30, 2022 is taken into account, this figure becomes net cash of $0.3 billion. Assuming current commodity prices prevail, Golar's share of 2022 Adjusted EBITDA¹ is on track to exceed $200.0 million, $250 million in 2023 and $400 million in 2024. Offering strong debt coverage, near-term earnings power and meaningful growth potential that can be financed, Golar is well positioned to support a final investment decision on at least two of the several new FLNG projects it is working on.

Corporate and Other Matters:

As at June 30, 2022, Golar had 107.8 million shares issued and outstanding. There were also 1.0 million outstanding stock options with an average price of $15.49 and 0.2 million unvested restricted stock units. Subsequent to the quarter end 0.1 million performance stock units were also awarded. These will vest over a three year period commencing July 2022. Of the initial $50.0 million approved share buyback scheme, $14.5 million remains available for further repurchases which will continue to be opportunistically pursued. The Annual General Meeting was held on August 10, 2022.

1. Refer to section "Non-GAAP measures" for definition and reconciliation to the most comparable US GAAP measure, where applicable.

Non-GAAP measures

In addition to disclosing financial results in accordance with U.S. generally accepted accounting principles (US GAAP), this earnings release and the associated investor presentation contains references to the non-GAAP financial measures which are included in the table below. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance.

These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP. Non-GAAP measures are not uniformly defined by all companies, and may not be comparable with similarly titled measures and disclosures used by other companies. The reconciliations from these results should be carefully evaluated.

 

Non-GAAP measure	Closest equivalent US GAAP measure	Adjustments to reconcile to primary financial statements prepared under US GAAP	Rationale for adjustments
Performance measures
Adjusted EBITDA	Net (loss)/income attributable to Golar LNG Limited	+/- Net financial expense +/- Other non-operating income/expenses +/- Income taxes +/- Equity in net (losses)/ earnings of affiliates - Net income attributable to non-controlling interests +/- Unrealized loss/(gain) on oil and gas derivative instruments + Depreciation and amortization + Impairment of long-term assets +/- Net income/(loss) from discontinued operations	Increases the comparability of total business performance from period to period and against the performance of other companies by excluding the results of our equity investments, removing the impact of unrealized movements on embedded derivatives, impairment, depreciation, financing costs, tax items and discontinued operations.
Hilli's Distributable Adjusted EBITDA	Net (loss)/income attributable to Golar LNG Limited	+/- Net financial expense +/- Other non-operating income/expenses +/- Income taxes +/- Equity in net (losses)/ earnings of affiliates - Net income attributable to non-controlling interests +/- Unrealized loss/(gain) on oil and gas derivative instruments + Depreciation and amortization + Impairment of long-term assets +/- Net income/(loss) from discontinued operations - Amortization of deferred commissioning period revenue, Amortization of Day 1 gain - Accrued overproduction revenue + Overproduction revenue received	Increases the comparability of our operational FLNG, Hilli from period to period and against the performance of other companies by removing the non distributable income of Hilli, project developmental costs and the Gandria and Gimi operating costs.
Liquidity measures

Definitions:

TFDE: Tri-fuel Diesel Electric engine

FSRU: Floating Storage Regasification Unit

FLNG: Floating Liquefaction Natural Gas

Reconciliations - Liquidity Measures

Contractual Debt

Please see Appendix A for a capital repayment profile for Golar’s contractual debt.

Total Golar Cash

Total Golar Cash and Listed Securities

^{(1) Total Golar Cash and Listed Securities is based on net book value of our equity method investments and the listed securities as of the period end date.}

Non-US GAAP Measures Used in Forecasting

Earnings Backlog: Earnings backlog represents the share of contracted fee income for executed contracts less forecasted operating expenses for these contracts. In calculating forecasted operating expenditure, management has assumed that where there is an Operating Services Agreement the amount receivable under the services agreement will cover the associated operating costs, therefore revenue from operating services agreements is excluded.

Forward Looking Statements

This press release 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 “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “could,” “would,” “predict,” “propose,” “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 press release. Unless legally required, Golar 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:

As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Responsibility Statement

We confirm that, to the best of our knowledge, the interim consolidated financial statements for the first half year of 2022, which have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) give a true and fair view of the Company’s consolidated assets, liabilities, financial position and results of operations. To the best of our knowledge, the interim report for the first half year of 2022 includes a fair review of important events that have occurred during the period and their impact on the interim consolidated financial statements, the principal risks and uncertainties for the remaining half of 2022, and major related party transactions.

August 11, 2022

The Board of Directors

Golar LNG Limited

Hamilton, Bermuda

Investor Questions: +44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

Tor Olav Trøim (Chairman of the Board)

Dan Rabun (Director)

Thorleif Egeli (Director)

Carl Steen (Director)

Niels Stolt-Nielsen (Director)

Lori Wheeler Naess (Director)

Georgina Sousa (Director)

Golar LNG Limited

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(1) In May 2022, we signed an agreement with Snam Group ("Snam") for the future sale of the Golar Arctic once converted into an FSRU which triggered an impairment indicator. This resulted to the recognition of an impairment loss of $76.2 million. Fair value is based on average broker valuation at date of measurement and represents the exit price in the principal LNG carrier sales market.

(2) Realized and unrealized gain on oil and gas derivative instruments consists of (i) $170.2 million of unrealized gain on oil and gas derivatives (Q1 2022: $193.8 million gain); and (ii) $62.1 million of realized gain on oil and gas derivatives net of withholding tax (Q1 2022: $43.7 million gain); and (iii) $4.3 million of realized and unrealized TTF swap gains (Q1 2022: $26.8 million realized and unrealized losses).

(3) On January 26, 2022, we and Cool Company Ltd “CoolCo”, at that time one of our former wholly owned subsidiaries, entered into a share purchase agreement (“the Vessel SPA”) and related agreements under which CoolCo will acquire entities holding eight modern TFDE LNG carriers, The Cool Pool Limited and Golar's shipping and FSRU management organization (“the Disposal Group”), from us. The respective subsidiary completions pursuant to Vessel SPA completed over staggered dates from March 3, 2022 to April 5, 2022. On June 30, 2022 we and CoolCo entered into a share purchase agreement to acquire Golar's shipping and management organization, which was contemplated in the agreements entered into on January 26, 2022. The Disposal Group met the criteria for presentation as held-for-sale and is also considered a discontinued operation in Q1 2022. Consequently, we retrospectively adjusted the results of the Disposal Group and separately presented as “Net income/(loss) from discontinued operations” and “Net (loss)/income attributable to non-controlling interests discontinued operations”. Net income/(loss) from discontinued operations for the six months ending June 30, 2022, includes (i) $10.0 million loss on disposal of the Disposal Group; (ii) $218.3 million of impairment of vessels and (iii) $23.5 million net income from the discontinued operations.

(4) On May 31, 2022 we entered into an agreement with Snam for it to acquire 100% of the share capital of Golar LNG NB 13 Corporation, owner of FSRU Golar Tundra for $352.5 million including a $2.5 million working capital adjustment. FSRU Golar Tundra met the criteria for presentation as held-for-sale and discontinued operation on May 30, 2022. Consequently, we retrospectively adjusted the results of the FSRU Golar Tundra and separately presented as “Net income/(loss) from discontinued operations”. Net income/(loss) from discontinued operations for the six months ended June 30, 2022, includes (i) $123.3 million gain on disposal of the Disposal Group; (ii) $0.7 million net loss from discontinued operations.

Golar LNG Limited

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Golar LNG Limited

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(1) On January 26, 2022, we entered into a Vessel SPA under which Cool Co will acquire eight modern TFDE LNG vessels, the Cool Pool Limited and the fleet’s commercial management companies (“the Disposal Group”), from us. Following successful equity raise and the receipt of consent from existing lenders, four of the eight TFDE vessels were sold to Cool Co during the period ended March 31, 2022. The remaining four TFDE vessels were sold to Cool Co in April 2022 and the commercial management companies in June 2022. The assets and liabilities of the Disposal Group yet to be disposed at December 31, 2021 were classified as Held for sale and we have retrospectively adjusted the period.

(2) On May 31, 2022 we and Snam signed an agreement for Snam to acquire all of the share capital of Golar LNG NB 13 Corporation, whose sole asset is the Golar Tundra. The assets and liabilities associated to the Golar Tundra were classified as Held for sale and we have retrospectively adjusted the period.

Golar LNG Limited

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS

Golar LNG Limited

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(1) Contributed Surplus is 'capital' that can be returned to shareholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends.

(2) Opening adjustment refers to the impact to our 2017 Convertible bond following the adoption of ASU 2020-06 Debt with conversion and other options (Topic 470) and derivatives and hedging - contracts in entity's own equity from January 1, 2022.

Golar LNG Limited

APPENDIX A

The table below represents our actual contractual debt, including the capital lease obligations between us and the lessor VIEs which are eliminated on consolidation as at quarter end:

(1) Under US GAAP, we consolidate the lessor VIE's. Accordingly, the capital lease obligations between Golar and the lessor VIEs are eliminated.

The table below represents our anticipated contractual capital repayments for the next five years as at June 30, 2022, including the capital lease obligations between us and the lessor VIEs which is eliminated on consolidation:

Included within the restricted cash and short-term deposits and debt balances are amounts relating to lessor VIE entities that we are required to consolidate under US GAAP into our financial statements as variable interest entities. However, these exclude lessor VIEs’ balances which are classified as held for sale at balance sheet date. The table represents the impact of consolidating these continuing lessor VIEs into our balance sheet, with respect to the following line items:

The consolidated results and net assets of the consolidated lessor VIE entity are based on management's best estimates.

As discussed above, we are required to consolidate amounts relating to lessor VIE entity into our financial statements. As such, the table above represents the lessor VIE entity balances and not our actual costs and balances.