Exhibit 99.1

INTERIM RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2020

Delivering on our commitment to shareholders with two transformative transactions

Iain Ross, CEO, Golar LNG, said:

“Golar is pleased to report Q4 total operating revenues of $118.7 million, adjusted EBITDA¹ of $78.0 million and net income of $9.5 million, driven by another quarter of uninterrupted commercial uptime in FLNG and a Q4 Adjusted TCE¹ for the shipping fleet at $51,800 per day.

Previously announced sales of Hygo Energy Transition Ltd. (“Hygo”) and Golar LNG Partners LP (“Golar Partners” or “the Partnership”) to New Fortress Energy Inc. (“NFE”), in transactions with a combined enterprise value of approximately $5 billion, deliver on Golar's commitment to simplify its corporate structure and crystallize value to Golar shareholders. The combination of NFE, Hygo and Golar Partners will also create the leading LNG downstream distribution company. Golar's combined net proceeds of 18.6 million Class A shares in NFE and $131 million in cash, will, together with the $100.3 million of equity raised in December, significantly strengthen Golar's balance sheet.

The successful delivery of the FSRU LNG Croatia (formerly Golar Viking) to LNG Hrvatska d.o.o. (“LNG Hrvatska”) released a further $51.7 million of liquidity between December 2020 and Q1 2021. This project was completed on time, on budget and in spite of significant COVID related constraints and is a credit to Golar's project and operations teams.”

Financial Summary

Q4 highlights and recent events

Financial:

Shipping:

FLNG:

Hygo Energy Transition Ltd:

Outlook

LNG Shipping:

We expect the Q1 2021 fleet TCE¹ to be around $60,000 per day, with utilization of around 90% based on fixtures to date and prevailing spot market conditions. Despite the record spot rates recorded by the market in January, Golar's shipping strategy will continue to prioritize longer term utilization over short-term opportunities. Approximately 77% of 2021 available days are now covered. We do retain some exposure to seasonal and other potential upside by virtue of some index linked charters and spot availability within our shipping portfolio.

FLNG:

We will continue to focus on Hilli Episeyo operations and will pursue our dialogue with Perenco and SNH on potential solutions to prove up more reserves and increase throughput of the vessel. A conditional agreement with Perenco has been entered into that may allow for a drilling campaign to commence within Q1 2021. If drilling were to commence before the end of Q1 2021, additional throughput could commence in 2022. With Brent oil prices having recently exceeded $60, additional Brent linked operating cashflow can also be expected under the terms of the current contract.

On Gimi, our project focus is in Singapore on conversion productivity whilst complying with safe working under COVID-19 restrictions. The project remains on schedule, on budget and the 5th dry dock is on track to commence in Q1 2021.

We will continue to work with development opportunities for new FLNG projects utilizing both Mk I conversion and Mk III new build technologies. Smaller capacity solutions based on modular production technology that offer the prospect of a significantly shorter lead time to first production will also be explored further.

Following the re-emergence of strong returns in the upstream segment Golar will revisit opportunities to use its unique FLNG technology and operational experience to increase its potential upstream exposure. This can be achieved by virtue of the current Hilli oil price kicker or by more direct exposure. The target remains to capture more of the spread between well and wire and the strategy is in line with that articulated when OneLNG was established with Schlumberger in 2016. The collapse in oil and gas prices at that time caused Golar to focus on the build out of its downstream business which has now been successfully established following the proposed merger with NFE.

Corporate:

The entry into merger agreements resulting in the eventual sales of Hygo and Golar Partners to NFE represent significant steps toward simplifying the group structure, crystallizing value and strengthening the balance sheet. With $128 million of unrestricted cash on hand as at December 31, 2020, a further $37 million released from the sale of the LNG Croatia in Q1 2021 and $131 million of cash proceeds expected upon closing of the proposed sales of Hygo and Golar Partners, Golar's balance sheet will be significantly strengthened. Together with the 18.6 million NFE shares with a market value of $910 million as of February 24, 2021, Golar is now well-positioned to refinance the 2022 maturing convertible bond, complete all project CAPEX obligations, and target attractive growth prospects. The Golar Board does not intend to create a long-term holding company of other publicly traded entities. The Board will therefore focus on solutions that give shareholders direct exposure to the underlying assets and thereby minimize any holding company discounts.

In order to capture the significant discount to book value/underlying value, Golar will also explore opportunities to separate the FLNG business. With a unique fast-track, low cost technical LNG production platform, $3.4 billion (Golar share) in contract earnings backlog¹, and attractive growth prospects, the Board is of the opinion that there is also significant hidden value in this business segment.

Supported by increased financial flexibility following the proposed NFE transactions and a continuing disparity between the share price and the underlying value of the business, the Board has approved a share buyback program of up to $50 million of the Company’s common stock. After expiry of the 90 day lock-up period for the NFE Class A shares to be received upon consummation of the merger agreement for the proposed sale of Hygo, the Board will revert with a plan for how the value of this investment can best be transferred to Golar shareholders, either directly and or indirectly. The Board of Golar sees significant strategic upside in the NFE business, particularly as the company has taken a leading role in the global downstream distribution of LNG, supported by strong long-term cash flow contracts.

Driven by a stronger performance of the shipping fleet and consistent operations from FLNG Hilli Episeyo, Golar's expects a solid improvement in Q1 results relative to Q4. Influenced by a potential $773 million illustrative gain on disposals¹ of Hygo and Golar Partners to NFE, results for 1H 2021 are also expected to be materially ahead of prior periods.

Financial Review

Business Performance:

(2) The line item "Realized and unrealized gain /(loss) on oil derivative instrument" in the Condensed Consolidated Statements of Income/(Loss) relating to income from the FLNG Hilli Episeyo Liquefaction Tolling Agreement is split into, "Realized gain on oil derivative instrument" and "Unrealized loss on oil derivative instrument". The unrealized component represents a mark-to-market loss of $5.7 million (September 30, 2020: $0.2 million gain and December 31, 2019: $4.3 million) on the oil embedded derivative, which represents the estimate of expected receipts under the remainder of the Brent oil linked clause of the Hilli Episeyo Liquefaction Tolling Agreement. The realized component amounts to $nil (September 30, 2020: $nil and December 31, 2019: $1.1 million) and represents the income in relation to the Hilli Episeyo Liquefaction Tolling Agreement receivable in cash.

To align our reportable segments and more clearly show the performance of shipping as a standalone business, Golar has separated other operations which include management and administrative services and labelled this segment “Corporate and other”.

Golar reports today Q4 operating income of $45.5 million compared to operating income of $30.6 million in Q3.

Total operating revenues increased 25% from $95.2 million in Q3 to $118.7 million in Q4, partially mitigated by an increase in voyage, charter hire and commission expenses, from $0.5 million in Q3 to $5.8 million in Q4. Of the $23.5 million increase in total operating revenues, $15.1 million was attributable to an improved shipping performance. The remainder of the increase is mainly due to billing for 2019-2020 overproduction by FLNG Hilli Episeyo.

Revenue from shipping, net of voyage, charterhire and commission expenses was $44.9 million and increased by $9.8 million from $35.1 million in Q3. The quarter began with quoted TFDE¹ carrier headline spot rates at around $59,000 per day and ended with rates at around $160,000 per day. The earlier commitment of a significant portion of the fleet to term contracts in accordance with a utilization focused strategy, a cap on the rate receivable for some of the index linked charters and a mechanical issue with one of the remaining spot vessels limited Golar's exposure to the higher spot rates observed later in the quarter. Full fleet TCE¹ earnings increased from $39,100 in Q3 2020 to $48,800 in Q4 2020 but decreased relative to the $77,000 achieved in Q4 2019. Inclusive of loss of hire income receivable, Golar's Q4 Adjusted TCE¹ was $51,800, in line with prior guidance.

Operating revenues from FLNG Hilli Episeyo, including base tolling fees and amortization of pre-acceptance amounts recognized, increased from $54.5 million in Q3 to $62.5 million in Q4. Billing for 2019 and 2020 overproduction of $5.1 million and $2.9 million respectively, accounts for the increase in Q4.

Reduced crew costs for FLNG Hilli Episeyo contributed to a $2.0 million reduction in vessel operating expenses from $28.2 million in Q3 to $26.2 million in Q4. Project development expenses increased from $1.2 million in Q3 to $2.8 million in Q4. FLNG feed costs and expenses in connection with the proposed NFE transactions account for most of the $1.6 million increase.

A loss of hire claim in respect of the aforementioned mechanical failure on board one of the carriers accounts for the $2.7 million other operating income in Q4.

Having completed the conversion and sale of the FSRU LNG Croatia (formerly Golar Viking) to LNG Hrvatska on December 23, a gain on sale of $5.7 million was recognized in other non-operating income.

Depreciation and amortization, at $26.8 million was in line with the prior quarter.

Net Income Summary:

In Q4 the group generated $9.5 million of net income, compared to a Q3 net loss of $21.8 million. Key items contributing to this are:

Net losses attributable to non-controlling interests relate to the Hilli Episeyo, the Gimi and the finance lease lessor VIEs.

Financing and Liquidity:

Our cash position as at December 31, 2020 was $316.1 million. This was made up of $127.7 million of unrestricted cash and $188.4 million of restricted cash. Restricted cash includes $62.1 million relating to lessor-owned VIEs, $36.7 million in escrow for the LNG Croatia, subsequently released in January 2021, and $77.2 million relating to the Hilli Episeyo Letter of Credit, of which $15.2 million has been classified as short-term and is expected to be released to free cash in Q2 2021.

In early December Golar took steps to strengthen its balance sheet through a registered equity offering of 12,067,789 shares of its common stock. The issue price was $8.75 per share. Using a new $100 million credit facility secured by its interest in Hygo and the $100.3 million net proceeds of the equity offering, Golar then repaid the $150 million term loan facility secured by its interest in Hygo and the $30 million margin loan secured by its interest in Golar Partners. The new $100 million credit facility will continue to be secured by Golar's interest in Hygo until the proposed sale to NFE closes, with Golar's interest in NFE becoming security for the facility thereafter. The Company is seeking alternative medium term financing of this position which will likely lead to a lower funding cost and the release of a significant portion of the existing collateral position.

In late December the LNG Croatia was accepted by customer LNG Hrvatska. Around $51.7 million of cash was released to Golar between December 2020 and Q1 2021 after completion of the sale and repayment of the vessel debt facility. This includes €30 million Euros, equivalent to approximately $36.7 million USD that was classified as restricted cash as at December 31, 2020.

Relative to the position on September 30, 2020 the above steps have reduced outstanding contractual debt by around $193 million and strengthened the Company's unrestricted cash position.

Subject to closing, the proposed merger agreements entered into with NFE that were announced on January 13, 2021 are expected to further enhance the Company's already strengthened balance sheet with the addition of a further $131 million of cash. Notable cash injections expected in 1H 2021 are summarized as follows:

Drawdowns against the FLNG Gimi debt facility are expected to cover 60% of milestone payments during 2021. The current $700 million debt facility is supported by a 20 year lease and operate agreement with BP with an estimated annual EBITDA¹ of $215 million. To optimize project returns Golar will look to explore more attractive ways to finance this unit that could eliminate or materially reduce the additional equity injections required from the Company prior to project commencement.

Inclusive of $7.8 million of capitalized interest, $59.6 million was invested in FLNG Gimi during the quarter, taking the total invested as at December 31, 2020 to $658.2 million. Of this, $300.0 million, inclusive of $75 million drawn in Q4, had been drawn against the $700 million debt facility. Both the investment and debt drawn to date are shown on a 100% basis.

Based on the closing share price on 24 February 2021, Golar's future interest in NFE's Class A shares to be received on consummation of the Hygo transaction would be valued at $910 million. This leaves significant scope to upsize the $100 million credit facility to address any unfunded portion of the 2022 convertible bond as well as the opportunity to dividend a material portion of the holding directly to Golar shareholders.

Included within the $1,008.0 million current portion of long-term debt and short-term debt as at December 31, is $891.2 million relating to lessor-owned VIE subsidiaries that Golar is required to consolidate in connection with nine sale and leaseback financed vessels, including the Hilli Episeyo.

Corporate and Other Matters:

As at December 31, 2020, there were 109.9 million shares outstanding. There were also 1.8 million outstanding stock options with an average price of $24.62 and 0.9 million unvested restricted stock units awarded.

On December 9, 2020, the putative class action lawsuit filed against Golar, its CEO and the former CEO of Hygo, was dismissed. The Court therefore ordered that the case be terminated.

In connection with the merger agreement for the proposed sale of Golar Partners to NFE, a Special Meeting of the Partnership's common unitholders voted to approve the proposed sale on February 24. Work to satisfy other closing conditions and to obtain remaining regulatory approvals and third-party consents for both transactions continues. The two transactions are independent of each other and will likely close at different times, although both are expected to close within 1H 2021.

Commercial Review

LNG Shipping:

The quarter commenced with JKM at around $5.15/mmbtu and quoted TFDE headline spot rates of around $59,000 per day. The rapid ramping up of US export capacity in October following earlier hurricane related interruptions was met by strong winter demand in key Asian markets. Multiple and significant additional supply outages elsewhere added upward pressure to LNG prices and widened regional price differentials, pulling more Atlantic LNG to markets in the Far East. As ton miles increased and carrier availability decreased, rates responded with TFDE spot rates reaching $100,000 per day by late October. Increasing use of European reloads and significant congestion at the Panama Canal added further upward pressure to ton miles as 10 day transit delays sent more vessels around the Cape. Particularly cold weather in Asia, a shortage of cargoes in the East, US facilities producing above nameplate capacity to compensate for further supply outages elsewhere, and a lack of available vessels then sent both LNG prices and shipping rates on a path to record levels. The quarter ended with JKM at around $15.10/mmbtu and quoted TFDE headline spot rates of around $160,000 per day. Despite the significant increase in spot rates, term charter rates remained broadly unchanged.

Freezing temperatures and low inventories in key Asian markets saw 2021 begin with a shortage of prompt available ships resulting in a handful of February US cargos being cancelled. By the second week of January both JKM and carrier spot rates briefly reached record levels, at $32.50 and in excess of $250,000 per day respectively, only to decline just as rapidly in the second half of January. The arbitrage window between the US and Asia, which had been the main driver for carrier spot rates, had closed by early February and spot rates dropped below $100,000 per day. Despite having previously fixed a number of vessels on term charters, Golar did manage to execute a couple of higher rate spot fixtures in Q1. The Company remains focused on performing well during the seasonally weaker second and third quarters. Based on fixtures to date Golar currently expects Q1 fleet utilization of around 90% and a TCE¹ of around $60,000 per day. Revenue backlog¹ from shipping fixtures to date amounts to $193 million as at December 31, with around 77% of available 2021 trading days covered by charter. TFDE spot rates as of 24 February stood at $45,000 per day.

FLNG:

FLNG Hilli Episeyo maintained its unbroken record of 100% commercial uptime during the quarter and continues to reliably deliver quarterly LNG tolling revenues. Revenue in respect of excess LNG produced in 2019 and 2020 was also recognized during the quarter. This amounted to an additional $8 million, 87% of which is for Golar’s account. Upon final signature by SNH and effectiveness of the tolling agreement amendment that removes the cap on gas reserves available for liquefaction, any LNG overproduced in the years ahead will be invoiced in Q1 each year following the year in question. During January FLNG Hilli Episeyo achieved another milestone, the production of its 7 millionth cubic meter of LNG and export of its 50th cargo. The vessel continues to maintain 100% commercial uptime and most recently exported its 52nd cargo. We also continue our work with Perenco and SNH on potential solutions to prove up more reserves and increase throughput on the vessel. Should these discussions be concluded successfully, there will likely be a new risk aligned tariff payment for the additional volumes. Dependent on commercial agreement between Golar, Perenco, SNH and the current T1&2 offtaker, a conditionally agreed drilling campaign between Golar and Perenco to prove up additional reserves is planned for March/April 2021.

The Brent Oil linked component of Hilli Episeyo's fees generates additional annual operating cash flows of approximately $3 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. Having recently exceeded $60 per barrel, Golar can expect to receive additional earnings if the current strengthening is maintained.

In excess of 7 million man-hours have been worked on FLNG Gimi with around 2,500 yard workers currently allocated to the conversion, all working in a COVID safe environment. The vessel completed its fourth drydock in January when the first sections of its prefabricated sponsons were fitted. The aft utility module that houses its control room is now in place and the vessel is on target to enter its fifth drydock later in the quarter where remaining sections of the vessel's sponsons will be fitted. The project is on schedule and on budget.

The recent LNG price volatility is seen by many industry watchers and participants as a precursor to a longer term market tightening. Golar’s FLNG solutions can out compete almost all onshore facilities in terms of cost, schedule and carbon footprint. The Company’s strengthened balance sheet following the proposed NFE transactions also provides our potential customers with additional confidence in our ability to finance and deliver their FLNG project.

Golar has now established a "green team" to prepare for the next stage of our industry evolution. In connection with this, Golar and B&V agreed to expand on their long-standing FLNG relationship and enter into a collaboration agreement in the field of floating ammonia production, carbon capture, and green LNG. The initial focus is on reducing the CO2 footprint of our FLNG products and to investigate the potential for floating ammonia production with carbon capture and storage (“Floating Blue Ammonia”).

Hygo Energy Transition Ltd (50/50 Golar/Stonepeak Infrastructure Partners non-consolidated downstream JV):

Golar’s 50% proportionate share of Hygo's Q4 adjusted EBITDA¹ amounted to $19.0 million.

Following the aborted September 2020 contemplated IPO, several suitors, including NFE, expressed interest in investing in or purchasing Hygo. On January 13, 2021 Golar and Stonepeak entered into a merger agreement to sell Hygo to NFE. Under the terms of the merger agreement, NFE will acquire all of the outstanding shares of Hygo. The transaction valued Hygo at an enterprise value of $3.1 billion and a common equity value of approximately $2 billion, in line with contemplated IPO pricing expectations. Pursuant to the transaction, Golar will receive 18.6 million Class A NFE shares and $50 million in cash for its interest in Hygo. Completion of the transaction is subject to the receipt of certain approvals, third-party consents and the satisfaction of other customary closing conditions, and is expected to occur within 1H 2021.

NFE and Hygo share a vision of delivering cheaper and cleaner energy to emerging markets. Golar believes that combining Hygo and Golar Partners with NFE will allow NFE to further strengthen its footprint and accelerate the delivery of this vision globally. Price and execution risks associated with closing this transaction are both viewed as attractive compared to those associated with a relaunched IPO, and the transaction delivers on Golar’s commitment to its shareholders to crystalize the value in Hygo. The transaction also delivers industry consolidation by creating a leading, geographically diversified, lower risk, LNG downstream company with improved access to growth capital.

Golar is excited to become a significant NFE shareholder. The risk in the NFE share price is significantly reduced through the solid contracted cashflow the company will have after completion of the transactions. We see significant upside in the company spurred by the joint development pipeline as well as the opportunity to utilize the uncontracted assets they acquire to realize fast track projects.

Golar Partners (a non-consolidated affiliate of Golar LNG):

Golar Partners' Q4 total adjusted EBITDA¹ at $77.0 million was in line with Q3. An increase in swap rates during the quarter resulted in a small mark-to-market gain on the Partnership's interest rate swaps. Together with a decrease in interest expense, this contributed to an improved Q4 net income of $20.7 million compared to Q3 net income of $17.4 million.

On January 13, 2021, Golar Partners entered into a merger agreement with NFE and certain of its subsidiaries whereby NFE will acquire all of the Partnership's common units. This transaction is independent of the NFE and Hygo transaction also announced. Upon the merger agreement becoming effective, all of the Partnership's outstanding common units will be cancelled and automatically converted into rights to receive cash in an amount equal to $3.55 per unit. Golar also entered into an agreement with NFE to transfer all the membership interests in Golar GP LLC to NFE ("the GP Transfer Agreement"). Upon the GP Transfer agreement becoming effective, Golar will receive $5.1 million in cash, also equivalent to $3.55 per general partner unit. In connection with the transaction, the Partnership's incentive distribution rights will be cancelled. The Partnership's Series A preferred units will remain outstanding.

Representing a $1.9 billion enterprise value and a $251 million equity value for Golar Partners, the consideration to be received by the Partnership’s common unitholders, including Golar, represents a 27% premium to the closing price of Golar Partners’ common units on January 12, 2021, and a 37.5% premium to the volume weighted average closing price of its common units for the 20-trading day period ended January 12, 2021. Upon consummation of the transaction, Golar will receive a merger cash consideration of $80.8 million in respect of its common unit and general partner holdings. Entry into the merger agreement follows an extensive search for strategic alternatives and is an attractive solution for Golar Partners that creates immediate additional value for its stakeholders, removes significant refinancing and re-contracting risk and represents a further step toward simplifying the group structure.

Closing of the transaction, which received the requisite approval of a majority of the Partnership’s common unit holders on 24 February, is subject to the receipt of certain regulatory approvals, third party consents and other customary closing conditions, and is expected to occur in 1H 2021.

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.

Reconciliations - Performance Measures (Average Daily TCE Rate)

(1) The adjusted average daily TCE and adjusted fleet utilization for the period from October 1 to December 31, 2020, had we included the $2.7 million loss of hire insurance claim from Golar Ice, which is presented within Other operating income in the condensed consolidated statements of income/(loss), would have been $51,800 and 82% respectively.

Reconciliations - Liquidity Measures (Adjusted Net Debt)

(1) Restricted cash relating to the share repurchase forward swap refers to the collateral required by the bank with whom we entered into a total return equity swap. In February 2020, we purchased 1.5 million of our shares and 107,000 of Golar Partner's units underlying the total return equity swap and cancelled all of the treasury shares that we repurchased in the current and previous periods amounting to 3.5 million shares.

Reconciliations - Liquidity Measures (Contractual debt)

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

Segment Information

In Q4 2020, we changed the way in which we report and measure our Operating Segments. Details of the changes discussed below will also be included in the “Segment Information” note presented of our 2020 Form 20-F. The main driver of the change is the presentation and contents of financial information provided to our chief operating decision maker (the Board of Directors), required to allocate resources, evaluate and manage both our standalone operating segments and our overall business performance. The key impacts of the changes are:

Management has therefore concluded that effective Q4 2020, we provide four distinct services and operate in the following four reportable segments: Shipping, FLNG, Power and Corporate and other.

The below is an extract of how our Operating Segments will be presented in our "Segment Information" note in our Consolidated Financial Statements. These profit measures are referenced to throughout the Earnings Release:

Non-US GAAP Measures Used in Forecasting

Revenue Backlog: Revenue backlog is defined as the minimum contracted daily charter rate for each vessel multiplied by the number of scheduled hire days for the remaining contract term and not adjusted for any accruals or deferrals. Revenue backlog is not intended to represent EBITDA or future cashflows that will be generated from these contracts. This measure should be seen as a supplement and not a substitute for our US GAAP measures of performance.

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 are excluded. For contracts, which do not have a separate Operating Services Agreement management has made an assumption about operating costs based on the current run rate. The only material application of this methodology was to the Hilli Earnings backlog where we assumed operating costs of approximately $144kpd.

Illustrative gain on disposals: Illustrative gains on disposals represents the accounting gain on the sale of the Partnership and Hygo to NFE. In calculating the illustrative gain on disposals, management had used NFE share price as of February 24, 2021 less the carrying value of our investment in affiliates as of December for the Partnership and Hygo. This is not intended to reflect the actual accounting profit that will be recognized which will based on the fair value of the consideration at close and the carrying value of our equity investments at that time. The fair value of the consideration received will change based on changes in the NFE share price. The carrying value of our equity investments is subject to change based on the underlying performance of these entities from January 1, 2021 to the date of close.

Definitions:

TFDE: Tri-fuel Diesel Electric

FSRU: Floating Storage Regasification Unit

JKM: Japan Korea Marker

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 “may,” “could,” “should,” “would,” "will," “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 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

February 25, 2021

The Board of Directors

Golar LNG Limited

Hamilton, Bermuda

Investor Questions: + 44 207 063 7900

Iain Ross - CEO

Karl Fredrik Staubo - CFO

Stuart Buchanan - Head of Investor Relations

Golar LNG Limited

CONDENSED CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

Golar LNG Limited

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)

Golar LNG Limited

CONDENSED CONSOLIDATED BALANCE SHEETS

(1) Included within restricted cash and short-term deposits and debt balances are amounts relating to certain lessor entities (for which legal ownership resides with financial institutions) that we are required to consolidate under US GAAP into our financial statements as variable interest entities. Refer to Appendix A.

Golar LNG Limited

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.

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. See the table below.

The table below represents our anticipated contractual capital repayments for the next five years, including the capital lease obligations between us and the lessor VIEs which will be eliminated on consolidation:

(1) The Golar Tundra and Golar Seal facilities put options require us to find replacement charters for the Golar Tundra and the Golar Seal by June 2021 and January 2022, respectively or we could be required to refinance the vessels capital lease obligations.

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. The following table represents the impact of consolidating these lessor VIEs into our balance sheet, with respect to these line items:

The consolidated results and net assets of the consolidated lessor VIE entities are based on management's best estimates. Between the timing of our Q4 2020 earnings release and the filing of our 2020 annual report on Form 20-F, in the event the consolidated lessor VIEs enter into binding refinancing agreements, the classification of debt between current and non-current and the interest expense may change.

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