Golar LNG Partners Declares Cash Distribution (Berumuda)

Golar LNG Partners announced that its board of directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2012 of $0.44 per unit. This represents an increase of 2.3 percent from the first quarter of 2012.

As already announced in connection with the acquisition of Nusantara Regas Satu, the Partnership’s management has recommended to the Board that the quarterly distribution rate be increased to $0.475 per common unit (a 10.5% increase from the first quarter dividend of $0.43), effective for the distribution in respect of the quarter ending September 30, 2012. The Board has however decided to approve an earlier commencement of part of this increase with the balance of the increase to be considered for the third quarter of 2012.

This cash distribution will be paid on August 15, 2012 to all unitholders of record as of the close of business on August 3, 2012.

[mappress]
LNG World News Staff, July 26, 2012