Golar LNG Ltd. (NasdaqGS:GLNG) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its common stock. The company intends to repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws.

The timing and the amount of any repurchases will be determined by the company's management based on its evaluation market conditions, capital allocation alternatives, and other factors. The program underscores the Board's confidence in Golar's strategy to become a leading integrated midstream LNG player based on floating infrastructure. The repurchase program does not require the company to acquire any specific number of shares.

The program may be modified, suspended, extended or terminated by the company at any time without prior notice. The program will run over the next two years.