Golar LNG Partners (GMLPF) 6-K 26 Nov 19 2019 Q3 Current report (foreign) Financial data

Cover Page

Cover Page	9 Months Ended
	Sep. 30, 2019
Cover page.
Entity Registrant Name	Golar LNG Partners LP
Entity Central Index Key	0001415916
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2019

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total operating revenues	$ 75,818	$ 108,232	$ 223,089	$ 266,647
Vessel operating expenses	(14,740)	(16,372)	(46,463)	(49,378)
Voyage and commission expenses	(1,685)	(2,312)	(5,164)	(7,241)
Administrative expenses	(3,110)	(2,944)	(10,227)	(10,140)
Depreciation and amortization	(20,380)	(24,593)	(63,188)	(75,171)
Total operating expenses	(39,915)	(46,221)	(125,042)	(141,930)
Operating income	35,903	62,011	98,047	124,717
Other non-operating income	0	0	4,195	236
Financial income/(expense)
Interest income	4,990	1,177	8,474	7,959
Interest expense	(19,764)	(20,062)	(61,236)	(59,679)
(Losses)/gains on derivative instruments	(9,937)	11,338	(48,406)	34,274
Other financial items, net	541	(545)	757	(1,115)
Net financial expenses	(24,170)	(8,092)	(100,411)	(18,561)
Income before tax, equity in net earnings of affiliate and non-controlling interests	11,733	53,919	1,831	106,392
Tax	(4,817)	(4,512)	(15,032)	(12,938)
Equity in net earnings/(loss) of affiliate	1,181	(71)	2,773	(71)
Net income/(loss)	8,097	49,336	(10,428)	93,383
Net income attributable to non-controlling interests	(173)	(372)	(2,162)	(1,224)
Net income/(loss) attributable to Golar LNG Partners LP Owners	7,924	48,964	(12,590)	92,159
General partner interest in net income/(loss)	97	920	(434)	1,664
Preferred unitholders’ interest in net income	3,019	3,019	9,057	9,023
Common unitholders’ interest in net income/(loss)	$ 4,808	$ 45,025	$ (21,213)	$ 81,472
Earnings/(loss) per unit
Cash distributions declared and paid per unit in the period (in dollars per share)	$ 0.40	$ 0.58	$ 1.21	$ 1.73
Common Units
Financial income/(expense)
Net income/(loss) attributable to Golar LNG Partners LP Owners	$ 4,808	$ 45,025	$ (21,213)	$ 81,472
Earnings/(loss) per unit
Common unit (basic) (in dollars per share)	$ 0.07	$ 0.64	$ (0.31)	$ 1.16
Common unit (diluted) (in dollars per share)	$ 0.07	$ 0.64	$ (0.31)	$ 1.16

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 8,097	$ 49,336	$ (10,428)	$ 93,383
Other comprehensive income/(loss):
Amount reclassified from accumulated other comprehensive income to statements of operations	0	0	0	(26)
Other comprehensive loss	0	0	0	(26)
Comprehensive income/(loss)	8,097	49,336	(10,428)	93,357
Comprehensive income/(loss) attributable to:
Golar LNG Partners LP Owners	7,924	48,964	(12,590)	92,133
Non-controlling interests	$ 173	$ 372	$ 2,162	$ 1,224

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 51,961	$ 96,648
Restricted cash and short-term deposits	48,743	31,330
Other current assets	20,493	34,520
Current portion of net investment in leased vessel	2,229
Amount due from related parties	5,964	0
Inventories	3,120	2,031
Total Current Assets	132,510	164,529
Non-current Assets
Restricted cash	129,954	141,114
Investment in affiliate	196,045	206,180
Vessels and equipment, net	1,384,564	1,535,757
Vessel under capital lease, net	110,003
Vessel under capital lease, net		114,711
Net investment in leased vessel	112,462
Intangible assets, net	52,899	60,369
Other non-current assets	3,196	18,157
Total Assets	2,121,633	2,240,817
Current Liabilities
Current portion of long-term debt and short-term debt	225,156	75,451
Current portion of obligation under capital lease	1,768
Current portion of obligation under capital lease		1,564
Amount due to related parties	0	1,237
Other current liabilities	86,294	57,855
Total Current Liabilities	313,218	136,107
Non-current Liabilities
Long-term debt	1,011,926	1,196,899
Obligation under capital lease	112,462
Obligation under capital lease		118,119
Other non-current liabilities	31,347	30,175
Total Liabilities	1,468,953	1,481,300
Partners' capital:
Common unitholders	388,752	495,576
Preferred unitholders	132,991	132,991
General partner interest	48,873	51,048
Total Partners' capital	570,616	679,615
Non-controlling interests	82,064	79,902
Total Equity	652,680	759,517
Total Liabilities and Equity	$ 2,121,633	$ 2,240,817

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
Net income/(loss)		$ (10,428)	$ 93,383
Adjustments to reconcile net (loss)/income to net cash provided by operating activities:
Depreciation and amortization		63,188	75,171
Equity in net earnings of affiliate		(2,773)	71
Movement in deferred tax liability		3,086	1,326
Amortization of deferred charges and Partnership guarantee		2,015	5,974
Drydocking expenditure		(9,859)	(12,027)
Foreign exchange losses/(gain)		351	(671)
Unit options expense		177	174
Dividends received from affiliate		2,018	0
Interest element included in obligation under capital lease, net		7	(34)
Gain on recognition of net investment in leased vessel		(4,195)	0
Sales-type lease payments received in excess of interest income		1,477	0
Change in market value of derivatives		53,836	(33,420)
Change in assets and liabilities:
Trade accounts receivable		12,078	(26,731)
Inventories		(1,089)	465
Other current assets and other non-current assets		833	2,989
Amount due to/(from) related parties		2,365	(2,783)
Trade accounts payable		(2,067)	(3,127)
Accrued expenses		4,779	(4,104)
Other current and non-current liabilities		(3,595)	(3,174)
Net cash provided by operating activities		112,204	93,482
INVESTING ACTIVITIES
Additions to vessels and equipment		(10,074)	(6,317)
Acquisition of Hilli Common Units		(10,296)	0
Dividends received from affiliate		10,529	0
Net cash used in investing activities		(9,841)	(6,317)
FINANCING ACTIVITIES
Proceeds from issuance of equity, net of issue costs		0	13,854
Repayment of debt		(63,853)	(134,583)
Proceeds from debt		25,000	1,419
Repayments of obligation under capital lease		(1,169)	(967)
Advances from related party for Methane Princess lease security deposit		448	481
Cash distributions paid		(95,021)	(133,416)
Financing costs paid		0	(1,699)
Common units buy-back and cancelled		(1,565)	(9,477)
Net cash used in financing activities		(136,160)	(264,388)
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(4,637)	(3,845)
Net decrease in cash, cash equivalents and restricted cash	[1]	(38,434)	(181,068)
Cash, cash equivalents and restricted cash at beginning of period	[1],[2]	269,092	429,887
Cash, cash equivalents and restricted cash at end of period	[1],[2]	$ 230,658	$ 248,819
[1]	Included within restricted cash are security deposits for our capital lease, debt facility and performance guarantees issued to the charterers.
[2]	The following table identifies the balance sheet line-items included in ‘cash, cash equivalents and restricted cash’ presented in the consolidated statements of cash flows: September 30, December 31, September 30, December 31, (in thousands of $) 2019 2018 2018 2017 Cash and cash equivalents 51,961 96,648 75,781 246,954 Restricted cash and short-term deposits 48,743 31,330 27,106 27,306 Restricted cash - non-current 129,954 141,114 145,932 155,627 230,658 269,092 248,819 429,887

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTARY CASH FLOW (Parenthetical) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Statement of Cash Flows [Abstract]
Cash and cash equivalents		$ 51,961	$ 96,648	$ 75,781	$ 246,954
Restricted cash and short-term deposits		48,743	31,330	27,106	27,306
Restricted cash - non-current		129,954	141,114	145,932	155,627
Cash, cash equivalents, restricted cash and restricted cash equivalents	[1],[2]	$ 230,658	$ 269,092	$ 248,819	$ 429,887
[1]	Included within restricted cash are security deposits for our capital lease, debt facility and performance guarantees issued to the charterers.
[2]	The following table identifies the balance sheet line-items included in ‘cash, cash equivalents and restricted cash’ presented in the consolidated statements of cash flows: September 30, December 31, September 30, December 31, (in thousands of $) 2019 2018 2018 2017 Cash and cash equivalents 51,961 96,648 75,781 246,954 Restricted cash and short-term deposits 48,743 31,330 27,106 27,306 Restricted cash - non-current 129,954 141,114 145,932 155,627 230,658 269,092 248,819 429,887

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS' CAPITAL - USD ($) $ in Thousands	Total	Accumulated Other Comprehensive (Loss)/Income	Total Before Non-Controlling Interest	Non-Controlling Interest	Preferred Units	Common Units	General Partner Units and IDRs	[1]	Incentive Distribution RightsGeneral Partner Units and IDRs
Beginning Balance at Dec. 31, 2017	$ 847,601	$ 26	$ 771,057	$ 76,544	$ 132,991	$ 585,440	$ 52,600
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income/(loss)	93,383		92,159	1,224	9,023	81,472	1,664
Other comprehensive income	(26)	(26)	(26)
Cash distributions	(132,880)		(132,880)		(9,023)	(121,372)	(2,485)
Net proceeds from equity issuances	13,854		13,854			13,563	291
Units options expense	174		174			174
Common units acquired and cancelled	(9,477)		(9,477)			(9,477)
Ending Balance at Sep. 30, 2018	812,629	0	734,861	77,768	132,991	549,800	52,070
Beginning Balance at Jun. 30, 2018	807,415	0	730,019	77,396	132,991	545,047	51,981
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income/(loss)	49,336		48,964	372	3,019	45,025	920
Other comprehensive income	0
Cash distributions	(44,180)		(44,180)		(3,019)	(40,330)	(831)
Units options expense	58		58			58
Ending Balance at Sep. 30, 2018	812,629	0	734,861	77,768	132,991	549,800	52,070
Beginning Balance at Dec. 31, 2018	759,517	0	679,615	79,902	132,991	495,576	51,048		$ 32,500
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income/(loss)	(10,428)		(12,590)	2,162	9,057	(21,213)	(434)
Other comprehensive income	0
Cash distributions	(95,021)		(95,021)		(9,057)	(84,223)	(1,741)
Units options expense	177		177			177
Common units acquired and cancelled	(1,565)		(1,565)			(1,565)
Ending Balance at Sep. 30, 2019	652,680	0	570,616	82,064	132,991	388,752	48,873		32,500
Beginning Balance at Jun. 30, 2019	677,763	0	595,872	81,891	132,991	413,525	49,356
Increase (Decrease) in Partners' Capital [Roll Forward]
Net income/(loss)	8,097		7,924	173	3,019	4,808	97
Other comprehensive income	0
Cash distributions	(31,674)		(31,674)		(3,019)	(28,075)	(580)
Units options expense	59		59			59
Common units acquired and cancelled	(1,565)		(1,565)			(1,565)
Ending Balance at Sep. 30, 2019	$ 652,680	$ 0	$ 570,616	$ 82,064	$ 132,991	$ 388,752	$ 48,873		$ 32,500
[1]	As of September 30, 2019 , the carrying value of the equity attributable to the holders of our incentive distribution rights ("IDRs") was $32.5 million ( December 31, 2018 : $32.5 million ).

GENERAL

GENERAL	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	GENERAL Golar LNG Partners LP (the “Partnership,” “we,” “our,” or “us”) is a publicly traded Marshall Islands limited partnership initially formed as a subsidiary of Golar LNG Limited (“Golar”) in September 2007, to own and operate LNG carriers and FSRUs under long-term charters. On July 12, 2018, we acquired an interest in the Hilli Episeyo (the “ Hilli ”), a floating liquefied natural gas (“FLNG”) vessel through the acquisition of 50% of the common units (the “Hilli Common Units”) in Golar Hilli LLC (“Hilli LLC”) (the “Hilli Acquisition”). As of September 30, 2019 , we have a fleet of four LNG carriers, six FSRUs and an interest in the Hilli.

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
ACCOUNTING POLICIES	ACCOUNTING POLICIES Basis of accounting The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The footnotes are condensed as permitted by the requirements for interim financial statements and, accordingly, do not include all of the information and disclosures required under U.S. GAAP for complete financial statements. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2018 , which are included in our Annual Report on Form 20-F. Significant accounting policies The accounting policies adopted in the preparation of the unaudited condensed consolidated financial statements are consistent with those followed in the preparation of our audited consolidated financial statements for the year ended December 31, 2018 , except for our accounting policy for “Leases” that changed as a result of adopting the requirements of Accounting Standards Updates ("ASU") 2016-02 “Leases (Topic 842)” (hereafter, ASC 842). Our revenue contracts and related expense recognition Contracts relating to our LNG carriers and FSRUs can take the form of operating leases, finance leases (sales-type lease or direct financing lease) and management agreements. Although the substance of these contracts are similar, the accounting treatment varies. We outline our policies for determining the appropriate U.S. GAAP treatment below. Lease accounting versus revenue accounting To determine whether a contract conveys a lease agreement for a period of time, we assessed whether, throughout the period of use, the customer has both of the following: • the right to obtain substantially all of the economic benefits from the use of the identified asset; and • the right to direct the use of that identified asset. If a contract relating to an asset, fails to give the customer both of the above rights, we account for the agreement as a revenue contract. A contract relating to an asset will generally be accounted for as a revenue contract if the customer does not contract for substantially all of the capacity of the asset (i.e. another third party could contract for a meaningful amount of the asset capacity). Where we provide services unrelated to an asset contract, we account for the contract as a revenue contract. Lease accounting When a contract is designated as a lease, we make an assessment on whether the contract is an operating or sales-type lease. An agreement will be a sales-type lease if any of the following conditions are met; • ownership of the asset is transferred at the end of the lease term; • the contract contains an option to purchase the asset which is reasonably certain to be exercised; • the lease term is for a major part of the remaining useful life of the contract, although contracts entered into the last 25% of the asset’s useful life are not subject to this criterion; • the discounted value of the fixed payments under the lease represent substantially all of the fair value of the asset; or • the asset is heavily customized such that it could not be used for another charter at the end of the term. Lessor accounting In making the classification assessment, we estimate the residual value of the underlying asset at the end of the lease term with reference to broker valuations. None of our lease contracts contain residual value guarantees, any purchase options are disclosed in note 8. Agreements with renewal and termination options in the control of the lessee are included together with the non-cancellable contract period in the lease term when “reasonably certain” to be exercised or if controlled by the lessor. The determination of reasonably certain depends on whether the lessee has an economic incentive to exercise the option. Generally, lease accounting commences when the asset is made available to the customer, however, where the contract contains specific customer acceptance testing conditions, lease accounting will not commence until the asset has successfully passed the acceptance test. We assess a lease under the modification guidance when there is change to the terms and conditions of the contract that results in a change in the scope or the consideration of the lease. Costs directly associated with the execution of the lease or costs incurred after lease inception or the execution of the contract but prior to the commencement of the lease that directly relate to preparing the asset for the lease (i.e. bunker costs), are capitalized and amortized to the consolidated statements of operations over the lease term. We also defer upfront revenue payments (i.e. repositioning fees) to the consolidated balance sheet and amortize to the consolidated statements of operations over the lease term. Fixed revenue from operating leases is accounted for on a straight line basis over the life of the lease; while variable revenue is accounted for as incurred in the relevant period. Fixed revenue includes fixed payments (including in-substance fixed payments that are unavoidable) and variable payments based on a rate or index. For our operating leases, we have elected the practical expedient to combine our service revenue and operating lease income as the timing and pattern of transfer of the components are the same. On inception of a sales-type lease for which we are lessor, we de-recognize the related asset and record "Net investment in leased vessel” on our consolidated balance sheet. The net investment in leased vessel represents the fixed payments due from the lessee, discounted at the rate implicit in the lease. We allocate sales-type lease income to the consolidated statements of operations in the "Interest income” line item to reflect a constant periodic rate of return on our sales-type lease investment. Use of estimates The preparation of financial statements requires that management make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As of September 30, 2019 , we leased one (December 31, 2018: one

RECENTLY ISSUED ACCOUNTING STAN

RECENTLY ISSUED ACCOUNTING STANDARDS	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS Adoption of new accounting standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02 Leases (Topic 842) along with subsequent amendments ASU 2019-20 Leases (Topic 842): Narrow scope improvements for lessors in December 2018 and ASU 2019-01 Leases (Topic 842): Codification improvements in March 2019. Topic 842 modifies the definition of a lease, requires reassessment of the lease term upon the occurrence of certain triggers and introduces new disclosures. Lessors are required to classify leases as sales-type, direct financing or operating, with classification affecting the pattern of income recognition and provides guidance for sale and leaseback transactions. Topic 842 requires a lessee to recognize leases on its balance sheet by recording a lease liability (representing the obligation to make future lease payments) and a right of use asset (representing the right to use the asset for the lease term). Leases for lessees will be classified as either financing or operating with classification affecting the pattern of expense recognition in the income statement. We adopted this Topic 842 on January 1, 2019 under a modified retrospective transition approach. The Partnership does not have any lessee contracts, therefore the adoption solely impacts the contracts where we are the lessor. We have elected to use the ‘package’ of practical expedients available, which means no reassessment on transition of whether an agreement contains a lease, lease classification, and initial direct costs under ASC 842. As part of this package the lease term has been determined using hindsight up to the date of transition when considering lessee options to extend or terminate the agreement or to purchase the underlying asset. Furthermore, where available we have elected not to separate the components in our lease arrangements, instead accounting for them as a combined component under ASC 842. Our election of the practical expedient providing transition relief will result in our prior periods not being restated and will continue to be represented in accordance with Topic 840. Our legacy leases will continue to be classified in accordance with Topic 840, while modifications and subsequent accounting will follow the accounting under Topic 842. Leases entered into on or after January 1, 2019 have been assessed under the requirements of Topic 842. New lessor presentation and disclosure requirements have been applied to our new and existing lease agreements. Note 8 to the condensed consolidated financial statements discloses the maturity analysis of operating lease payments under arrangements where we are the lessor. In July 2018, the FASB issued ASU 2018-09 Codification improvements . The amendments in this ASU cover a wide range of topics covering primarily minor corrections, clarifications and codification improvements. We adopted the codification improvements that were not effective on issuance on January 1, 2019 under the specified transition approach connected with each of the codification improvements. The impact of this amendment has not had a material impact on our consolidated financial statements or related disclosures, including retained earnings as 1 January 2019. Accounting pronouncements that have been issued but not adopted The following table provides a brief description of recent accounting standards that have been issued but not yet adopted: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and subsequent amendments, including ASU 2018-19 & ASU 2019-04 Codification Improvements to Topic 326 "Financial Instruments-Credit Losses" Replaces the incurred loss impairment methodology with an expected loss methodology that requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. January 1, 2020 Under evaluation ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement Removes some disclosure requirements relating to transfers between Level 1 and Level 2 of the FV hierarchy. Introduces new disclosure requirements for Level 3 measurements January 1, 2020 No material impact on our disclosure requirements as we have no Level 3 measurements. ASU 2018-17 Consolidation (Topic 810) - Targeted Improvements to Related Party Guidance for Variable Interest Entities For the purposes of determining whether a decision making fee is a variable interest, a company is now required to consider indirect interests held through related parties under common control on a proportionate basis as opposed to as a direct investment in the entity. January 1, 2020 No impact on consolidation assessments.

VARIABLE INTEREST ENTITIES ("VI

VARIABLE INTEREST ENTITIES ("VIEs")	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES (VIEs)	VARIABLE INTEREST ENTITIES (“VIEs”) Eskimo SPV As of September 30, 2019 , we leased one vessel from a VIE under a finance lease with a wholly-owned subsidiary, Sea 23 Leasing Co. Limited (“Eskimo SPV”) of China Merchants Bank Leasing (“CMBL”). Eskimo SPV is a special purpose vehicle (SPV). In November 2015, we sold the Golar Eskimo to Eskimo SPV and subsequently leased back the vessel under a bareboat charter for a term of 10 years . From the third year anniversary of the commencement of the bareboat charter, we have an annual option to repurchase the vessel at fixed pre-determined amounts, with an obligation to repurchase the vessel at the end of the ten year lease period. While we do not hold any equity investment in Eskimo SPV, we have determined that we have a variable interest in Eskimo SPV and that Eskimo SPV is a VIE. Based on our evaluation of the bareboat agreement we have concluded that we are the primary beneficiary of Eskimo SPV and, accordingly, have consolidated Eskimo SPV into our financial results. We did not record any gain or loss from the sale of the Golar Eskimo to Eskimo SPV. We continued to report the vessel in our consolidated financial statements at the same carrying value, as if the sale had not occurred, and our contractual debt with the Eskimo SPV eliminates on consolidation. The equity attributable to CMBL in Eskimo SPV is included in non-controlling interests in our consolidated results. As of September 30, 2019 , the Golar Eskimo is reported under “Vessels and equipment, net” in our consolidated balance sheet. The following table gives a summary of the sale and leaseback arrangement, including repurchase options and obligation as of September 30, 2019 : Vessel Effective from Sales value (in $ millions) Subsequent repurchase option (in $ millions) Subsequent repurchase option Repurchase obligation at end of lease term (in $ millions) End of lease term Golar Eskimo November 2015 285.0 214.4 November 2019 128.3 November 2025 A summary of our payment obligations under the bareboat charter with Eskimo SPV as of September 30, 2019 is shown below: (in thousands of $) 2019 (1) 2020 2021 2022 2023 After 2023 Golar Eskimo* 6,101 23,001 21,801 20,951 20,224 35,268 (1) For the three months ending December 31, 2019. *This payment obligation table above includes variable rental payments due under the lease based on an assumed LIBOR plus margin, but excludes the repurchase obligation at the end of the lease term. The most significant impact of Eskimo SPV’s liabilities on our condensed consolidated balance sheet is as follows: (in thousands of $) September 30, 2019 December 31, 2018 Liabilities Short-term debt 11,545 11,836 Long-term debt 173,902 187,401 The most significant impact of consolidation of Eskimo SPV’s operations on our condensed consolidated statement of operations is interest expense of $1.8 million and $6.0 million for the three and nine months ended September 30, 2019 , respectively and $1.8 million and $5.8 million for the three and nine months ended September 30, 2018 , respectively. The most significant impact of consolidation of Eskimo SPV’s cash flows on our condensed consolidated statement of cash flows is net cash of $4.6 million and $13.8 million used in financing activities for the three and nine months ended September 30, 2019 , respectively, and $4.9 million and $8.2 million for the three and nine months ended September 30, 2018 , respectively. Hilli LLC On July 12, 2018, we acquired an interest in the Hilli through the acquisition of 50% of the Hilli Common Units. Concurrently with the closing of the Hilli Acquisition, we have determined that (i) Hilli LLC is a VIE, (ii) Golar is the primary beneficiary and retains sole control over the most significant activities and the greatest exposure to variability in residual returns and expected losses from the Hilli and (iii) we are not the primary beneficiary. Thus, Hilli LLC was not consolidated into our financial statements. Refer to note 9 for summarized financial information of Hilli LLC. As of September 30, 2019 , our maximum exposure as a result of our ownership in the Hilli LLC is the carrying value of our investment in affiliate of $196.0 million (see note 9) and the outstanding portion of the Hilli Facility which we have guaranteed (see note 13). PT Golar Indonesia We consolidated PT Golar Indonesia (“PTGI”), which owns the NR Satu , in our consolidated financial statements effective September 28, 2011. PTGI became a VIE and we became its primary beneficiary upon our agreement to acquire all of Golar’s interests in certain subsidiaries that own and operate the NR Satu on July 19, 2012. We consolidate PTGI as we hold all of the voting stock and control all of the economic interests in PTGI.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION A segment is a distinguishable component of the business that is engaged in business activities from which we earn revenues and incur expenses whose operating results are regularly reviewed by the chief operating decision maker, and which are subject to risks and rewards that are different from those of other segments. On May 15, 2019, we executed a modification to the charter for the Golar Freeze (the "Golar Freeze Charter") which triggered a change in accounting for the Golar Freeze Charter from an operating lease to a sales-type lease ("Golar Freeze Finance Lease"). Following this change, management changed the metric by which it measures the profitability of our segments from EBITDA to Adjusted EBITDA to reflect the change in accounting treatment of this contract and enable the comparability with the rest of the business. This led to a change in the information that management required to manage both the standalone segments and our overall businesses. As of September 30, 2019 , we operate in the following three reportable segments: LNG carriers, FSRUs and FLNG. • LNG carriers are vessels that transport LNG and are compatible with many LNG loading and receiving terminals globally. Four of our vessels are LNG carriers; • FSRUs are vessels that are permanently located offshore to regasify LNG. Six of our vessels are FSRUs; and • FLNG is a vessel that is moored above an offshore natural gas field on a long-term basis. The vessel produces, liquefies and stores LNG at sea and transfers it to LNG carriers that berth while offshore. There are no transactions between reportable segments. Three Months Ended September 30, 2019 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 63,490 12,328 26,018 — 101,836 (26,018 ) 75,818 Vessel operating expenses (9,542 ) (5,198 ) (5,686 ) — (20,426 ) 5,686 (14,740 ) Voyage and commission expenses (1,002 ) (683 ) — — (1,685 ) — (1,685 ) Administrative expenses (4) (1,870 ) (1,240 ) (223 ) — (3,333 ) 223 (3,110 ) Amount invoiced under sales-type lease 4,600 — — — 4,600 (4,600 ) — Adjusted EBITDA 55,676 5,207 20,109 — 80,992 (24,709 ) 56,283 Balance sheet (at end of period): Total assets (5) 1,090,228 516,802 196,045 318,558 2,121,633 — 2,121,633 Nine Months Ended September 30, 2019 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 181,719 41,370 78,054 — 301,143 (78,054 ) 223,089 Vessel operating expenses (31,405 ) (15,058 ) (17,802 ) — (64,265 ) 17,802 (46,463 ) Voyage and commission expenses (3,236 ) (1,928 ) (230 ) — (5,394 ) 230 (5,164 ) Administrative expenses (4) (6,194 ) (4,033 ) (730 ) — (10,957 ) 730 (10,227 ) Amount invoiced under sales-type lease 6,900 — — — 6,900 (6,900 ) — Adjusted EBITDA 147,784 20,351 59,292 — 227,427 (66,192 ) 161,235 Three Months Ended September 30, 2018 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 96,836 11,396 23,736 — 131,968 (23,736 ) 108,232 Vessel operating expenses (10,317 ) (6,055 ) (5,049 ) — (21,421 ) 5,049 (16,372 ) Voyage and commission expenses (1,146 ) (1,166 ) (655 ) — (2,967 ) 655 (2,312 ) Administrative expenses (4) (1,810 ) (1,134 ) (1,063 ) — (4,007 ) 1,063 (2,944 ) Adjusted EBITDA 83,563 3,041 16,969 — 103,573 (16,969 ) 86,604 Balance sheet (at end of period): Total assets (5) 1,112,411 537,239 208,554 404,667 2,262,871 — 2,262,871 Nine Months Ended September 30, 2018 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 232,370 34,277 23,736 — 290,383 (23,736 ) 266,647 Vessel operating expenses (32,755 ) (16,623 ) (5,049 ) — (54,427 ) 5,049 (49,378 ) Voyage and commission expenses (3,898 ) (3,343 ) (655 ) — (7,896 ) 655 (7,241 ) Administrative expenses (4) (6,479 ) (3,661 ) (1,063 ) — (11,203 ) 1,063 (10,140 ) Adjusted EBITDA 189,238 10,650 16,969 — 216,857 (16,969 ) 199,888 (1) Relates to the effective revenues, expenses and EBITDA attributable to our 50% ownership of the Hilli Common Units that was acquired in July 2018 (see note 9). The earnings attributable to our investment in Hilli LLC is reported in the equity in net earnings of affiliate on our consolidated income statement. (2) Relates to assets not allocated to a segment, but included to reconcile to the total assets in our consolidated balance sheet. (3) Eliminations reverse the effective earnings attributable to our 50% ownership of the Hilli Common Units and the amounts invoiced under the sales-type lease. (4) Indirect administrative expenses are allocated to the FSRU and LNG carrier segments based on the number of vessels while administrative expenses for FLNG relates to our effective share of expenses attributable to our 50% ownership of the Hilli Common Units. (5)

LOSSES_GAINS ON DERIVATIVES AND

LOSSES/GAINS ON DERIVATIVES AND OTHER FINANCIAL ITEMS, NET	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
LOSSES/GAINS ON DERIVATIVES AND OTHER FINANCIAL ITEMS, NET	LOSSES/GAINS ON DERIVATIVES AND OTHER FINANCIAL ITEMS, NET Three Months Ended September 30, Nine Months Ended September 30, (in thousands of $) 2019 2018 2019 2018 Mark-to-market (losses)/gains for interest rate swaps (10,860 ) 7,523 (53,836 ) 26,044 Net interest income on un-designated interest rate swaps 923 915 5,430 830 Unrealized mark-to-market gains on Earn-Out units — 2,900 — 7,400 (Losses)/gains on derivative instruments (9,937 ) 11,338 (48,406 ) 34,274 Amortization of debt guarantee (see note 13) 510 — 1,579 — Foreign exchange gains/(losses) on capital lease obligation and related restricted cash 249 263 (351 ) 781 Foreign exchange (losses) on operations (15 ) (367 ) (23 ) (890 ) Financing arrangement fees and other costs (203 ) (441 ) (448 ) (1,006 ) Other financial items, net 541 (545 ) 757 (1,115 ) (Losses)/gains on derivatives and Other financial items, net (9,396 ) 10,793 (47,649 ) 33,159

TAXATION

TAXATION	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
TAXATION	TAXATION As of September 30, 2019 , a net deferred tax liability of $10.1 million ( $7.0 million at December 31, 2018 ) was recognized due to the deferred tax liability arising from tax depreciation being in excess of the accounting depreciation for the Golar Eskimo . Tax charge The tax charge for the three and nine months ended September 30, 2019 included current tax charges in respect of our operations in the United Kingdom, Brazil, Kuwait, Indonesia, Jordan and Barbados. The total tax charge includes a net deferred tax charge in relation to the tax depreciation in excess of accounting depreciation for Jordan of $0.5 million and $1.5 million for the three and nine months ended September 30, 2019 , respectively, and $0.4 million and $1.1 million for the three and nine months ended September 30, 2018 , respectively. In addition, Jordan introduced a new solidarity tax applicable from 2019 of 1% which we believe applies to our Jordan branch. Therefore, a further $ nil and $1.4 million deferred tax charge was recognized for the three and nine months ended September 30, 2019 , respectively. All tax losses were utilized in 2018, hence, there is no related deferred tax charge for the three and nine months ended September 30, 2019 , respectively ( $0.1 million and $0.2 million of deferred tax charge was recognized for the three and nine months ended September 30, 2018 , respectively). Uncertain tax positions As of September 30, 2019 , we recognized a provision of $5.5 million ( December 31, 2018 : $4.7 million

OPERATING LEASES

OPERATING LEASES	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
OPERATING LEASES	OPERATING LEASES The minimum contractual future rentals under non-cancellable leases represent revenues to be recognized on a straight line basis for each of the following periods, as of September 30, 2019 : Year ending December 31, 2019 (1) 67,841 2020 221,311 2021 213,199 2022 213,199 2023 and thereafter 267,885 Total 983,435 (1) For the three months ending December 31, 2019. Minimum lease rentals under non-cancellable leases are calculated based on contractual future revenue expected to be recognized on a straight-line basis over the lease term with certain assumptions such as those relating to expected off-hire days. PT Nusantara Regas (“PTNR”) has the right to purchase the NR Satu at any time after the first anniversary of the commencement date of its charter at a price that must be agreed upon between us and PTNR. We have assumed that this option will not be exercised. Accordingly, the minimum lease rentals set out above include revenues arising within the option period. The Hashemite Kingdom of Jordan (“Jordan”) has the option, for a termination fee, to terminate the charter after the fifth anniversary of the delivery date of the Golar Eskimo . The minimum contractual future revenues above assume that this option will not be exercised. All our vessels are held for contractual future leasing, as such the cost and accumulated depreciation of vessels, all relates to arrangements under third party operating leases. For arrangements where operating costs are borne by the charterer on a pass through basis, the pass through of operating costs is reflected in both revenue and expenses. The components of operating lease income were as follows: (in thousands of $) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease income 73,794 218,683 Variable lease income (1) — 1,393 Total operating lease income 73,794 220,076 (1) ‘Variable lease income’ is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable leases.

INVESTMENTS IN AFFILIATES

INVESTMENTS IN AFFILIATES	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN AFFILIATES	INVESTMENT IN AFFILIATE The components of our equity method investment in Hilli LLC are as follows: (in thousands of $) Equity in net assets of affiliate at January 1, 2019 206,180 Dividend (Note 13) (12,908 ) Equity in net earnings of affiliate 2,773 Equity in net assets of affiliate at September 30, 2019 196,045 Summarized financial information of Hilli LLC* The following table summarizes the financial information of Hilli LLC shown on a 100% basis as of September 30, 2019 and December 31, 2018: (in thousands of $) Balance at September 30, 2019 Balance at December 31, 2018 Balance sheet Current assets 57,895 124,642 Non-current assets 1,308,377 1,392,711 Current liabilities (49,317 ) (109,773 ) Non-current liabilities (944,482 ) (1,004,184 ) *The summarized financial information of Hilli LLC excludes the Hilli LLC lessor VIE's financial information.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
DEBT	DEBT As of September 30, 2019 and December 31, 2018, we had total long-term debt outstanding of $1,237.1 million and $1,272.4 million , respectively, net of deferred debt financing costs of $7.2 million and $10.8 million , respectively. In May 2015, we completed the issuance and sale of $150 million aggregate principal amount of five years non-amortizing bonds in Norway (the “2015 Norwegian Bonds”). The 2015 Norwegian Bonds mature on May 22, 2020 and bear interest at a rate of LIBOR plus 4.4% . We have also entered into economic hedges that convert the floating rate of the interest obligation under the 2015 Norwegian Bonds to an all-in fixed rate of 6.275% . Management is currently exploring various options to obtain the necessary funds to refinance the maturing bonds. We have a track record of successfully refinancing our debt requirements and we believe that it is probable that we will obtain the necessary funding to meet our payment obligations under the maturing 2015 Norwegian bonds.

NET INVESTMENT IN LEASES (Notes

NET INVESTMENT IN LEASES (Notes)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
NET INVESTMENT IN LEASES	NET INVESTMENT IN LEASED VESSEL On May 15, 2019, we executed a modification to the Golar Freeze Charter which triggered a change in lease classification to a sales-type lease. This classification change resulted in the de-recognition of the vessel asset carrying value, the recognition of net investment in leased vessel (consisting of present value of the future lease receivables and unguaranteed residual value), and a gain on disposal, which is presented in "Other non-operating income" of our consolidated statement of operations. Post modification to sales-type lease, all charter hire revenue from the Golar Freeze Finance Lease is to be recognized as interest income. We recognized interest income of $4.1 million and $5.4 million for the three and nine months ended September 30, 2019 ( September 30, 2018 : nil ). The following table lists the components of our net investment in leased vessel and the maturity profile of the undiscounted lease receivables: Year ending December 31, 2019 (1) 4,600 2020 18,300 2021 18,250 2022 18,250 2023 and thereafter 207,600 Total minimum lease receivable 267,000 Unguaranteed residual value 16,000 Gross investment in sales-type lease 283,000 Less: unearned interest income (168,309 ) Net investment in leased vessel 114,691 Less: current portion of Net investment in leased vessel (2,229 ) Non-current portion of Net investment in leased vessel 112,462 (1) For the three months ending December 31, 2019. The charter includes an option after 3 years for the charterer to terminate the contract and seek an alternative regasification solution, but only in the event that certain throughput targets have not been met. Additionally, we will have a matching right to provide such alternative solution. The charter also includes a 5 -year extension option.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS Interest rate risk management In certain situations, we may enter into financial instruments to reduce the risk associated with fluctuations in interest rates. We have entered into swaps that convert floating rate interest obligations to fixed rates, which, from an economic perspective, hedge our interest rate exposure. We do not hold or issue instruments for speculative or trading purposes. The counterparties to such contracts are major banking and financial institutions. Credit risk exists to the extent that the counterparties are unable to perform under the contracts; however, we do not anticipate non-performance by any of our counterparties. We manage our debt and capital lease portfolio with interest rate swap agreements in U.S. dollars to achieve an overall desired position of fixed and floating interest rates. Fair values We recognize our fair value estimates using a fair value hierarchy based on the inputs used to measure fair value. The fair value hierarchy has three levels based on reliability of inputs used to determine fair value as follows: Level 1: Quoted market prices in active markets for identical assets and liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The carrying value and estimated fair value of our financial instruments as of September 30, 2019 and December 31, 2018 are as follows: September 30, 2019 December 31, 2018 (in thousands of $) Fair value Hierarchy Carrying Value Fair Value Carrying Value Fair Value Non-Derivatives: Cash and cash equivalents Level 1 51,961 51,961 96,648 96,648 Restricted cash and short-term deposits Level 1 178,697 178,697 172,444 172,444 2015 and 2017 Norwegian Bonds (1) Level 1 (400,000 ) (399,863 ) (400,000 ) (396,843 ) Short and long-term debt — floating (2) Level 2 (844,247 ) (844,247 ) (883,100 ) (883,100 ) Obligation under capital lease (2) Level 2 (114,230 ) (114,230 ) (119,683 ) (119,683 ) Derivatives: Interest rate swaps asset (3) Level 2 1,646 1,646 17,617 17,617 Interest rate swaps liability (3) Level 2 (46,618 ) (46,618 ) (8,753 ) (8,753 ) (1) This pertains to the 2015 and 2017 Norwegian bonds with a carrying value of $400.0 million as of September 30, 2019 (December 31, 2018: $400.0 million ), which are included under long-term debt on the balance sheet. The fair value of the bonds as of September 30, 2019 was $399.9 million (December 31, 2018: $396.8 million ), which is 99.97% of their face value (December 31, 2018: 99.21% ). (2) Our short-term and long-term debt and capital lease obligations are recorded at amortized cost in the consolidated balance sheets. The long-term debt is presented gross of deferred financing cost of $7.2 million as of September 30, 2019 (December 31, 2018: $10.8 million ). (3) Derivative liabilities are captured within other current liabilities and derivative assets are captured within long-term assets on the balance sheet. The credit exposure of interest rate swap agreements is represented by the fair value of contracts with a positive fair value at the end of each period, reduced by the effects of master netting agreements. It is our policy to enter into master netting agreements with the counterparties to derivative financial instrument contracts, which give us the legal right to discharge all or a portion of amounts owed to that counterparty by offsetting them against amounts that the counterparty owes to us. We have elected not to offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable master netting arrangements. However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in our consolidated balance sheets as of September 30, 2019 and December 31, 2018 would be adjusted as detailed in the following table: September 30, 2019 December 31, 2018 (in thousands of $) Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Total asset derivatives 1,646 (1,322 ) 324 17,617 (3,281 ) 14,336 Total liability derivatives (46,618 ) 1,322 (45,296 ) (8,753 ) 3,281 (5,472 ) As of September 30, 2019 , we have entered into the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below: Instrument (in thousands of $) Notional amount Maturity Dates Fixed Interest Rates Interest rate swaps: Receiving floating, pay fixed 1,722,957 2019 to 2026 1.07 % to 2.90%

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Net (expense)/income from related parties: Three Months Ended September 30, Nine Months Ended (in thousands of $) 2019 2018 2019 2018 Transactions with Golar and affiliates: Management and administrative services fees (a) (2,448 ) (1,901 ) (7,195 ) (5,778 ) Ship management fees (b) (1,115 ) (1,300 ) (3,345 ) (3,900 ) Income on deposits paid to Golar (c) — 295 — 4,779 Distributions with Golar, net (d) (3,163 ) (11,142 ) (14,572 ) (37,318 ) Receivables/(payables) with related parties: As of September 30, 2019 and December 31, 2018 , balances with related parties consisted of the following: (in thousands of $) September 30, December 31, Balances due from/(to) Golar and affiliates (e) 3,558 (4,091 ) Methane Princess lease security deposit movements (f) 2,406 2,854 Total 5,964 (1,237 ) (a) Management and administrative services fees- We are party to a management and administrative services agreement with Golar Management Limited (“Golar Management”), a wholly-owned subsidiary of Golar, pursuant to which Golar Management provides to us certain management and administrative services. The services provided by Golar Management are charged at cost plus a management fee equal to 5% of Golar Management’s costs and expenses incurred in connection with providing these services. We may terminate the agreement by providing 120 days’ written notice. (b) Ship management fees - Golar and certain of its affiliates charged ship management fees to us for the provision of technical and commercial management of the vessels. Each of our vessels is subject to management agreements pursuant to which certain commercial and technical management services are provided by certain subsidiaries of Golar, including Golar Management. We may terminate these agreements by providing 30 days ’ written notice. (c) Income on deposits paid to Golar - In May 2016, we completed the acquisition from Golar of Tundra Corp. (“Tundra Corp”), the owner of the Golar Tundra (the “Tundra Acquisition”), and paid total cash purchase consideration of $107.2 million . In May 2017, we elected to exercise our right (the “Tundra Put Right”) to require Golar to repurchase Tundra Corp at a price equal to the original purchase price. In connection with the exercise of the Tundra Put Right, we and Golar entered into an agreement pursuant to which we agreed to sell Tundra Corp to Golar on the date of the closing of the sale to Golar of Tundra Corp pursuant to the Tundra Put Option (the “Put Sale Closing Date”) on October 17, 2017 in return for Golar's promise to pay an amount equal to $107.2 million (the “Deferred Purchase Price”) plus an additional amount equal to 5% per annum of the Deferred Purchase Price (the “Additional Amount”). The Deferred Purchase Price and the Additional Amount was applied to the net purchase price of the Hilli Acquisition on July 12, 2018. On August 15, 2017, Golar Partners Operating LLC, our wholly owned subsidiary, entered into a purchase and sale agreement (the “Hilli Purchase Agreement”) for the Hilli Acquisition from Golar and affiliates of Keppel and B&V of Common Units in Hilli LLC, which indirectly owns the Hilli . The Hilli Common Units we acquired represent the equivalent of 50% of the two liquefaction trains, out of a total of four , that are currently contracted to the Customer under the LTA. Concurrently with the execution of the Hilli Purchase Agreement, we paid a $70 million deposit to Golar, upon which we received interest at a rate of 5% per annum. We applied the deposit and interest accrued to the purchase price on July 12, 2018, upon completion of the Hilli Acquisition. We recognized $ nil for both the three and nine months ended September 30, 2019 , and $0.3 million and $4.8 million for the three and nine months ended September 30, 2018 , respectively, from the above arrangements as interest income on the Deferred Purchase Price and $70 million deposit. (d) Distributions with Golar, net - During the three and nine months ended September 30, 2019 and 2018, we paid total distributions to Golar of $9.2 million and $27.5 million , and $13.1 million and $39.3 million , respectively, in respect of the Common Units and General Partner units owned by it. During the three and nine months ended September 30, 2019 and 2018, Hilli LLC declared quarterly distributions totaling $6.0 million and $12.9 million , and $1.9 million and $1.9 million , respectively, in respect of the Hilli Common Units owned by us. As of September 30, 2019 and December 31, 2018 , we have a dividend receivable of $4.0 million and $3.6 million , respectively. (e) Balances due from/(to) Golar and its affiliates - Receivables and payables with Golar and its affiliates primarily comprise of unpaid fees and expenses for management and administrative services and vessel management services performed by Golar and its affiliates, dividends due in respect of the Hilli Common Units, and other related party arrangements. In addition, certain receivables and payables arise when we pay an invoice on behalf of a related party and vice versa. Receivables and payables are generally settled quarterly in arrears. Trading balances due from Golar and its affiliates are unsecured, interest-free and intended to be settled in the ordinary course of business. (f) Methane Princess lease security deposit movements - This represents net advances to Golar since our initial public offering in April 2011, which correspond with the net release of funds from the security deposits held relating to the Methane Princess lease. This is in connection with the Methane Princess tax lease indemnity provided by Golar under the Omnibus Agreement that we entered into with Golar at the time of our initial public offering. Accordingly, these amounts held with Golar will be settled as part of the eventual termination of the Methane Princess lease. Other transactions Agency agreement with PT Pesona Sentra Utama (or PT Pesona) - PT Pesona, an Indonesian company, owns 51% of the issued share capital in our subsidiary, PTGI, the owner and operator of NR Satu , and provides agency and local representation services for us with respect to NR Satu . During the three and nine months ended September 30, 2019 and 2018 , PT Pesona received an agency fee of $0.1 million and $0.4 million , and $0.1 million and $0.8 million , respectively. Hilli guarantees (in connection with the Hilli Acquisition) (i) Debt Hilli Corp is a party to a Memorandum of Agreement, dated September 9, 2015, with Fortune Lianjiang Shipping S.A., a subsidiary of China State Shipbuilding Corporation (“Fortune”), pursuant to which Hilli Corp has sold to and leased back from Fortune the Hilli under a 10 -year bareboat charter agreement (the “Hilli Facility”). The Hilli Facility provided for post-construction financing for the Hilli in the amount of $960 million . Under the Hilli Facility, Hilli Corp will pay to Fortune forty consecutive equal quarterly repayments of 1.375% of the construction cost, plus interest based on LIBOR plus a margin of 3.95% . In connection with the closing of the Hilli Acquisition, we agreed to provide a several guarantee (the “Partnership Guarantee”) of 50% of the outstanding principal, interest, expenses and other amounts payable by Hilli Corp under the Hilli Facility pursuant to a Deed of Amendment, Restatement and Accession relating to a guarantee between Golar, Fortune and us dated July 12, 2018. We entered into a $480.0 million interest rate swap in relation to our proportionate share of the obligation under the Hilli Facility. (ii) Letter of credit On November 28, 2018, we entered into an agreement to guarantee (the “LOC Guarantee”) the letter of credit issued by a financial institution in the event of Hilli Corp’s underperformance or non-performance under the liquefaction tolling agreement for the Hilli. Under the LOC Guarantee, we are severally liable for any outstanding amounts that are payable, based on the percentage ownership that Golar holds in us, multiplied by our percentage ownership in Hilli Common Units. Pursuant to the Partnership Guarantee and the LOC Guarantee, we are required to comply with the following covenants: • free liquid assets of at least $30 million throughout the Hilli facility period; • a maximum net debt to EBITDA ratio for the previous 12 months of 6.5 :1; and • a consolidated tangible net worth of $123.95 million . As of September 30, 2019 , the amount we have guaranteed under the Partnership Guarantee and the LOC Guarantee is $430.5 million , and the fair value of debt guarantee, presented under "Other current liabilities" and "Other non-current liabilities" of our consolidated balance sheet, amounting to $1.8 million and $6.9 million , respectively. We are in compliance with the covenants for both Hilli guarantees.

OTHER COMMITMENTS AND CONTINGEN

OTHER COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
OTHER COMMITMENTS AND CONTINGENCIES	OTHER COMMITMENTS AND CONTINGENCIES Assets pledged (in thousands of $) September 30, 2019 December 31, 2018 Book value of vessels secured against long-term loans and capital lease (1) 1,479,924 1,517,297 (1) Includes Net investment in leased vessel relating to the Golar Freeze of $114.7 million . Other contractual commitments and contingencies Insurance We insure the legal liability risks for our shipping activities with Gard and Skuld, which are mutual protection and indemnity associations. As a member of a mutual association, we have inquired to the associations based on our claims record in addition to the claims records of all other members of the association. A contingent liability exists to the extent that the claims records of the members of the association in the aggregate show significant deterioration, which results in additional premiums on the members. Tax lease benefits As of September 30, 2019 , we have one UK tax lease (relating to the Methane Princess ). A termination of this lease would realize the accrued currency gain or loss recorded against the lease liability, net of the restricted cash. As of September 30, 2019 , there was a net accrued gain of approximately $1.8 million . Under the terms of the leasing arrangement, the benefits are derived primarily from the tax depreciation assumed to be available to the lessor as a result of their investment in the vessel. As is typical in these leasing arrangements, as the lessee, we are obligated to maintain the lessor’s after-tax margin. Accordingly, in the event of any adverse tax changes or a successful challenge by the UK Tax Authorities (“HMRC”) with regard to the initial tax basis of the transactions, or in the event of an early termination of the Methane Princess lease or in relation to the other vessels previously financed by UK tax leases, we may be required to make additional payments principally to the UK vessel lessor. We would be required to return all, or a portion of, or in certain circumstances significantly more than the upfront cash benefits that Golar received in respect of the lease financing transaction. HMRC has been challenging the use of similar lease structures and has been engaged in litigation of a test case for some years. In August 2015, following an appeal to the Court of Appeal by the HMRC which set aside previous judgments in favor of the tax payer, the First Tier Tribunal (“UK court”) ruled in favor of HMRC. The judgments of the First Tier Tribunal do not create binding precedent for other UK court decisions and therefore the ruling in favor of HMRC is not binding in the context of our leases. Further, we consider there are differences in the fact pattern and structure between this test case and our leasing arrangements and therefore, the judgement is not necessarily indicative of any outcome should HMRC challenge us. HMRC have written to our lessor to indicate that they believe the Methane Princess lease may be similar to the lease in the case noted above, however we remain confident that our fact pattern is sufficiently different. We have reviewed the details of the case and the basis of the judgment with our legal and tax advisers to ascertain what impact, if any, the judgment may have on us and the possible range of exposure has been estimated at approximately nil to $30 million ( £23.0 million ). Golar's discussions with HMRC on this matter have concluded without agreement and Golar expects to receive a closure notice to the inquiry, which will state the basis of HMRC’s position. Accordingly, Golar is determining how best to proceed in conjunction with the lessor, whilst contemporaneously obtaining supplementary legal advice in addition to the advice previously received. We remain confident of our position, however given the complexity of these discussions it is impossible to quantify the reasonably possible loss, and we continue to estimate the possible range of exposures as set out above. However, under the indemnity provisions of the Omnibus Agreement, Golar has agreed to indemnify us against any liabilities incurred as a consequence of a successful challenge by the UK Revenue Authorities with regard to the initial tax basis of the Methane Princess lease and in relation to other vessels previously financed by UK tax leases. Legal proceedings and claims We may, from time to time, be involved in legal proceedings and claims that arise in the ordinary course of business. A provision will be recognized in the financial statements only where we believe that a liability will be probable and for which the amounts are reasonably estimable, based upon the facts known prior to the issuance of the financial statements. In November and December 2015, the Indonesian tax authorities issued letters to our subsidiary, PTGI, to, among other things, revoke a previously granted VAT importation waiver in the approximate amount of $24.0 million for the NR Satu . In April 2016, PTGI initiated an action in the Indonesian tax court to dispute the waiver cancellation. The final hearing took place in June 2016 and we received the verdict of the Tax Court in November 2017, which rejected PTGI’s claim. In February 2018, PTGI filed a Judicial Review with the Supreme Court of Indonesia, but in December 2018, the Supreme Court of Indonesia ruled against PTGI with regards the validity of waiver cancellation. However, we do not believe it probable that a liability exists as a result of this ruling, as no Tax Underpayment Assessment Notice has been received within the statute of limitations period. Should we receive such notice from the tax authorities, we intend to challenge the legality of the assessment. In any event, we believe PTGI will be indemnified by PTNR for any VAT liability as well as related interest and penalties under our time charter party agreement entered into with them.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
EQUITY	EQUITY The following table summarizes our repurchase of Common Units during the three and nine months ended September 30, 2019 : Date Number of Common Units Repurchased Unit Price Net Cost (in thousands of $) Golar's Ownership after the repurchase (1) August 2019 153,728 $10.19 1,565 32.04% ______________________________ (1) Includes Golar's 2% general partner interest in the Partnership. The following table shows the movement in our number of preferred units, Common Units and general partner ("GP") units during the nine months ended September 30, 2019 : (in units) Preferred units Common Units GP Units As of December 31, 2018 5,520,000 69,455,364 1,436,391 Common units acquired and cancelled — (153,728 ) — As of September 30, 2019 5,520,000 69,301,636 1,436,391

EARNINGS PER UNIT AND CASH DIST

EARNINGS PER UNIT AND CASH DISTRIBUTIONS	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER UNIT AND CASH DISTRIBUTIONS	LOSSES/EARNINGS PER UNIT AND CASH DISTRIBUTIONS The calculations of basic and diluted loss/earnings per common unit are presented below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands of $, except per unit data) 2019 2018 2019 2018 Common unitholders' interest in net income/(loss) 4,808 45,025 (21,213 ) 81,472 Less: distributions paid (1) (39,844 ) (28,213 ) (120,065 ) (109,121 ) (Over)/under distributed earnings (35,036 ) 16,812 (141,278 ) (27,649 ) Basic: Weighted average Common Units outstanding (in thousands) 69,379 69,850 69,429 69,983 Diluted: Weighted average Common Units outstanding (in thousands) 69,379 69,850 69,429 69,983 Common unit and common unit equivalents 69,379 69,850 69,429 69,983 (Loss)/earnings per unit (basic and diluted): Basic - Common unitholders $ 0.07 $ 0.64 $ (0.31 ) $ 1.16 Diluted - Common unitholders $ 0.07 $ 0.64 $ (0.31 ) $ 1.16 Cash distributions declared and paid in the period per common unit (2) : $ 0.40 $ 0.58 $ 1.21 $ 1.73 Subsequent event: Cash distributions declared and paid per common unit relating to the period (3) : $ 0.40 $ 0.40 $ 0.40 $ 0.40 ______________________________________ (1) Refers to distributions made or to be made in relation to the period, irrespective of the declaration and payment dates, and is based on the weighted average number of Common Units outstanding in the period. (2) Refers to cash distributions declared and paid during the period. (3) Refers to cash distributions declared relating to the period and paid subsequent to the period end. As of September 30, 2019 , of our total number of Common Units outstanding, 69.4% were held by the public and the remaining Common Units were held by Golar.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In November 2019, we paid a distribution of $0.4042 per common unit in respect of the quarter ended September 30, 2019 , to unitholders of record as of November 8, 2019 amounting to $28.6 million in the aggregate. We also paid a cash distribution of $0.546875 per Series A Preferred Unit in respect of the period from August 15, 2019 through November 14, 2019 to unitholders of record as of November 8, 2019, amounting to $3.0 million in the aggregate. In November 2019, we borrowed $15.0 million from Golar. The loan is unsecured, repayable in full on December 31, 2019, and bears interest at LIBOR plus 5.0%

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of accounting	Basis of accounting The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The footnotes are condensed as permitted by the requirements for interim financial statements and, accordingly, do not include all of the information and disclosures required under U.S. GAAP for complete financial statements. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2018 , which are included in our Annual Report on Form 20-F.
Lease accounting	Our revenue contracts and related expense recognition Contracts relating to our LNG carriers and FSRUs can take the form of operating leases, finance leases (sales-type lease or direct financing lease) and management agreements. Although the substance of these contracts are similar, the accounting treatment varies. We outline our policies for determining the appropriate U.S. GAAP treatment below. Lease accounting versus revenue accounting To determine whether a contract conveys a lease agreement for a period of time, we assessed whether, throughout the period of use, the customer has both of the following: • the right to obtain substantially all of the economic benefits from the use of the identified asset; and • the right to direct the use of that identified asset. If a contract relating to an asset, fails to give the customer both of the above rights, we account for the agreement as a revenue contract. A contract relating to an asset will generally be accounted for as a revenue contract if the customer does not contract for substantially all of the capacity of the asset (i.e. another third party could contract for a meaningful amount of the asset capacity). Where we provide services unrelated to an asset contract, we account for the contract as a revenue contract. Lease accounting When a contract is designated as a lease, we make an assessment on whether the contract is an operating or sales-type lease. An agreement will be a sales-type lease if any of the following conditions are met; • ownership of the asset is transferred at the end of the lease term; • the contract contains an option to purchase the asset which is reasonably certain to be exercised; • the lease term is for a major part of the remaining useful life of the contract, although contracts entered into the last 25% of the asset’s useful life are not subject to this criterion; • the discounted value of the fixed payments under the lease represent substantially all of the fair value of the asset; or • the asset is heavily customized such that it could not be used for another charter at the end of the term.
Lessor accounting	Our revenue contracts and related expense recognition Contracts relating to our LNG carriers and FSRUs can take the form of operating leases, finance leases (sales-type lease or direct financing lease) and management agreements. Although the substance of these contracts are similar, the accounting treatment varies. We outline our policies for determining the appropriate U.S. GAAP treatment below. Lease accounting versus revenue accounting To determine whether a contract conveys a lease agreement for a period of time, we assessed whether, throughout the period of use, the customer has both of the following: • the right to obtain substantially all of the economic benefits from the use of the identified asset; and • the right to direct the use of that identified asset. If a contract relating to an asset, fails to give the customer both of the above rights, we account for the agreement as a revenue contract. A contract relating to an asset will generally be accounted for as a revenue contract if the customer does not contract for substantially all of the capacity of the asset (i.e. another third party could contract for a meaningful amount of the asset capacity). Where we provide services unrelated to an asset contract, we account for the contract as a revenue contract. Lease accounting When a contract is designated as a lease, we make an assessment on whether the contract is an operating or sales-type lease. An agreement will be a sales-type lease if any of the following conditions are met; • ownership of the asset is transferred at the end of the lease term; • the contract contains an option to purchase the asset which is reasonably certain to be exercised; • the lease term is for a major part of the remaining useful life of the contract, although contracts entered into the last 25% of the asset’s useful life are not subject to this criterion; • the discounted value of the fixed payments under the lease represent substantially all of the fair value of the asset; or • the asset is heavily customized such that it could not be used for another charter at the end of the term. Lessor accounting In making the classification assessment, we estimate the residual value of the underlying asset at the end of the lease term with reference to broker valuations. None of our lease contracts contain residual value guarantees, any purchase options are disclosed in note 8. Agreements with renewal and termination options in the control of the lessee are included together with the non-cancellable contract period in the lease term when “reasonably certain” to be exercised or if controlled by the lessor. The determination of reasonably certain depends on whether the lessee has an economic incentive to exercise the option. Generally, lease accounting commences when the asset is made available to the customer, however, where the contract contains specific customer acceptance testing conditions, lease accounting will not commence until the asset has successfully passed the acceptance test. We assess a lease under the modification guidance when there is change to the terms and conditions of the contract that results in a change in the scope or the consideration of the lease. Costs directly associated with the execution of the lease or costs incurred after lease inception or the execution of the contract but prior to the commencement of the lease that directly relate to preparing the asset for the lease (i.e. bunker costs), are capitalized and amortized to the consolidated statements of operations over the lease term. We also defer upfront revenue payments (i.e. repositioning fees) to the consolidated balance sheet and amortize to the consolidated statements of operations over the lease term. Fixed revenue from operating leases is accounted for on a straight line basis over the life of the lease; while variable revenue is accounted for as incurred in the relevant period. Fixed revenue includes fixed payments (including in-substance fixed payments that are unavoidable) and variable payments based on a rate or index. For our operating leases, we have elected the practical expedient to combine our service revenue and operating lease income as the timing and pattern of transfer of the components are the same. On inception of a sales-type lease for which we are lessor, we de-recognize the related asset and record "Net investment in leased vessel” on our consolidated balance sheet. The net investment in leased vessel represents the fixed payments due from the lessee, discounted at the rate implicit in the lease. We allocate sales-type lease income to the consolidated statements of operations in the "Interest income” line item to reflect a constant periodic rate of return on our sales-type lease investment.
Use of estimates	Use of estimates The preparation of financial statements requires that management make estimates and assumptions affecting the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. As of September 30, 2019 , we leased one (December 31, 2018: one
Adoption of new accounting standards and Accounting pronouncements to be adopted	Adoption of new accounting standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02 Leases (Topic 842) along with subsequent amendments ASU 2019-20 Leases (Topic 842): Narrow scope improvements for lessors in December 2018 and ASU 2019-01 Leases (Topic 842): Codification improvements in March 2019. Topic 842 modifies the definition of a lease, requires reassessment of the lease term upon the occurrence of certain triggers and introduces new disclosures. Lessors are required to classify leases as sales-type, direct financing or operating, with classification affecting the pattern of income recognition and provides guidance for sale and leaseback transactions. Topic 842 requires a lessee to recognize leases on its balance sheet by recording a lease liability (representing the obligation to make future lease payments) and a right of use asset (representing the right to use the asset for the lease term). Leases for lessees will be classified as either financing or operating with classification affecting the pattern of expense recognition in the income statement. We adopted this Topic 842 on January 1, 2019 under a modified retrospective transition approach. The Partnership does not have any lessee contracts, therefore the adoption solely impacts the contracts where we are the lessor. We have elected to use the ‘package’ of practical expedients available, which means no reassessment on transition of whether an agreement contains a lease, lease classification, and initial direct costs under ASC 842. As part of this package the lease term has been determined using hindsight up to the date of transition when considering lessee options to extend or terminate the agreement or to purchase the underlying asset. Furthermore, where available we have elected not to separate the components in our lease arrangements, instead accounting for them as a combined component under ASC 842. Our election of the practical expedient providing transition relief will result in our prior periods not being restated and will continue to be represented in accordance with Topic 840. Our legacy leases will continue to be classified in accordance with Topic 840, while modifications and subsequent accounting will follow the accounting under Topic 842. Leases entered into on or after January 1, 2019 have been assessed under the requirements of Topic 842. New lessor presentation and disclosure requirements have been applied to our new and existing lease agreements. Note 8 to the condensed consolidated financial statements discloses the maturity analysis of operating lease payments under arrangements where we are the lessor. In July 2018, the FASB issued ASU 2018-09 Codification improvements . The amendments in this ASU cover a wide range of topics covering primarily minor corrections, clarifications and codification improvements. We adopted the codification improvements that were not effective on issuance on January 1, 2019 under the specified transition approach connected with each of the codification improvements. The impact of this amendment has not had a material impact on our consolidated financial statements or related disclosures, including retained earnings as 1 January 2019. Accounting pronouncements that have been issued but not adopted The following table provides a brief description of recent accounting standards that have been issued but not yet adopted: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and subsequent amendments, including ASU 2018-19 & ASU 2019-04 Codification Improvements to Topic 326 "Financial Instruments-Credit Losses" Replaces the incurred loss impairment methodology with an expected loss methodology that requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. January 1, 2020 Under evaluation ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement Removes some disclosure requirements relating to transfers between Level 1 and Level 2 of the FV hierarchy. Introduces new disclosure requirements for Level 3 measurements January 1, 2020 No material impact on our disclosure requirements as we have no Level 3 measurements. ASU 2018-17 Consolidation (Topic 810) - Targeted Improvements to Related Party Guidance for Variable Interest Entities For the purposes of determining whether a decision making fee is a variable interest, a company is now required to consider indirect interests held through related parties under common control on a proportionate basis as opposed to as a direct investment in the entity. January 1, 2020 No impact on consolidation assessments.

RECENTLY ISSUED ACCOUNTING ST_2

RECENTLY ISSUED ACCOUNTING STANDARDS (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The following table provides a brief description of recent accounting standards that have been issued but not yet adopted: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2016-13 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and subsequent amendments, including ASU 2018-19 & ASU 2019-04 Codification Improvements to Topic 326 "Financial Instruments-Credit Losses" Replaces the incurred loss impairment methodology with an expected loss methodology that requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. January 1, 2020 Under evaluation ASU 2018-13 Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement Removes some disclosure requirements relating to transfers between Level 1 and Level 2 of the FV hierarchy. Introduces new disclosure requirements for Level 3 measurements January 1, 2020 No material impact on our disclosure requirements as we have no Level 3 measurements. ASU 2018-17 Consolidation (Topic 810) - Targeted Improvements to Related Party Guidance for Variable Interest Entities For the purposes of determining whether a decision making fee is a variable interest, a company is now required to consider indirect interests held through related parties under common control on a proportionate basis as opposed to as a direct investment in the entity. January 1, 2020 No impact on consolidation assessments.

VARIABLE INTEREST ENTITIES ("_2

VARIABLE INTEREST ENTITIES ("VIEs") (Tables)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Sale Leaseback Transactions	The following table gives a summary of the sale and leaseback arrangement, including repurchase options and obligation as of September 30, 2019 : Vessel Effective from Sales value (in $ millions) Subsequent repurchase option (in $ millions) Subsequent repurchase option Repurchase obligation at end of lease term (in $ millions) End of lease term Golar Eskimo November 2015 285.0 214.4 November 2019 128.3 November 2025
Summary of Payment Obligations Under the Bareboat Charter	A summary of our payment obligations under the bareboat charter with Eskimo SPV as of September 30, 2019 is shown below: (in thousands of $) 2019 (1) 2020 2021 2022 2023 After 2023 Golar Eskimo* 6,101 23,001 21,801 20,951 20,224 35,268 (1) For the three months ending December 31, 2019. *This payment obligation table above includes variable rental payments due under the lease based on an assumed LIBOR plus margin, but excludes the repurchase obligation at the end of the lease term.
Schedule of Variable Interest Entities	The most significant impact of Eskimo SPV’s liabilities on our condensed consolidated balance sheet is as follows: (in thousands of $) September 30, 2019 December 31, 2018 Liabilities Short-term debt 11,545 11,836 Long-term debt 173,902 187,401 The following table summarizes the financial information of Hilli LLC shown on a 100% basis as of September 30, 2019 and December 31, 2018: (in thousands of $) Balance at September 30, 2019 Balance at December 31, 2018 Balance sheet Current assets 57,895 124,642 Non-current assets 1,308,377 1,392,711 Current liabilities (49,317 ) (109,773 ) Non-current liabilities (944,482 ) (1,004,184 ) *The summarized financial information of Hilli LLC excludes the Hilli LLC lessor VIE's financial information.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended September 30, 2019 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 63,490 12,328 26,018 — 101,836 (26,018 ) 75,818 Vessel operating expenses (9,542 ) (5,198 ) (5,686 ) — (20,426 ) 5,686 (14,740 ) Voyage and commission expenses (1,002 ) (683 ) — — (1,685 ) — (1,685 ) Administrative expenses (4) (1,870 ) (1,240 ) (223 ) — (3,333 ) 223 (3,110 ) Amount invoiced under sales-type lease 4,600 — — — 4,600 (4,600 ) — Adjusted EBITDA 55,676 5,207 20,109 — 80,992 (24,709 ) 56,283 Balance sheet (at end of period): Total assets (5) 1,090,228 516,802 196,045 318,558 2,121,633 — 2,121,633 Nine Months Ended September 30, 2019 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 181,719 41,370 78,054 — 301,143 (78,054 ) 223,089 Vessel operating expenses (31,405 ) (15,058 ) (17,802 ) — (64,265 ) 17,802 (46,463 ) Voyage and commission expenses (3,236 ) (1,928 ) (230 ) — (5,394 ) 230 (5,164 ) Administrative expenses (4) (6,194 ) (4,033 ) (730 ) — (10,957 ) 730 (10,227 ) Amount invoiced under sales-type lease 6,900 — — — 6,900 (6,900 ) — Adjusted EBITDA 147,784 20,351 59,292 — 227,427 (66,192 ) 161,235 Three Months Ended September 30, 2018 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 96,836 11,396 23,736 — 131,968 (23,736 ) 108,232 Vessel operating expenses (10,317 ) (6,055 ) (5,049 ) — (21,421 ) 5,049 (16,372 ) Voyage and commission expenses (1,146 ) (1,166 ) (655 ) — (2,967 ) 655 (2,312 ) Administrative expenses (4) (1,810 ) (1,134 ) (1,063 ) — (4,007 ) 1,063 (2,944 ) Adjusted EBITDA 83,563 3,041 16,969 — 103,573 (16,969 ) 86,604 Balance sheet (at end of period): Total assets (5) 1,112,411 537,239 208,554 404,667 2,262,871 — 2,262,871 Nine Months Ended September 30, 2018 (in thousands of $) FSRU LNG Carrier FLNG (1) Unallocated (2) Total Segment Reporting Elimination (3) Consolidated Reporting Statement of operations: Total operating revenues 232,370 34,277 23,736 — 290,383 (23,736 ) 266,647 Vessel operating expenses (32,755 ) (16,623 ) (5,049 ) — (54,427 ) 5,049 (49,378 ) Voyage and commission expenses (3,898 ) (3,343 ) (655 ) — (7,896 ) 655 (7,241 ) Administrative expenses (4) (6,479 ) (3,661 ) (1,063 ) — (11,203 ) 1,063 (10,140 ) Adjusted EBITDA 189,238 10,650 16,969 — 216,857 (16,969 ) 199,888 (1) Relates to the effective revenues, expenses and EBITDA attributable to our 50% ownership of the Hilli Common Units that was acquired in July 2018 (see note 9). The earnings attributable to our investment in Hilli LLC is reported in the equity in net earnings of affiliate on our consolidated income statement. (2) Relates to assets not allocated to a segment, but included to reconcile to the total assets in our consolidated balance sheet. (3) Eliminations reverse the effective earnings attributable to our 50% ownership of the Hilli Common Units and the amounts invoiced under the sales-type lease. (4) Indirect administrative expenses are allocated to the FSRU and LNG carrier segments based on the number of vessels while administrative expenses for FLNG relates to our effective share of expenses attributable to our 50% ownership of the Hilli Common Units. (5)

LOSSES_GAINS ON DERIVATIVES A_2

LOSSES/GAINS ON DERIVATIVES AND OTHER FINANCIAL ITEMS, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Schedule of Other Financial Items	Three Months Ended September 30, Nine Months Ended September 30, (in thousands of $) 2019 2018 2019 2018 Mark-to-market (losses)/gains for interest rate swaps (10,860 ) 7,523 (53,836 ) 26,044 Net interest income on un-designated interest rate swaps 923 915 5,430 830 Unrealized mark-to-market gains on Earn-Out units — 2,900 — 7,400 (Losses)/gains on derivative instruments (9,937 ) 11,338 (48,406 ) 34,274 Amortization of debt guarantee (see note 13) 510 — 1,579 — Foreign exchange gains/(losses) on capital lease obligation and related restricted cash 249 263 (351 ) 781 Foreign exchange (losses) on operations (15 ) (367 ) (23 ) (890 ) Financing arrangement fees and other costs (203 ) (441 ) (448 ) (1,006 ) Other financial items, net 541 (545 ) 757 (1,115 ) (Losses)/gains on derivatives and Other financial items, net (9,396 ) 10,793 (47,649 ) 33,159

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	The minimum contractual future rentals under non-cancellable leases represent revenues to be recognized on a straight line basis for each of the following periods, as of September 30, 2019 : Year ending December 31, 2019 (1) 67,841 2020 221,311 2021 213,199 2022 213,199 2023 and thereafter 267,885 Total 983,435 (1) For the three months ending December 31, 2019.
Operating Lease, Lease Income	The components of operating lease income were as follows: (in thousands of $) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease income 73,794 218,683 Variable lease income (1) — 1,393 Total operating lease income 73,794 220,076 (1) ‘Variable lease income’ is excluded from lease payments that comprise the minimum contractual future revenues from non-cancellable leases.

INVESTMENTS IN AFFILIATES (Tabl

INVESTMENTS IN AFFILIATES (Tables)	9 Months Ended
	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investments in and Advances to Affiliates	The components of our equity method investment in Hilli LLC are as follows: (in thousands of $) Equity in net assets of affiliate at January 1, 2019 206,180 Dividend (Note 13) (12,908 ) Equity in net earnings of affiliate 2,773 Equity in net assets of affiliate at September 30, 2019 196,045
Schedule of Variable Interest Entities	The most significant impact of Eskimo SPV’s liabilities on our condensed consolidated balance sheet is as follows: (in thousands of $) September 30, 2019 December 31, 2018 Liabilities Short-term debt 11,545 11,836 Long-term debt 173,902 187,401 The following table summarizes the financial information of Hilli LLC shown on a 100% basis as of September 30, 2019 and December 31, 2018: (in thousands of $) Balance at September 30, 2019 Balance at December 31, 2018 Balance sheet Current assets 57,895 124,642 Non-current assets 1,308,377 1,392,711 Current liabilities (49,317 ) (109,773 ) Non-current liabilities (944,482 ) (1,004,184 ) *The summarized financial information of Hilli LLC excludes the Hilli LLC lessor VIE's financial information.

NET INVESTMENT IN LEASES (Table

NET INVESTMENT IN LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable, Maturity	The following table lists the components of our net investment in leased vessel and the maturity profile of the undiscounted lease receivables: Year ending December 31, 2019 (1) 4,600 2020 18,300 2021 18,250 2022 18,250 2023 and thereafter 207,600 Total minimum lease receivable 267,000 Unguaranteed residual value 16,000 Gross investment in sales-type lease 283,000 Less: unearned interest income (168,309 ) Net investment in leased vessel 114,691 Less: current portion of Net investment in leased vessel (2,229 ) Non-current portion of Net investment in leased vessel 112,462 (1) For the three months ending December 31, 2019.

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Carrying Value and Estimated Fair Value of the Partnership's Financial Instruments	The carrying value and estimated fair value of our financial instruments as of September 30, 2019 and December 31, 2018 are as follows: September 30, 2019 December 31, 2018 (in thousands of $) Fair value Hierarchy Carrying Value Fair Value Carrying Value Fair Value Non-Derivatives: Cash and cash equivalents Level 1 51,961 51,961 96,648 96,648 Restricted cash and short-term deposits Level 1 178,697 178,697 172,444 172,444 2015 and 2017 Norwegian Bonds (1) Level 1 (400,000 ) (399,863 ) (400,000 ) (396,843 ) Short and long-term debt — floating (2) Level 2 (844,247 ) (844,247 ) (883,100 ) (883,100 ) Obligation under capital lease (2) Level 2 (114,230 ) (114,230 ) (119,683 ) (119,683 ) Derivatives: Interest rate swaps asset (3) Level 2 1,646 1,646 17,617 17,617 Interest rate swaps liability (3) Level 2 (46,618 ) (46,618 ) (8,753 ) (8,753 ) (1) This pertains to the 2015 and 2017 Norwegian bonds with a carrying value of $400.0 million as of September 30, 2019 (December 31, 2018: $400.0 million ), which are included under long-term debt on the balance sheet. The fair value of the bonds as of September 30, 2019 was $399.9 million (December 31, 2018: $396.8 million ), which is 99.97% of their face value (December 31, 2018: 99.21% ). (2) Our short-term and long-term debt and capital lease obligations are recorded at amortized cost in the consolidated balance sheets. The long-term debt is presented gross of deferred financing cost of $7.2 million as of September 30, 2019 (December 31, 2018: $10.8 million ). (3) Derivative liabilities are captured within other current liabilities and derivative assets are captured within long-term assets on the balance sheet.
Offsetting Assets	However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in our consolidated balance sheets as of September 30, 2019 and December 31, 2018 would be adjusted as detailed in the following table: September 30, 2019 December 31, 2018 (in thousands of $) Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Total asset derivatives 1,646 (1,322 ) 324 17,617 (3,281 ) 14,336 Total liability derivatives (46,618 ) 1,322 (45,296 ) (8,753 ) 3,281 (5,472 )
Offsetting Liabilities	However, if we were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in our consolidated balance sheets as of September 30, 2019 and December 31, 2018 would be adjusted as detailed in the following table: September 30, 2019 December 31, 2018 (in thousands of $) Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Gross amounts presented in the consolidated balance sheet Gross amounts not offset in the consolidated balance sheet subject to netting agreements Net amount Total asset derivatives 1,646 (1,322 ) 324 17,617 (3,281 ) 14,336 Total liability derivatives (46,618 ) 1,322 (45,296 ) (8,753 ) 3,281 (5,472 )
Interest Rate Swap Transactions	As of September 30, 2019 , we have entered into the following interest rate swap transactions involving the payment of fixed rates in exchange for LIBOR as summarized below: Instrument (in thousands of $) Notional amount Maturity Dates Fixed Interest Rates Interest rate swaps: Receiving floating, pay fixed 1,722,957 2019 to 2026 1.07 % to 2.90%

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Net (expense)/income from related parties: Three Months Ended September 30, Nine Months Ended (in thousands of $) 2019 2018 2019 2018 Transactions with Golar and affiliates: Management and administrative services fees (a) (2,448 ) (1,901 ) (7,195 ) (5,778 ) Ship management fees (b) (1,115 ) (1,300 ) (3,345 ) (3,900 ) Income on deposits paid to Golar (c) — 295 — 4,779 Distributions with Golar, net (d) (3,163 ) (11,142 ) (14,572 ) (37,318 ) Receivables/(payables) with related parties: As of September 30, 2019 and December 31, 2018 , balances with related parties consisted of the following: (in thousands of $) September 30, December 31, Balances due from/(to) Golar and affiliates (e) 3,558 (4,091 ) Methane Princess lease security deposit movements (f) 2,406 2,854 Total 5,964 (1,237 )

OTHER COMMITMENTS AND CONTING_2

OTHER COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Book Value of the Partnership's Vessels Secured Against Long Term Loans and Capital Leases	Assets pledged (in thousands of $) September 30, 2019 December 31, 2018 Book value of vessels secured against long-term loans and capital lease (1) 1,479,924 1,517,297 (1) Includes Net investment in leased vessel relating to the Golar Freeze of $114.7 million .

EQUITY (Tables)

EQUITY (Tables)	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Schedule of Capital Units	The following table summarizes our repurchase of Common Units during the three and nine months ended September 30, 2019 : Date Number of Common Units Repurchased Unit Price Net Cost (in thousands of $) Golar's Ownership after the repurchase (1) August 2019 153,728 $10.19 1,565 32.04% ______________________________ (1) Includes Golar's 2% general partner interest in the Partnership.
Schedule of Movement in Capital Units	The following table shows the movement in our number of preferred units, Common Units and general partner ("GP") units during the nine months ended September 30, 2019 : (in units) Preferred units Common Units GP Units As of December 31, 2018 5,520,000 69,455,364 1,436,391 Common units acquired and cancelled — (153,728 ) — As of September 30, 2019 5,520,000 69,301,636 1,436,391

EARNINGS PER UNIT AND CASH DI_2

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Calculations of Basic and Diluted Earnings per Unit	The calculations of basic and diluted loss/earnings per common unit are presented below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands of $, except per unit data) 2019 2018 2019 2018 Common unitholders' interest in net income/(loss) 4,808 45,025 (21,213 ) 81,472 Less: distributions paid (1) (39,844 ) (28,213 ) (120,065 ) (109,121 ) (Over)/under distributed earnings (35,036 ) 16,812 (141,278 ) (27,649 ) Basic: Weighted average Common Units outstanding (in thousands) 69,379 69,850 69,429 69,983 Diluted: Weighted average Common Units outstanding (in thousands) 69,379 69,850 69,429 69,983 Common unit and common unit equivalents 69,379 69,850 69,429 69,983 (Loss)/earnings per unit (basic and diluted): Basic - Common unitholders $ 0.07 $ 0.64 $ (0.31 ) $ 1.16 Diluted - Common unitholders $ 0.07 $ 0.64 $ (0.31 ) $ 1.16 Cash distributions declared and paid in the period per common unit (2) : $ 0.40 $ 0.58 $ 1.21 $ 1.73 Subsequent event: Cash distributions declared and paid per common unit relating to the period (3) : $ 0.40 $ 0.40 $ 0.40 $ 0.40 ______________________________________ (1) Refers to distributions made or to be made in relation to the period, irrespective of the declaration and payment dates, and is based on the weighted average number of Common Units outstanding in the period. (2) Refers to cash distributions declared and paid during the period. (3) Refers to cash distributions declared relating to the period and paid subsequent to the period end.

GENERAL (Details)

GENERAL (Details)	Sep. 30, 2019storage_unitcarrier	Jul. 31, 2018	Jul. 12, 2018
LNG Carrier
Business Acquisition [Line Items]
Number of vessels | carrier	4
FSRU
Business Acquisition [Line Items]
Number of vessels | storage_unit	6
Hilli LLC
Business Acquisition [Line Items]
Business acquisition, percentage of interests acquired		50.00%	50.00%

ACCOUNTING POLICIES - Narrative

ACCOUNTING POLICIES - Narrative (Details) - vessel	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Number of vessels leased	1	1

VARIABLE INTEREST ENTITIES ("_3

VARIABLE INTEREST ENTITIES ("VIEs") - NARRATIVE (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2015	Sep. 30, 2019USD ($)vessel	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)vessel	Sep. 30, 2018USD ($)
Variable Interest Entity [Line Items]
Interest expense		$ 19,764	$ 20,062	$ 61,236	$ 59,679
Net cash used in financing activities				(136,160)	(264,388)
Eskimo SPV Agreement | Golar Eskimo
Variable Interest Entity [Line Items]
Lease term	10 years
Interest expense		1,800	1,800	6,000	5,800
Net cash used in financing activities		$ 4,600	$ 4,900	$ 13,800	$ 8,200
Variable Interest Entity, Primary Beneficiary | Eskimo SPV Agreement | Golar Eskimo
Variable Interest Entity [Line Items]
Number of vessels | vessel		1		1

VARIABLE INTEREST ENTITIES ("_4

VARIABLE INTEREST ENTITIES ("VIEs") - SCHEDULE OF SALE LEASEBACK TRANSACTIONS (Details) - Variable Interest Entity, Primary Beneficiary - Eskimo SPV Agreement - Golar Eskimo - USD ($) $ in Millions	1 Months Ended
	Nov. 30, 2015	Nov. 30, 2025	Nov. 30, 2019
Variable Interest Entity [Line Items]
Sales value	$ 285
Scenario, Forecast
Variable Interest Entity [Line Items]
Subsequent repurchase option			$ 214.4
Repurchase obligation at end of lease term		$ 128.3

VARIABLE INTEREST ENTITIES ("_5

VARIABLE INTEREST ENTITIES ("VIEs") - PAYMENT OBLIGATIONS (Details) - Golar Eskimo - Eskimo SPV Agreement - Variable Interest Entity, Primary Beneficiary $ in Thousands	Sep. 30, 2019USD ($)
Variable Interest Entity [Line Items]
2019	$ 6,101
2020	23,001
2021	21,801
2022	20,951
2023	20,224
After 2023	$ 35,268

VARIABLE INTEREST ENTITIES ("_6

VARIABLE INTEREST ENTITIES ("VIEs") - SCHEDULE OF ASSETS AND LIABILITIES IMPACTING BALANCE SHEET (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Liabilities
Long-term debt	$ 1,011,926	$ 1,196,899
Eskimo SPV Agreement | Golar Eskimo
Liabilities
Short-term debt	11,545	11,836
Long-term debt	$ 173,902	$ 187,401

VARIABLE INTEREST ENTITIES ("_7

VARIABLE INTEREST ENTITIES ("VIEs") VARIABLE INTEREST ENTITIES ("VIEs") - HILLI LLC (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Jul. 31, 2018	Jul. 12, 2018
Variable Interest Entity [Line Items]
Investment in affiliate	$ 196,045	$ 206,180
Hilli LLC
Variable Interest Entity [Line Items]
Investment in affiliate	$ 196,045	$ 206,180
Hilli LLC
Variable Interest Entity [Line Items]
Business acquisition, percentage of interests acquired			50.00%	50.00%
Hilli LLC | Hilli LLC
Variable Interest Entity [Line Items]
Business acquisition, percentage of interests acquired				50.00%

SEGMENT INFORMATION NARRATIVE (

SEGMENT INFORMATION NARRATIVE (Details)	9 Months Ended
	Sep. 30, 2019segmentvessel	Jul. 31, 2018	Jul. 12, 2018
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
LNG Carrier
Segment Reporting Information [Line Items]
Number of vessels	4
FSRU
Segment Reporting Information [Line Items]
Number of vessels	6
Hilli LLC
Segment Reporting Information [Line Items]
Business acquisition, percentage of interests acquired		50.00%	50.00%

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total operating revenues	$ 75,818	$ 108,232	$ 223,089	$ 266,647
Vessel operating expenses	(14,740)	(16,372)	(46,463)	(49,378)
Voyage and commission expenses	(1,685)	(2,312)	(5,164)	(7,241)
Administrative expenses	(3,110)	(2,944)	(10,227)	(10,140)
Amount invoiced under sales-type lease	0		0
Adjusted EBITDA	56,283	86,604	161,235	199,888
Total assets	2,121,633	2,262,871	2,121,633	2,262,871	$ 2,240,817
Operating Segments
Segment Reporting Information [Line Items]
Total operating revenues	101,836	131,968	301,143	290,383
Vessel operating expenses	(20,426)	(21,421)	(64,265)	(54,427)
Voyage and commission expenses	(1,685)	(2,967)	(5,394)	(7,896)
Administrative expenses	(3,333)	(4,007)	(10,957)	(11,203)
Amount invoiced under sales-type lease	4,600		6,900
Adjusted EBITDA	80,992	103,573	227,427	216,857
Total assets	2,121,633	2,262,871	2,121,633	2,262,871
Operating Segments | FSRU
Segment Reporting Information [Line Items]
Total operating revenues	63,490	96,836	181,719	232,370
Vessel operating expenses	(9,542)	(10,317)	(31,405)	(32,755)
Voyage and commission expenses	(1,002)	(1,146)	(3,236)	(3,898)
Administrative expenses	(1,870)	(1,810)	(6,194)	(6,479)
Amount invoiced under sales-type lease	4,600		6,900
Adjusted EBITDA	55,676	83,563	147,784	189,238
Total assets	1,090,228	1,112,411	1,090,228	1,112,411
Operating Segments | LNG Carrier
Segment Reporting Information [Line Items]
Total operating revenues	12,328	11,396	41,370	34,277
Vessel operating expenses	(5,198)	(6,055)	(15,058)	(16,623)
Voyage and commission expenses	(683)	(1,166)	(1,928)	(3,343)
Administrative expenses	(1,240)	(1,134)	(4,033)	(3,661)
Amount invoiced under sales-type lease	0		0
Adjusted EBITDA	5,207	3,041	20,351	10,650
Total assets	516,802	537,239	516,802	537,239
Operating Segments | FLNG
Segment Reporting Information [Line Items]
Total operating revenues	26,018	23,736	78,054	23,736
Vessel operating expenses	(5,686)	(5,049)	(17,802)	(5,049)
Voyage and commission expenses	0	(655)	(230)	(655)
Administrative expenses	(223)	(1,063)	(730)	(1,063)
Amount invoiced under sales-type lease	0		0
Adjusted EBITDA	20,109	16,969	59,292	16,969
Total assets	196,045	208,554	196,045	208,554
Unallocated
Segment Reporting Information [Line Items]
Total operating revenues	0	0	0	0
Vessel operating expenses	0	0	0	0
Voyage and commission expenses	0	0	0	0
Administrative expenses	0	0	0	0
Amount invoiced under sales-type lease	0		0
Adjusted EBITDA	0	0	0	0
Total assets	318,558	404,667	318,558	404,667
Eliminations
Segment Reporting Information [Line Items]
Total operating revenues	(26,018)	(23,736)	(78,054)	(23,736)
Vessel operating expenses	5,686	5,049	17,802	5,049
Voyage and commission expenses	0	655	230	655
Administrative expenses	223	1,063	730	1,063
Amount invoiced under sales-type lease	(4,600)		(6,900)
Adjusted EBITDA	(24,709)	(16,969)	(66,192)	(16,969)
Total assets	$ 0	$ 0	$ 0	$ 0

LOSSES_GAINS ON DERIVATIVES A_3

LOSSES/GAINS ON DERIVATIVES AND OTHER FINANCIAL ITEMS, NET - SCHEDULE OF OTHER FINANCIAL ITEMS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Component of Other Income (Expense), Nonoperating [Line Items]
(Losses)/gains on derivative instruments	$ (9,937)	$ 11,338	$ (48,406)	$ 34,274
Amortization of debt guarantee	510	0	1,579	0
Foreign exchange gain (loss)			(351)	671
Financing arrangement fees and other costs	(203)	(441)	(448)	(1,006)
Other financial items, net	541	(545)	757	(1,115)
(Losses)/gains on derivatives and Other financial items, net	(9,396)	10,793	(47,649)	33,159
Capital lease obligation and related Restricted Cash
Component of Other Income (Expense), Nonoperating [Line Items]
Foreign exchange gain (loss)	249	263	(351)	781
Interest Rate Swap
Component of Other Income (Expense), Nonoperating [Line Items]
(Losses)/gains on derivative instruments	(10,860)	7,523	(53,836)	26,044
Earn Out Units
Component of Other Income (Expense), Nonoperating [Line Items]
(Losses)/gains on derivative instruments	0	2,900	0	7,400
Net Interest Income (Expense) within Derivative Financial Instruments | Interest Rate Swap
Component of Other Income (Expense), Nonoperating [Line Items]
(Losses)/gains on derivative instruments	923	915	5,430	830
Other Non-Operating Expense
Component of Other Income (Expense), Nonoperating [Line Items]
Foreign exchange gain (loss)	$ (15)	$ (367)	$ (23)	$ (890)

TAXATION (Details)

TAXATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Tax Contingency [Line Items]
Provision for certain immaterial risks	$ 5,500,000		$ 5,500,000		$ 4,700,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Deferred tax charge	0	$ 100,000	0	$ 200,000
Jordan | Foreign Tax Authority
Income Tax Contingency [Line Items]
Net deferred tax liability	10,100,000		10,100,000		$ 7,000,000
Deferred tax charge related to depreciation	500,000	$ 400,000	1,500,000	$ 1,100,000
Deferred tax expense related to new solidarity tax	$ 0		$ 1,400,000

OPERATING LEASES (Details)

OPERATING LEASES (Details) $ in Thousands	Sep. 30, 2019USD ($)
Leases [Abstract]
2019	$ 67,841
2020	221,311
2021	213,199
2022	213,199
2023 and thereafter	267,885
Total	$ 983,435

OPERATING LEASES - OPERATING LE

OPERATING LEASES - OPERATING LEASE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease income	$ 73,794	$ 218,683
Variable lease income	0	1,393
Total operating lease income	$ 73,794	$ 220,076

INVESTMENTS IN AFFILIATES (Deta

INVESTMENTS IN AFFILIATES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Underlying Equity in Net Assets [Roll Forward]
Equity in net assets of affiliate at January 1, 2019			$ 206,180
Equity in net earnings/(loss) of affiliate	$ 1,181	$ (71)	2,773	$ (71)
Equity in net assets of affiliate at September 30, 2019	196,045		196,045
Hilli LLC
Underlying Equity in Net Assets [Roll Forward]
Equity in net assets of affiliate at January 1, 2019			206,180
Dividend (Note 13)			(12,908)
Equity in net earnings/(loss) of affiliate			2,773
Equity in net assets of affiliate at September 30, 2019	$ 196,045		$ 196,045

INVESTMENTS IN AFFILIATES - SUM

INVESTMENTS IN AFFILIATES - SUMMARIZED FINANCIAL INFORMATION OF HILLI LLC (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Current assets	$ 132,510	$ 164,529
Current liabilities	(313,218)	(136,107)
Hilli LLC
Schedule of Equity Method Investments [Line Items]
Current assets	57,895	124,642
Non-current assets	1,308,377	1,392,711
Current liabilities	(49,317)	(109,773)
Non-current liabilities	$ (944,482)	$ (1,004,184)

DEBT (Details)

DEBT (Details) - USD ($)	1 Months Ended
	May 31, 2015	Sep. 30, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Total long-term debt outstanding		$ 1,237,100,000	$ 1,272,400,000
Deferred financing costs		$ 7,200,000	$ 10,800,000
2015 Norwegian Bonds | Extended Bonds
Short-term Debt [Line Items]
Debt instrument, face amount	$ 150,000,000
Debt instrument, term	5 years
Basis spread on variable rate	4.40%
2015 Norwegian Bonds | Extended Bonds | Interest Rate Swap
Short-term Debt [Line Items]
Interest rate, stated percentage	6.275%

NET INVESTMENT IN LEASES (Detai

NET INVESTMENT IN LEASES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Lessor, Lease, Description [Line Items]
Interest income	$ 4,990,000	$ 1,177,000	$ 8,474,000	$ 7,959,000
Termination period			3 years
Renewal term	5 years		5 years
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
2019	$ 4,600,000		$ 4,600,000
2020	18,300,000		18,300,000
2021	18,250,000		18,250,000
2022	18,250,000		18,250,000
2023 and thereafter	207,600,000		207,600,000
Total minimum lease receivable	267,000,000		267,000,000
Unguaranteed residual value	16,000,000		16,000,000
Gross investment in sales-type lease	283,000,000		283,000,000
Less: unearned interest income	(168,309,000)		(168,309,000)
Net investment in leased vessel	114,691,000		114,691,000
Less: current portion of Net investment in leased vessel	(2,229,000)		(2,229,000)
Non-current portion of Net investment in leased vessel	112,462,000		112,462,000
Leased Vessel
Lessor, Lease, Description [Line Items]
Amount invoiced under sales-type finance lease	4,100,000		5,400,000
Interest income		$ 0
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
Net investment in leased vessel	$ 114,700,000		$ 114,700,000

FINANCIAL INSTRUMENTS - CARRYIN

FINANCIAL INSTRUMENTS - CARRYING VALUE AND ESTIMATED FAIR VALUE OF THE PARTNERSHIP'S FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Non-Derivatives:
Cash and cash equivalents	$ 51,961	$ 96,648	$ 75,781	$ 246,954
Restricted cash and short-term deposits	48,743	31,330	$ 27,106	$ 27,306
2015 and 2017 Norwegian Bonds	(1,237,100)	(1,272,400)
Derivatives:
Derivative asset	1,646	17,617
Derivative liability	46,618	8,753
Deferred financing costs	7,200	10,800
Carrying Value | Level 1
Non-Derivatives:
Cash and cash equivalents	51,961	96,648
Restricted cash and short-term deposits	178,697	172,444
Carrying Value | Level 1 | Norwegian Bonds
Non-Derivatives:
2015 and 2017 Norwegian Bonds	(400,000)	(400,000)
Carrying Value | Level 2
Non-Derivatives:
Short and long-term debt - floating	(844,247)	(883,100)
Obligations under capital lease	(114,230)	(119,683)
Carrying Value | Level 2 | Interest Rate Swap
Derivatives:
Derivative asset	1,646	17,617
Derivative liability	(46,618)	(8,753)
Fair Value | Level 1
Non-Derivatives:
Cash and cash equivalents, fair value	51,961	96,648
Restricted cash and short-term deposits, fair value	178,697	172,444
Fair Value | Level 1 | Norwegian Bonds
Non-Derivatives:
2015 and 2017 Norwegian Bonds, fair value	$ (399,863)	$ (396,843)
Derivatives:
Fair value of high yield bonds of face value	99.97%	99.21%
Fair Value | Level 2
Non-Derivatives:
Short and long-term debt - floating, fair value	$ (844,247)	$ (883,100)
Obligations under capital lease, fair value	(114,230)	(119,683)
Fair Value | Level 2 | Interest Rate Swap
Derivatives:
Derivative asset	1,646	17,617
Derivative liability	$ (46,618)	$ (8,753)

FINANCIAL INSTRUMENTS - SCHEDUL

FINANCIAL INSTRUMENTS - SCHEDULE OF OFFSETTING DERIVATIVE ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Total asset derivatives
Gross amounts presented in the consolidated balance sheet	$ 1,646	$ 17,617
Gross amounts not offset in the consolidated balance sheet subject to netting agreements	(1,322)	(3,281)
Net amount	324	14,336
Total liability derivatives
Gross amounts presented in the consolidated balance sheet	(46,618)	(8,753)
Gross amounts not offset in the consolidated balance sheet subject to netting agreements	1,322	3,281
Net amount	$ (45,296)	$ (5,472)

FINANCIAL INSTRUMENTS - INTERES

FINANCIAL INSTRUMENTS - INTEREST RATE SWAP TRANSACTIONS (Details) - Interest Rate Swap $ in Thousands	Sep. 30, 2019USD ($)
Derivative [Line Items]
Notional amount	$ 1,722,957
Minimum
Derivative [Line Items]
Fixed Interest Rates	1.07%
Maximum
Derivative [Line Items]
Fixed Interest Rates	2.90%

RELATED PARTY TRANSACTIONS - SC

RELATED PARTY TRANSACTIONS - SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - Golar and Affiliates - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Related Party Transaction
Management and administrative services fees	$ (2,448)	$ (1,901)	$ (7,195)	$ (5,778)
Distributions with Golar, net	(3,163)	(11,142)	(14,572)	(37,318)
Ship management fees
Related Party Transaction
Ship management fees	(1,115)	(1,300)	(3,345)	(3,900)
Income on deposits paid to Golar
Related Party Transaction
Income on deposits paid to Golar	$ 0	$ 295	$ 0	$ 4,779

RELATED PARTY TRANSACTIONS - _2

RELATED PARTY TRANSACTIONS - SCHEDULE OF RELATED PARTY BALANCES (Details) - Golar LNG Limited - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Related Party Transaction
Total due (to)/from related parties	$ 5,964	$ (1,237)
Balances due (to)/from Golar and affiliates
Related Party Transaction
Total due (to)/from related parties	3,558	(4,091)
Methane Princess lease security deposit movements
Related Party Transaction
Total due (to)/from related parties	$ 2,406	$ 2,854

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details)

Jul. 12, 2018USD ($)

Oct. 17, 2017USD ($)

Aug. 15, 2017train

Sep. 05, 2015USD ($)quarterly_payment

Aug. 31, 2017USD ($)

May 31, 2016USD ($)

Sep. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Sep. 30, 2019USD ($)

Sep. 30, 2018USD ($)

Dec. 31, 2018USD ($)

Jul. 31, 2018

Dec. 31, 2017USD ($)

Related Party Transaction

Distributions paid

$ 95,021,000

$ 133,416,000

Debt guarantee

$ 430,500,000

$ 430,500,000

Golar Management

Related Party Transaction

Management fee (percentage)

5.00%

Required notice for termination of management service agreement (in days)

120 days

Golar Management | Ship management fees

Related Party Transaction

Required notice for termination of management service agreement (in days)

30 days

Golar

Related Party Transaction

Distributions paid

9,200,000

$ 13,100,000

$ 27,500,000

39,300,000

Golar | Golar Tundra

Related Party Transaction

Additional amount, percent per annum of deferred purchase price

5.00%

Golar | Deposits paid to Golar

Related Party Transaction

Amount of transaction with related party

$ 107,200,000

$ 70,000,000

$ 107,200,000

Interest rate

5.00%

Interest income from related parties

0

300,000

0

4,800,000

Golar, Keppel, and B&V | Golar Hilli LLC

Related Party Transaction

Acquired interest, equivalent percentage

50.00%

Number of liquefaction trains contracted | train

2

Total number of liquefaction trains | train

4

Fortune Lianjiang Shipping | Golar Hilli LLC

Related Party Transaction

Covenant, free liquid assets

$ 30,000,000

Covenant, net debt to EBITDA leverage ratio, maximum

6.5

Covenant, consolidated tangible net worth

$ 123,950,000

Hilli LLC

Related Party Transaction

Business acquisition, percentage of interests acquired

50.00%

50.00%

Affiliated Entity | PT Pesona

Related Party Transaction

Agency expense

100,000

100,000

400,000

800,000

Hilli LLC

Related Party Transaction

Dividend receivable

4,000,000

4,000,000

$ 3,600,000

Other Current Liabilities

Related Party Transaction

Guarantees, fair value

1,800,000

1,800,000

Other Noncurrent Liabilities

Related Party Transaction

Guarantees, fair value

6,900,000

6,900,000

Hilli Facility | Hilli LLC

Related Party Transaction

Long-term debt, term

10 years

Debt instrument, face amount

$ 960,000,000

Number of quarterly repayments | quarterly_payment

40

Percentage of quarterly repayments of construction costs

1.375%

Basis spread on variable rate

3.95%

Interest Rate Swap

Related Party Transaction

Notional amount

1,722,957,000

1,722,957,000

Interest Rate Swap | Hilli LLC

Related Party Transaction

Notional amount

$ 480,000,000

Hilli LLC

Related Party Transaction

Cash distributions declared

$ 6,000,000

$ 1,900,000

$ 12,900,000

$ 1,900,000

PT Pesona | Affiliated Entity

Related Party Transaction

Noncontrolling interest, ownership percentage by noncontrolling owners

51.00%

51.00%

OTHER COMMITMENTS AND CONTING_3

OTHER COMMITMENTS AND CONTINGENCIES (Details) £ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)lease	Sep. 30, 2019GBP (£)	Dec. 31, 2018USD ($)
Loss Contingencies [Line Items]
Book value of vessels secured against long-term loans and capital lease	$ 1,479,924,000		$ 1,517,297,000
Net investment in leased vessel	$ 114,691,000
Leases subject to tax lease | lease	1
Accrued gain (loss) on terminated contracts	$ 1,800,000
Foreign Tax Authority | Indonesia | NR Satu Related Claim
Loss Contingencies [Line Items]
Estimate of possible loss	24,000,000
Leased Vessel
Loss Contingencies [Line Items]
Net investment in leased vessel	114,700,000
Methane Princess | Minimum | Foreign Tax Authority | UNITED KINGDOM
Loss Contingencies [Line Items]
Estimate of possible loss	0
Methane Princess | Maximum | Foreign Tax Authority | UNITED KINGDOM
Loss Contingencies [Line Items]
Estimate of possible loss	$ 30,000,000	£ 23

EQUITY - SCHEDULE OF ISSUANCES

EQUITY - SCHEDULE OF ISSUANCES OF COMMON UNITS AND GENERAL PARTNER UNITS (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Aug. 31, 2019	Sep. 30, 2019
Class of Stock [Line Items]
Shares repurchased, per share (in dollars per share)	$ 10.19
Common units purchased, net cost	$ 1,565
Golar's Ownership after the Offering	32.04%
General partner, ownership interest		2.00%
Common Units
Class of Stock [Line Items]
Number of common units repurchased (in shares)	153,728	153,728

EQUITY - SCHEDULE OF MOVEMENT

EQUITY - SCHEDULE OF MOVEMENT IN THE NUMBER OF COMMON UNITS AND GENERAL PARTNER UNITS (Details) - shares	1 Months Ended	9 Months Ended
	Aug. 31, 2019	Sep. 30, 2019
Preferred Units
Increase (Decrease) in Limited Partners' Capital Account, Units Outstanding [Roll Forward]
Preferred units beginning balance (in shares)		5,520,000
Preferred units ending balance (in shares)		5,520,000
GP Units
Increase (Decrease) in Limited Partners' Capital Account, Units Outstanding [Roll Forward]
GP Units, beginning balance (in shares)		1,436,391
GP Units, ending balance (in shares)		1,436,391
Common Units
Increase (Decrease) in Limited Partners' Capital Account, Units Outstanding [Roll Forward]
Common Units, beginning balance (in shares)		69,455,364
Units repurchased (in shares)	(153,728)	(153,728)
Common Units, ending balance (in shares)		69,301,636

EARNINGS PER UNIT AND CASH DI_3

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Distribution Made to Limited Partner
Common unitholders' interest in net income/(loss)	$ 7,924	$ 48,964	$ (12,590)	$ 92,159
(Loss)/earnings per unit (basic and diluted):
Cash distributions declared and paid in the period per unit (in dollars per share)	$ 0.40	$ 0.58	$ 1.21	$ 1.73
Subsequent event: Cash distributions declared and paid per unit relating to the period (in dollars per share)	$ 0.40	$ 0.40	$ 0.40	$ 0.40
Ownership interest by third party (percentage)	69.40%		69.40%
Common unitholders
Distribution Made to Limited Partner
Common unitholders' interest in net income/(loss)	$ 4,808	$ 45,025	$ (21,213)	$ 81,472
Less: distributions paid	(39,844)	(28,213)	(120,065)	(109,121)
(Over)/under distributed earnings	$ (35,036)	$ 16,812	$ (141,278)	$ (27,649)
Basic:
Weighted average units outstanding (in shares)	69,379	69,850	69,429	69,983
Diluted:
Weighted average units outstanding (in shares)	69,379	69,850	69,429	69,983
(Loss)/earnings per unit (basic and diluted):
Basic - Common unitholders (in dollars per share)	$ 0.07	$ 0.64	$ (0.31)	$ 1.16
Diluted - Common unitholders (in dollars per share)	$ 0.07	$ 0.64	$ (0.31)	$ 1.16
Common unit and common unit equivalents
Diluted:
Weighted average units outstanding (in shares)	69,379	69,850	69,429	69,983

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 26, 2019	Nov. 14, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Subsequent Event
Distributions paid				$ 95,021	$ 133,416
Common Stock
Subsequent Event
Distributions paid			$ 28,600
Subsequent Event | Common Stock
Subsequent Event
Cash distribution (in dollars per share)	$ 0.4042
Subsequent Event | Series A Preferred Stock
Subsequent Event
Cash distribution (in dollars per share)	$ 0.546875
Distributions paid		$ 3,000
Golar LNG Limited | Unsecured Debt | Subsequent Event
Subsequent Event
Proceeds from issuance of debt	$ 15,000
London Interbank Offered Rate (LIBOR) | Golar LNG Limited | Unsecured Debt | Subsequent Event
Subsequent Event
Basis spread on variable rate	5.00%