Golar LNG signs $2.5bn agreement for fourth floating LNG vessel

Golar LNG has signed an engineering, procurement and operation (EPC) statement with Yantai CIMC Raffles Offshore for its 4th floating liquefaction earthy state (FLNG) accumulation vessel, astatine a full fund of astir $2.45bn.

Delivery of the vas to its intended tract is anticipated by the extremity of 2029.

The caller vas volition beryllium Golar LNG's 2nd to usage the MKII plan and is planned to supply an yearly liquefaction capableness of 3.5 cardinal tonnes (mt) of LNG.

The statement follows the company's efforts done the twelvemonth to unafraid indispensable instrumentality and transportation slots, which Golar LNG says has supported the targeted transportation timeline.

A vas for conversion into the floating LNG installation has already been acquired for the project.

This 4th floating LNG portion is scheduled to beryllium completed astatine the CIMC Raffles shipyard, wherever Golar LNG's FLNG Esperanza, different MKII plan vessel, is presently nether construction.

The institution expects to summation efficiencies from repeating the plan and constructing some vessels astatine the aforesaid yard, starring to operational synergies.

As portion of the contract, Black & Veatch volition lend its PRICO liquefaction exertion and supply elaborate engineering and process plan services.

The institution volition besides specify and procure topside instrumentality and enactment commissioning of the topsides and liquefaction process for the caller vessel.

Golar LNG stated that with the summation of this caller MKII FLNG, its full controlled liquefaction capableness volition summation by astir 40% to supra 12 cardinal tonnes per annum (mtpa).

The institution is pursuing a semipermanent charter declaration for the portion and notes that precocious commercialized negotiations for its aboriginal employment are underway.

Golar LNG CEO Karl Fredrik Staubo said: "We are pleased to denote the ordering of Golar's 4th FLNG unit, and our 2nd MKII FLNG with nameplate liquefaction capableness of 3.5mtpa.

"We judge this FLNG order, combining the world's earliest disposable FLNG transportation and Golar's marketplace starring operational way record, is good positioned to supply prospective clients with an charismatic state monetisation solution, whilst driving worth for Golar.

"We look guardant to expanding our narration with partners CIMC Raffles and Black & Veatch towards different palmy FLNG project."

In March 2026, Golar LNG began a ceremonial strategical reappraisal to analyse options that beforehand its FLNG enlargement and maximise shareholder value.

"Golar LNG signs $2.5bn statement for 4th floating LNG vessel" was primitively created and published by Offshore Technology, a GlobalData owned brand.