Golar LNG accelerates FLNG expansion with new $2.45 billion order
Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has struck an engineering, procurement, and construction (EPC) deal with Yantai CIMC Raffles Offshore (CIMC Raffles) for its fourth floating LNG (FLNG) and second vessel of MKII design.
While revealing its EPC agreement with CIMC Raffles for its fourth FLNG with an annual liquefaction capacity of 3.5 million tons of LNG per annum (mtpa), Golar LNG highlights that this FLNG conversion project has a total budget of approximately $2.45 billion to be delivered to its prospective site. This FLNG is expected to be received from the shipyard by year-end 2029.
The company, which claims that the unit will be the earliest available FLNG capacity globally, emphasizes that the delivery is possible due to its long-standing relationships with equipment suppliers and commitments made during the year to secure attractive delivery slots for long lead items.
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