ExpansionAug 13, 2026, 07:03 AM
Golar LNG Orders 4th FLNG Unit for 2029 Delivery
AI Summary
Golar LNG Limited announced it has ordered its fourth Floating LNG Production (FLNG) vessel, a second MKII design unit, from Yantai CIMC Raffles Offshore Limited. This new FLNG will have an annual liquefaction capacity of 3.5 Million Tons of LNG Per Annum (MTPA) and is budgeted at approximately $2.45 billion, with delivery expected by year-end 2029. This expansion will increase Golar's controlled liquefaction capacity by about 40% to over 12 MTPA, strengthening its market position. The company is in advanced commercial discussions for the unit's long-term charter.
Key Highlights
- Ordered 4th FLNG unit, second MKII design, from CIMC Raffles.
- Annual liquefaction capacity of 3.5 Million Tons of LNG Per Annum (MTPA).
- Total budget for the project is approximately $2.45 billion.
- Expected delivery from the shipyard by year-end 2029.
- Increases Golar's controlled liquefaction capacity by 40% to over 12 MTPA.
- Black & Veatch to provide PRICO® liquefaction technology for the unit.
- Advanced commercial discussions for employment of the unit are in progress.
Price Impact
More from GLNG