ExpansionAug 13, 2026, 05:45 AM
Golar LNG Orders 4th FLNG Vessel, Boosting Capacity by 40% to 12 MTPA
AI Summary
Golar LNG Limited has announced an Engineering, Procurement and Construction (EPC) agreement with Yantai CIMC Raffles Offshore Limited for its fourth FLNG vessel, a second MKII design. This new vessel will have an annual liquefaction capacity of 3.5 MTPA and a total budget of approximately US$2.45 billion, with delivery expected by year-end 2029. The project will boost Golar's controlled liquefaction capacity by 40% to over 12 MTPA, solidifying its market position. Black & Veatch will provide key technology and engineering, and Golar is already in advanced commercial discussions for a long-term charter contract for the unit.
Key Highlights
- Executed EPC agreement for 4th FLNG vessel with Yantai CIMC Raffles Offshore Limited.
- New FLNG vessel to have an annual liquefaction capacity of 3.5 Million Tons of LNG Per Annum (MTPA).
- Total project budget is approximately US$2.45 billion, delivered to its prospective site.
- Expected delivery from the shipyard by year-end 2029, offering the earliest available FLNG capacity globally.
- Increases Golar's controlled liquefaction capacity by about 40% to above 12 MTPA.
- Black & Veatch will provide its licensed PRICO® liquefaction technology and engineering support.
- Advanced commercial discussions for a long-term charter contract for the unit are in progress.
Price Impact
More from GLNG