Golar LNG Orders 4th FLNG Unit for $2.45B, Boosting Capacity 40%
GLNG sits 54% above its 52-week low of $35.02.
Summary
Golar LNG ordered a fourth FLNG unit from CIMC Raffles for about $2.45 billion, increasing its liquefaction capacity by 40% to over 12 MTPA, with delivery expected by end-2029.
Updates
· SEC 6-K — Closed $600 million senior secured RCF with ABN AMRO, Citibank, Danske Bank, and Standard Chartered Bank; tenor 18 months from October 1, 2026, interest at 3-month SOFR plus 3.00% margin.
Key Events · M&A and Partnerships · GLNG
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4th FLNG Unit Ordered
An EPC agreement was executed with CIMC Raffles for a fourth FLNG and second MKII design vessel with 3.5 MTPA capacity, at a total budget of approximately US$2.45 billion delivered to site.
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Capacity Expansion
Controlled liquefaction capacity increases by about 40% to above 12 MTPA, solidifying Golar's position as the market-leading FLNG owner.
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Delivery Timeline
Delivery from the shipyard is expected by year-end 2029, making it the earliest available FLNG capacity globally; a donor vessel for conversion has been secured.
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Technology Partnership
Black & Veatch will provide its licensed PRICO liquefaction technology, detailed engineering, topside equipment procurement, and commissioning support.
Analysis · GLNG · Energy & Transportation
A major capital commitment has been made by Golar LNG, which executed an EPC agreement with CIMC Raffles for its fourth FLNG vessel—a second MKII design with 3.5 MTPA capacity—at a total budget of approximately US$2.45 billion. This expands Golar's controlled liquefaction capacity by about 40% to above 12 MTPA, reinforcing its position as the market-leading owner of FLNGs. The unit is expected to be delivered by year-end 2029, and Golar is in advanced commercial discussions for a long-term charter. The order leverages synergies from a repeat design and overlapping construction at the same shipyard, with Black & Veatch providing the PRICO liquefaction technology. This is a significant strategic expansion that strengthens Golar's long-term revenue potential, though it also represents a substantial capital outlay that will need to be financed.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GLNG was trading at $54.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $35.02 to $57.79. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.