Golar LNG Orders 4th FLNG Unit for $2.45B, Boosting Capacity 40%

summarizeSummary

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.

check_boxKey Events · M&A and Partnerships · GLNG

• 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.

• Capacity Expansion

  Controlled liquefaction capacity increases by about 40% to above 12 MTPA, solidifying Golar's position as the market-leading FLNG owner.

• 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.

• Technology Partnership

  Black & Veatch will provide its licensed PRICO liquefaction technology, detailed engineering, topside equipment procurement, and commissioning support.

auto_awesomeAnalysis · 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.