Golar LNG orders fourth FLNG unit for 2029 delivery
Published by Jessica Casey,
Editor
LNG Industry,
Golar LNG Ltd has executed an EPC agreement with Yantai CIMC Raffles Offshore Ltd (CIMC Raffles) for its fourth floating LNG (FLNG) and second MKII design FLNG production vessel with a liquefaction capacity of 3.5 million tpy of LNG. The fourth FLNG conversion project has a total budget of approximately US$2.45 billion delivered to its prospective site. Golar’s fourth FLNG is expected to be delivered from the shipyard by year end 2029 and will be the earliest available FLNG capacity globally. A donor vessel for the conversion project has been secured.
The FLNG vessel will be the second FLNG of the Golar MKII design, similar to the FLNG Esperanza currently under construction at CIMC Raffles. Significant synergies will be realised from building a repeat design and from having two units with overlapping construction at the same shipyard. As part of the EPC agreement with CIMC Raffles, Black & Veatch will provide its licensed PRICO® liquefaction technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the FLNG topsides and liquefaction process.
The ordering of the MK II FLNG strengthens Golar’s position as the market leading owner of FLNGs, increasing our controlled liquefaction capacity by about 40% to above 12 million tpy. Golar targets a long-term charter contract for the unit. Advanced commercial discussions for employment are in progress.
Golar CEO, Karl Fredrik Staubo, commented: “We are pleased to announce the ordering of Golar’s fourth FLNG unit, and our second MKII FLNG with nameplate liquefaction capacity of 3.5 million tpy. We believe this FLNG order, combining the world’s earliest available FLNG delivery and Golar’s market leading operational track record, is well positioned to provide prospective clients with an attractive gas monetisation solution, whilst driving value for Golar. We look forward to expanding our relationship with partners CIMC Raffles and Black & Veatch towards another successful FLNG project.”
Wang Jianzhong, CEO and President of CIMC Raffles, added: “We are very pleased and honored to be selected by Golar for the second MKII FLNG project. Golar’s decision to place a repeat order with CIMC Raffles while the first MKII FLNG is still under construction demonstrates the strong confidence in our engineering, construction and project execution capabilities, as well as the strength of our partnership. CIMC Raffles has always upheld our corporate culture of ‘delivering with excellence and building lasting friendships,’ and we are committed to earning the trust of our customers through reliable delivery and long-term part-nership. With the experience gained from the first MKII project and the significant synergies of the repeat design, we are confident in delivering this project with greater efficiency, quality and schedule certainty. CIMC Raffles looks forward to continuing our close collaboration with Golar and Black & Veatch and to jointly delivering more successful FLNG projects.”
Read the article online at: https://www.lngindustry.com/floating-lng/13082026/golar-lng-orders-fourth-flng-unit-for-2029-delivery/
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