The Bermuda-based and Nasdaq listed Golar LNG Limited (Golar) has executed an engineering, procurement and construction (EPC) agreement with Yantai CIMC Raffles Offshore Limited (CIMC Raffles) for its fourth FLNG and second MKII design floating LNG production (FLNG) vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum (MTPA).
The 4th FLNG conversion project has a total budget of approximately US$2.45bn delivered to its prospective site.
Golar’s 4th FLNG is expected to be delivered from the shipyard by year end 2029. 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.
As part of the 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.
Golar said it targets a long-term charter contract for the unit while advanced commercial discussions for employment are in progress.
Karl Fredrik Staubo, chief executive officer of Golar, commented: “We are pleased to announce the ordering of Golar’s 4th FLNG unit, and our second MKII FLNG with nameplate liquefaction capacity of 3.5MTPA.
“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 monetization 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.”
