Golar LNG Announces New FLNG Vessel Project
Company Announcements

Golar LNG Announces New FLNG Vessel Project

Golar LNG (GLNG) has released an update.

Golar LNG has announced the signing of an EPC agreement with CIMC Raffles for a new MK II Floating LNG Production vessel, set to increase the company’s liquefaction capacity by 70% to 8.6 MTPA and expected to deliver in Q4 2027. The project, priced at $2.2 billion, aims to advance Golar’s position as a leading owner of FLNGs, with the new FLNG vessel having an expected earnings potential of around $0.5 billion annual EBITDA. The agreement also includes an option for a second FLNG unit, reinforcing the company’s commitment to providing innovative FLNG solutions to the market.

For further insights into GLNG stock, check out TipRanks’ Stock Analysis page.

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