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.
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