Golar LNG finalises EPC contract with CIMC Raffles for FLNG vessels

With an annual liquefaction capacity of 3.5m tons of LNG per annum, the MK II FLNG is expected to be delivered in Q4 2027, making the MK II FLNG the earliest available floating liquefaction capacity globally, according to the company.

As part of the EPC agreement Golar has also secured an option for a second MK II FLNG conversion slot at CIMC for delivery within 2028.

Golar CEO, Karl Fredrik Staubo commented: “We are pleased to announce the ordering of a MK II FLNG, a significant milestone for Golar and our partners CIMC and Black & Veatch.

“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 70% to 8.6 MTPA. With a delivered price of around US$600/ton of liquefaction capacity and an attractive Q4 2027 delivery, we believe today’s FLNG order is well positioned to offer prospective clients an attractive time-to-market to enable gas monetization, whilst driving value for Golar,” he said.

Wang Jianzhong, CEO and President of CIMC Raffles, stated that “The signing of this new project further solidifies CIMC’s leadership position in offshore projects. It demonstrates CIMC’s ability to handle large, complex projects that meet the highest industry standards. CIMC will continue to focus on the independent development and manufacturing of high-end offshore equipment, committed to providing high-quality, innovative solutions for the global energy market.”