Traders should monitor Golar's progress on securing a long-term charter contract for this FLNG unit, as a signed charter would validate the project's economics and likely drive further upside. The 2029 delivery timeline means near-term cash flows are not affected, but the order signals strong demand for FLNG services and Golar's execution capability.
Price Chart
Executive Summary
Golar LNG has signed an EPC agreement with CIMC Raffles for its fourth FLNG vessel, a second MKII design unit with 3.5 MTPA capacity, at a total budget of ~$2.45 billion. The vessel is expected to be delivered by year-end 2029, making it the earliest available FLNG capacity globally. This order increases Golar's controlled liquefaction capacity by ~40% to over 12 MTPA and is backed by advanced commercial discussions for a long-term charter contract, positioning the company as the leading FLNG owner.
Key Financial Metrics
Key Facts
- Golar executed an EPC agreement with CIMC Raffles for its fourth FLNG vessel, a second MKII design.
- Total project budget is approximately US$2.45 billion delivered to its prospective site.
- The FLNG vessel has an annual liquefaction capacity of 3.5 MTPA.
- Expected delivery from the shipyard by year-end 2029, described as the earliest available FLNG capacity globally.
- A donor vessel for the conversion has been secured.
- Black & Veatch will provide PRICO® liquefaction technology and engineering support.
- Golar's controlled liquefaction capacity will increase by about 40% to above 12 MTPA.
- Advanced commercial discussions for a long-term charter contract are in progress.
Financial Impact
Total project budget of approximately US$2.45 billion for the fourth FLNG vessel.
Risk Factors
- Execution risk on a large-scale conversion project with a 2029 delivery target.
- Potential delays in securing a long-term charter contract, which could impact project returns.
- Commodity price and LNG market demand fluctuations could affect charter rates.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3344291 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $45.61 | awaiting T+20 | — | $45.21 (−0.88%) |
Oct 19, 2026 8d ago | 6-K | $44.85 | awaiting T+20 | — | $45.21 (+0.80%) |
Oct 19, 2026 8d ago | Press Release | $44.85 | awaiting T+20 | — | $45.21 (+0.80%) |
Oct 7, 2026 19d ago | 6-K | $49.14 | awaiting T+20 | — | $45.21 (−8.00%) |
Sep 24, 2026 4w ago | 6-K | $49.61 $45.61 | ▲ +8.06% | ▲ +6.59% | $45.21 (+8.87%) |
Sep 24, 2026 4w ago | Press Release | $49.61 $45.61 | ▲ +8.06% | ▲ +6.59% | $45.21 (+8.87%) |
Sep 21, 2026 5w ago | 6-K | $51.36 $44.85 | ▼ −12.68% | ▼ −11.77% | $45.21 (−11.97%) |
Sep 21, 2026 5w ago | Press Release | $51.36 $44.85 | ▼ −12.68% | ▼ −11.77% | $45.21 (−11.97%) |
Aug 19, 2026 9w ago | 6-K | $52.24 $50.79 | ▼ −2.78% | ▼ −0.82% | $45.21 (−13.46%) |
Aug 13, 2026 10w ago | 6-K | $51.21 $52.89 | ▲ +3.28% | ▲ +5.03% | $45.21 (−11.72%) |
US Market Status
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