Golar LNG Limited has signed an Engineering, Procurement, and Construction (EPC) agreement with CIMC Raffles for the construction of a MK II Floating LNG Production (FLNG) vessel, which will have a liquefaction capacity of 3.5 million tons of LNG per annum (MTPA).
The vessel is based on the conversion of the existing LNG carrier Fuji LNG, with a total project budget of $2.2 billion. It is scheduled for delivery in Q4 2027, making it the earliest available floating liquefaction capacity globally. As informed, Black & Veatch will provide its technology for the topside equipment and liquefaction process.
With a delivered price of around USD 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.
… said Golar CEO, Karl Fredrik Staubo
According to Golar LNG, the MK II design is an advancement of Golar’s previous FLNG units, Hilli and Gimi, incorporating efficiency improvements and operational enhancements. Golar has already invested $300 million into the project, which is 63% complete. The agreement also includes an option for a second MK II FLNG unit to be delivered by 2028.
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.
… commented Wang Jianzhong, CEO and President of CIMC Raffles
Meanwhile, Black & Veatch’s Fuels & Natural Resources sector President Laszlo von Lazar stated that the MK II demonstrates a clear commitment to reliable, consistent energy through Floating LNG, to help meet global demands during the energy transition.
