Golar LNG Orders 4th FLNG Unit in $2.45 Billion Expansion Project

Key Facts

1Golar LNG executed an EPC agreement with CIMC Raffles for its fourth FLNG unit.

2The total budget for the 4th FLNG conversion project is approximately US$2.45 billion.

3The unit is expected to be delivered by year-end 2029 with an annual capacity of 3.5 MTPA.

In a move reflecting strategic expansion in offshore energy infrastructure, Golar LNG has announced the execution of an Engineering, Procurement, and Construction (EPC) agreement with CIMC Raffles. The deal covers the construction of the company's fourth Floating LNG Production (FLNG) unit, which utilizes the MKII design. According to reports, this initiative aims to secure the earliest available FLNG capacity globally by the end of the decade.

The total budget for this fourth conversion project is approximately US$2.45 billion, with a planned annual liquefaction capacity of 3.5 million tons (MTPA). Golar LNG is leveraging long-standing supplier relationships to target a shipyard delivery by year-end 2029. This significant capital commitment underscores the company's focus on scaling its controlled liquefaction footprint within the energy sector.

Based on current market data, updated price levels for GLNG shares are unavailable (as of close August 13, 2026). Investors should monitor broader trade dynamics, including upcoming trade balance data from major economies, noting that China's trade balance was reported at $112.5 billion on August 7, 2026, which serves as a key indicator for global energy demand trends.

Sources:

globenewswire.com