Golar LNG Ltd. has signed an engineering, procurement and construction (EPC) agreement with offshore servicer CIMC Raffles for its MK II floating LNG (FLNG).

The total EPC price is US$1.6 billion, Golar said in a Sept. 17 press release.

As part of the agreement, Black & Veatch will provide its PRICO technology, engineering and process design and perform topside support for MK II, Golar said.

The vessel has a liquefaction capacity of 3.5 million tons of LNG per annum (mtpa) and will utilize the Golar owned carrier Fuji LNG, which has a a storage capacity of 148,500 cu. m.

Golar said MK II is an evolution of the MK I design FLNG Hilli and FLNG Gimi, which Black & Veatch also provided commissioning support for.

MK II is expected to be delivered in fourth-quarter 2027. 

The ordering of the MK II increases Golar’s controlled liquefaction capacity by about 70% to 8.6 mtpa, according to CEO Karl Fredrik Staubo.

“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,” Staubo said in the release.

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