Golar LNG in talks for future redeployment of FLNG Hilli, further projects

Nov. 22, 2023
Golar LNG has issued an update on its latest FLNG and FSRU initiatives in a results statement.

Offshore staff

OSLO, Norway — Golar LNG has issued an update on its latest FLNG and FSRU initiatives in a results statement.

Following the recent sailaway of the FLNG Gimi from Singapore for bp’s Greater Tortue Ahmeyim project offshore Mauritania, Golar plans to focus on debt optimization alternatives for future projects, targeting an increase in facility size, a reduction in margin, and an extended repayment profile and duration compared to its current facility.

Discussions continue on re-contracting the FLNG Hilli following the end of its current charter offshore Cameroon in July 2026, with various companies including gas field owners showing interest.

Commercial discussions are underway for three re-contracting opportunities; Golar aims to secure a commitment next year.

Other talks on progressing FLNG growth include advancing commercial terms with gas resource owners, site-specific work and interactions with governments of various West African countries. There is also growing interest for Golar’s FLNG solution in the Americas.

Most of the projects under discussion could involve Golar either participating as an equal partner with the gas resource owner and upstream partner in a gas field development, or alternative arrangements under which the company would be exposed to gas offtake prices.

Ordering continues of long lead items for a MKII 3.5-MMt/yr FLNG project, with Golar expecting to take delivery of the Fuji LNG carrier for an FLNG conversion during first-quarter 2024. The engineering and detailed design is fully developed and ready for project initiation.



Courtesy Golar LNG's second-quarter 2023 results presentation
Gimi in the final stages of completion at Keppel
Courtesy Golar LNG
Golar Lng Carriers