Golar LNG has entered into a letter of intent (LOI) with Singapore-based shipbuilder Seatrium to advance a potential third floating LNG (FLNG) conversion project to be undertaken by Seatrium for Golar.
Under the arrangement, Seatrium and Golar will work together to advance technical design development and project definition activities, with the objective of finalising an engineering, procurement and construction (EPC) contract in the second half of 2026.
An upfront consideration will support Seatrium’s activities relating to the LOI to be undertaken prior to EPC contract execution.
Seatrium said the contemplated project will build on the long-standing partnership between Seatrium and Golar, following the successful delivery of the FLNG Hilli Episeyo in 2017 and the FLNG Gimi in 2023. These projects are, to-date, the world’s only two operational FLNG vessels converted from existing LNG carriers.
"With the FLNG Hilli on its way to Seatrium for vessel upgrades ahead of its 20-year charter in Argentina, we will seek to further expand our FLNG collaboration through today’s announced LOI," Morten Skjong, Chief Technical Officer of Golar, said during the LOI signing on Thursday, August 13.