Golar LNG has pulled the trigger on a fourth floating LNG unit， ordering another 3.5 mtpa MKII FLNG at China’s CIMC Raffles for delivery by the end of 2029.

The Nasdaq-listed company has taken a final investment decision on the project， which is expected to cost around $2.45bn. The addition will lift Golar’s controlled liquefaction capacity by 41% to more than 12 mtpa.

The order follows Golar’s first 3.5 mtpa MKII unit， currently under conversion at the same yard using the former 148，500 cu m LNG carrier Fuji LNG. That $2.2bn project is scheduled for delivery in the fourth quarter of 2027 before starting a 20-year charter with Southern Energy off Argentina in the second half of 2028.

Golar already has two FLNGs on the water. Gimi started a 20-year charter with bp at the Greater Tortue Ahmeyim development off Mauritania and Senegal last year， while Hilli is moving from Cameroon to Argentina via life-extension and upgrade work at Seatrium in Singapore ahead of another 20-year contract.

The latest investment further concentrates Golar around floating liquefaction. The company sold its last LNG carrier， the Golar Arctic， for $24m in early 2025， ending a 50-year presence in LNG shipping.