Golar LNG Acquires Vessel for Fourth Floating LNG Project Targeted for 2029
Golar LNG Limited (GLNG) has acquired the Grace Dahlia, a 2013-built LNG carrier vessel, to advance its fourth floating liquefied natural gas (FLNG) project. The company plans to convert the ship into FLNG #4, targeting redelivery in 2029 to capture expanding global demand for floating natural gas infrastructure.
The converted vessel will feature about 20% more storage capacity than the 3.5 MTPA FLNG Esperanza currently under construction. Conversion work will take place alongside FLNG Esperanza at the CIMC Raffles Yantai shipyard in China, allowing Golar to benefit from shared expertise and standardized design elements.
While the extra capacity provides potential customers with greater offloading flexibility, long-term returns will depend on project execution, conversion costs, and securing commercial contracts. Shares of Golar LNG Limited rose 0.79% to $48.30 following the announcement, bringing its trailing one-year gain to 21.4%.
Key points
- Golar LNG Limited (GLNG) acquired the 2013-built LNG carrier Grace Dahlia for conversion into FLNG #4.
- Targeted for 2029 redelivery, the vessel offers roughly 20% more storage capacity than FLNG Esperanza.
- Conversion will take place alongside FLNG Esperanza at the CIMC Raffles Yantai shipyard in China.
- Golar LNG stock traded up 0.79% to $48.30 following the announcement.
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What vessel did Golar LNG acquire for its FLNG #4 project?
Golar LNG Limited acquired the Grace Dahlia, a 2013-built LNG carrier, which will be converted into its fourth floating LNG unit.
When is Golar LNG's FLNG #4 expected to be delivered?
FLNG #4 is scheduled for redelivery in 2029 following conversion work at CIMC Raffles' Yantai shipyard in China.
How does FLNG #4 compare to FLNG Esperanza?
FLNG #4 features approximately 20% greater storage capacity than the 3.5 MTPA FLNG Esperanza currently under construction.