(Source: Shutterstock.com)
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.
Recommended Reading
US Navy Taps Sage Geosystems for Geothermal Initiatives in Texas
2024-10-03 - The expanded collaboration with the Department of Defense follows Sage-led geothermal initiatives at Fort Bliss and the Ellington Field Joint Reserve Base in Texas.
Fervo Energy Achieves ‘Record Breaking’ Geothermal Well Flow Rates
2024-09-10 - Fervo Energy’s Cape Station project will generate 90 megawatts of renewable energy capacity during its first phase.
Energy Transition in Motion (Week of Oct. 11, 2024)
2024-10-11 - Here is a look at some of this week’s renewable energy news, including nearly $7.9 million in bids for geothermal leases in Nevada.
SLB Proves Direct Lithium Extraction Technology
2024-09-10 - SLB says its integrated technology solution produces lithium from brine faster than conventional methods while using less land, water and chemicals.
Sage, California Resources to Partner on Geothermal, Energy Storage
2024-09-25 - Sage Geosystems and California Resources Corp. signed of a memorandum of understanding to pursue subsurface energy storage and geothermal power generation in California.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.