Golar LNG Secures 20-Year Charter for MKII FLNG in Argentina

Reuters
10/23
Golar LNG Secures 20-Year Charter for MKII FLNG in Argentina

Golar LNG Ltd. has announced the satisfaction of all conditions precedent and customary closing conditions for the 20-year charter of its 3.5 million tonnes per annum (MTPA) MKII Floating Liquefied Natural Gas $(FLNG)$ unit to Southern Energy S.A. in Argentina. The agreement confirms an $8 billion EBITDA backlog over the 20-year period, equivalent to $400 million in annual EBITDA before commodity exposure and inflationary adjustments. The MKII FLNG, currently being converted in China, is scheduled for delivery by the end of 2027, with operations expected to begin in 2028. The project has received all necessary governmental approvals, including a 30-year LNG export authorization and qualification as a strategic investment under Argentina's Large Investments Incentive Regime.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Golar LNG Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001134618-en) on October 23, 2025, and is solely responsible for the information contained therein.

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