Golar LNG acquires conversion vessel for 4th FLNG

FLNG #4 is scheduled for redelivery in 2029, with approximately 20% more LNG storage capacity than FLNG Esperanza.

Rhea-AI Summary

Golar LNG (NASDAQ: GLNG) has agreed to acquire the LNG carrier Grace Dahlia from NYK Line for its fourth floating liquefied natural gas facility.

The vessel, built in 2013, is intended for conversion into FLNG #4, which Golar ordered on August 12, 2026. Grace Dahlia has 177,427 cubic meters of LNG storage capacity, approximately 20% more than FLNG Esperanza, the 3.5-million-tonnes-per-year facility currently under construction. Golar expects the larger storage capacity to give prospective customers additional offloading flexibility while retaining a repeat MKII design.

FLNG #4 will be converted alongside FLNG Esperanza at CIMC Raffles’ Yantai shipyard in China, with redelivery scheduled for 2029. The agreement secures the intended conversion vessel; the conversion and redelivery remain future events.

2 points · 0 major

PositiveiHow this balance works

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointGrace Dahlia acquisition agreement provides the intended conversion vessel for Golar’s fourth floating LNG facility.
• Minor point. Forward-looking: it has not happened yet and may not happen.FLNG #4 conversion is planned at CIMC Raffles’ Yantai shipyard, with redelivery scheduled for 2029.

Negative

• None.

News Explained

Golar has agreed to acquire Grace Dahlia, but the release gives no purchase price or closing conditions, so the agreed transaction’s cost and requirements for completion cannot be assessed.

Key Figures

LNG storage capacity: 177,427 cbm Storage capacity versus FLNG Esperanza: approximately 20% larger Scheduled redelivery: 2029

LNG storage capacity

177,427 cbm

Grace Dahlia, intended for conversion into FLNG #4

Storage capacity versus FLNG Esperanza

approximately 20% larger

Comparison with the 3.5MTPA FLNG Esperanza under construction

Scheduled redelivery

2029

FLNG #4

Key Terms

lng, flng, mtpa

3 terms

lng technical

"acquire the LNG carrier Grace Dahlia from NYK Line"

Liquefied natural gas (LNG) is natural gas that has been cooled into a liquid so it takes up far less space for transport and storage, like turning a bulky bundle into a compact package for shipping. Investors care because LNG enables gas trade across regions without pipelines, so changes in production, export capacity, shipping, or demand can quickly affect energy company revenues, infrastructure operators and commodity prices, amplifying both opportunity and risk.

flng technical

"conversion into Golar’s fourth FLNG (“FLNG #4”)"

A FLNG is a floating facility — basically a factory on a ship — that extracts, processes and cools natural gas at sea so it can be loaded onto tankers and sold as liquefied natural gas. For investors it matters because FLNG projects can unlock remote offshore gas resources without building long pipelines, but they require large upfront spending, carry construction and safety risks, and can strongly influence a company’s future cash flow and profit when production begins.

mtpa technical

"compared to the 3.5MTPA FLNG Esperanza"

mtpa stands for million tonnes per annum and is a measure of how much material a facility or industry — such as mining, oil, gas, chemicals, or cement — can produce in one year. Investors care because it quantifies production capacity like a factory’s hourly output, which helps estimate potential revenue, assess supply impact on prices, and compare scale between projects or companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Golar LNG Limited (NASDAQ: GLNG) (“Golar” or “the Company”) announces today that it has agreed to acquire the LNG carrier Grace Dahlia from NYK Line. The Grace Dahlia was built in 2013 and has been maintained and managed to the highest operational standards by NYK Line.

The vessel is intended to be used for conversion into Golar’s fourth FLNG (“FLNG #4”) ordered on August 12, 2026. Grace Dahlia has an LNG storage capacity of 177,427cbm, providing FLNG #4 with approximately 20% larger storage capacity compared to the 3.5MTPA FLNG Esperanza currently under construction. The larger storage capacity will provide prospective FLNG customers with additional offloading flexibility while retaining the benefits to Golar of a repeat MKII design. The FLNG #4 will be converted alongside FLNG Esperanza at CIMC Raffles’ Yantai shipyard in China. With redelivery scheduled for 2029, FLNG #4 represents the world’s earliest available FLNG capacity.

FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda
October 7, 2026
Investor Questions: +44 207 063 7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What vessel is Golar LNG acquiring for FLNG #4?

Golar has agreed to acquire Grace Dahlia from NYK Line for conversion into FLNG #4. The LNG carrier was built in 2013 and has 177,427 cubic meters of LNG storage capacity.

When and where will Golar LNG’s FLNG #4 be converted and delivered?

FLNG #4 will be converted at CIMC Raffles’ Yantai shipyard in China, with redelivery scheduled for 2029. Conversion will take place alongside FLNG Esperanza, which is currently under construction.