Seatrium, a leading provider of specialised engineering solutions, has announced a Letter of Intent with Golar LNG Limited to advance a potential third Floating Liquefied Natural Gas (FLNG) conversion project. This collaboration builds on Seatrium’s successful delivery of two previous FLNG conversions for Golar, namely FLNG Hilli Episeyo in 2017 and FLNG Gimi in 2023.
The new project aims to finalise an Engineering, Procurement, and Construction (EPC) contract by the second half of 2026. Seatrium and Golar will work together on technical design development and project definition activities, supported by an upfront consideration for Seatrium’s efforts prior to the EPC contract execution.
The demand for LNG is expected to grow by approximately 65% by 2050, reaching nearly 700 metric tonnes per annum. As countries seek to enhance energy security, FLNG conversion is emerging as a flexible solution to unlock offshore gas resources, allowing for production, liquefaction, and export directly at sea.
Marlin Khiew, Executive Vice President of Seatrium Energy (Projects), expressed pride in partnering with Golar again, highlighting Seatrium’s proven track record in delivering complex floating gas solutions. Morten Skjong, Chief Technical Officer of Golar, emphasised the long-standing partnership with Seatrium and the potential for further FLNG projects.
With increasing LNG demand and interest in flexible gas monetisation solutions, Seatrium is well-positioned to support customers across the LNG value chain through its comprehensive engineering, conversion, and EPC capabilities.
