On 23 October 2025, Golar LNG Limited announced today that all conditions precedent and customary closing conditions for the 20‑year charter of its 3.5 million‑ton‑per‑annum (MTPA) MKII FLNG to Southern Energy S.A. (SESA) in Argentina have been satisfied. The charter confirms a $8 billion net earnings backlog and $400 million in annual EBITDA before commodity exposure and inflationary adjustments.
The 20‑year agreement covers the MKII FLNG, a 3.5 MTPA vessel currently undergoing conversion in China, and includes a commodity‑tariff component as well as Golar’s 10 % equity stake in SESA. The charter provides a commodity‑linked upside that enhances the company’s earnings profile beyond the base EBITDA, while the 20‑year term delivers long‑term revenue certainty for Golar’s FLNG fleet.
With this milestone, all three of Golar’s existing FLNG units now hold 20‑year contracts, bringing the company’s total EBITDA backlog to $17 billion before commodity upside. The confirmation strengthens Golar’s balance sheet, reduces project risk, and positions the company to focus on new FLNG growth opportunities while delivering a stable earnings stream to shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.