The work is being carried out at the CIMC Raffles shipyard in Yantai, China, which is where TMC will supply its marine compressed air system. Golar’s total conversion budget is approximately $2.2 billion, of which $1 billion has already been spent.
Hans-Petter Tanum , TMC’s Director of Sales and Business Development, highlighted: “This is a major vessel that requires a large capacity compressed air system. Operating far from shore, operational reliability is obviously key. That is exactly what we are aiming to ensure with our system, which has been designed solely for marine and offshore use.”
The Argentina LNG project, estimated to be worth $50 billion, is anticipated to benefit from significant operational efficiencies and synergies from two FLNGs in the same area. The MKII FLNG has a nameplate capacity of 3.5 mtpa and is expected to begin operations in 2028.