Golar LNG Closes $1.2 Billion FLNG Gimi Refinancing to Boost Offshore Gas Capacity

Golar LNG has closed a $1.2 billion refinancing for its FLNG Gimi vessel, unlocking $400 million in liquidity and securing improved terms for one of the world’s major floating LNG assets. The deal signals strong lender appetite for offshore gas infrastructure amid rising global LNG demand.

Golar LNG has secured a new $1.2 billion refinancing package for its FLNG Gimi vessel, underscoring strong lender confidence in floating liquefaction projects as global LNG demand expands.

The company announced it has closed and drawn the seven-year, asset-backed debt facility with a banking group that includes ABN AMRO, Citibank, DNB, Goldman Sachs, and Standard Chartered. The proceeds refinance an existing $627 million facility tied to FLNG Gimi and release approximately $400 million in net liquidity to Golar after repayment and the unwind of interest-rate swaps.

The new facility features a 16-year amortization schedule and pricing at SOFR plus 2.50%—improved terms compared to the vessel’s original construction financing.

FLNG Gimi, operating under a long-term liquefaction contract, continues to be a major component of Golar’s offshore LNG portfolio. CEO Karl Fredrik Staubo said the refinancing demonstrates the “bankability” of the company’s floating LNG assets at roughly a 5.5x debt-to-EBITDA ratio once operational.

The transaction reflects ongoing financial appetite for LNG infrastructure as the industry seeks flexible offshore liquefaction capacity to supply global markets.