Golar LNG rises after signing $1.6 bln EPC contract

Manitowoc

18/09/2024 14:14

** Shares of natural gas firm Golar LNG  GLNG.O  rise 3.86%
to $34.75 premarket
    ** Co signs $1.6 bln engineering, procurement and
construction (EPC) contract with China-based shipbuilding co
CIMC Raffles for the sale of its MK II Floating LNG Production
(FLNG) vessel
    ** GLNG's FLNG vessel has an annual liquefaction capacity of
3.5 mln tons per annum
    ** Vessel expected to be delivered in Q4 of 2027
    ** As of last close, stock is up 45.54% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com;))