Golar LNG Secures $1.2 Billion FLNG Gimi Refinancing Deal with Chinese Lenders
(P&GJ) — Golar LNG Limited has signed finance lease agreements with a consortium of leading Chinese leasing companies to refinance the existing FLNG Gimi debt facility. The $1.2 billion sale-leaseback facility is expected to close in Q2 2025, pending documentation and third-party approvals.
The 12-year lease agreement will follow a 17-year amortization schedule, with quarterly repayment installments. Upon closing and repayment of the existing debt facility, Gimi MS Corporation is projected to generate net proceeds of approximately $530 million, including the release of existing interest rate swaps.
Golar LNG will receive 70% of these proceeds, amounting to $371 million. The transaction strengthens Golar’s financial position while supporting the long-term viability of the FLNG Gimi project.
FLNG Gimi is a floating liquefied natural gas vessel owned and operated by Golar LNG. Converted from a 1975-built Moss LNG carrier, Gimi has a production capacity of approximately 2.5 million tonnes of LNG per annum.
The Author
Mary Holcomb is the Digital Editor & Operations Manager at Gulf Energy Information, overseeing the Pipeline & Gas Journal, World Oil, and Underground Infrastructure brands. With over 5 years of experience, she drives digital content strategy and operations for these industry-leading publications.
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