Flex LNG Ltd. («Flex LNG» or «Company») (NYSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement (“TC”) with a minimum firm period of two (2) years for Flex Aurora. The charterer, a Supermajor, will have the option to extend the contract with additional 2+2+2 years i.e. total contract length is potentially up to eight (8) years. If all options are declared, the vessel will be committed until 2034. The vessel was redelivered from its previous 3.5-years charter in the first half of March 2026, and the vessel has been successful in finding new employment with prompt delivery. Flex Aurora, built 2020, is a modern 174,000 cbm LNG carrier with X-DF two-stroke propulsion.
Following this announcement, Flex LNG’s total contract backlog is minimum 55 years, which may increase to 82 years if the charterers exercise their options.
Marius Foss, CEO of Flex LNG Management AS, commented:
“We are pleased to announce a new time charter contract for Flex Aurora, capitalizing on the firm momentum in the freight market. This new minimum two-year firm contract adds further contract backlog, and it may be extended by up to an additional six years at the charterer’s option, reflecting continued recognition of our safe and reliable operations.
We believe there are currently favourable dynamics in the LNG shipping spot market, and with the commencement of this minimum two-year contract for Flex Aurora, we will have two vessels trading in what is presently a firm spot market. At the same time, we see that energy markets remain highly volatile, and conditions may change rapidly.”
The new contract for Flex Aurora, combined with the Company’s remaining spot exposure, is expected to contribute positively to earnings in the second quarter of 2026. Given the continued uncertainty and volatility in the LNG shipping and broader energy markets, the Company is closely monitoring market developments. As a result, the full-year guidance as presented in the Company’s fourth quarter 2025 earnings release and related presentation may be subject to revision, and the Company will update the market as appropriate and/or legally required.
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