Flex LNG Secures Multi-Year Time Charter for Flex Aurora with Supermajor

**Flex LNG Ltd. strengthens contract portfolio with long-term LNG carrier employment** Flex LNG Ltd. (NYSE: FLNG) announced a significant new time charter agreement for the LNG carrier Flex Aurora with a major oil and gas supermajor, reflecting continued strength in the LNG shipping market. The agreement establishes a minimum two-year firm period, with charterer options for three additional two-year extensions (2+2+2), potentially extending the employment through 2034 and providing up to eight years of firm and optional employment. The contract takes immediate effect following the vessel's completion of its previous 3.5-year charter in March 2026. **Vessel Specifications and Market Position** Flex Aurora, a modern LNG carrier built in 2020, carries a capacity of 174,000 cubic meters and is equipped with X-DF two-stroke propulsion technology, positioning it among the fleet's newer, more efficient tonnage. The immediate re-employment of the vessel underscores robust demand for modern LNG shipping capacity. Following this announcement, Flex LNG's total contract backlog reaches a minimum of 55 years, with the potential to expand to 82 years should all charterer options be exercised—reflecting substantial employment security across the company's operating fleet. **Market Momentum and Financial Impact** CEO Marius Foss commented on the achievement: "We are pleased to announce a new time charter contract...capitalizing on the firm momentum in the freight market." Management expects the contract to contribute positively to second-quarter 2026 earnings, though the company noted that full-year 2026 guidance may be subject to revision due to continued market volatility in the LNG shipping sector. The contract represents a vote of confidence in Flex LNG's modern tonnage at a time when supermajor companies are securing long-term LNG capacity to meet energy demand.