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Assets Under Development (Tables)
 9 Months Ended
Sep. 30, 2024
Extractive Industries [Abstract]  
Schedule for assets under development
September 30, 2024December 31, 2023
(in thousands of $)FLNG Gimi
MKII FLNG (1)
TotalFLNG GimiMKII FLNGTotal
Opening asset under development balance1,562,828 — 1,562,828 1,152,032 — 1,152,032 
Transferred from other non-current assets (note 16)
— 255,288 255,288 — — — 
Additions104,962 29,120 134,082 338,327 — 338,327 
Interest costs capitalized67,523 — 67,523 72,469 — 72,469 
Closing asset under development balance1,735,313 284,408 2,019,721 1,562,828 — 1,562,828 
(1) On September 17, 2024, we entered into an EPC agreement for a MK II FLNG. The entry into the binding EPC reinforces the likelihood of the MKII FLNG conversion to be virtually certain to occur, consequently all MKII FLNG costs previously classified as "Other non-current assets" were reclassified to "Assets under development" on the unaudited consolidated balance sheets.
Transfers from "Other non-current assets" include amounts capitalized as at June 30, 2024 of $215.6 million and additional amounts capitalized during the quarter from July 1, 2024 to September 17, 2024 of $39.7 million. Costs incurred after this date have been presented as additions to MKII FLNG asset under development.
Schedule of fiscal year maturity As of September 30, 2024, the estimated timing of the outstanding payments is as follows:
(in thousands of $)
Period ending December 31,
2024 (1)
55,916 
2025157,960 
Total213,876 
(1) For the three months ending December 31, 2024.
As of September 30, 2024, the estimated timing of the outstanding payments is as follows:
(in thousands of $)
Period ending December 31,
2024 (1)
190,184 
2025598,362 
2026438,811 
2027428,908 
2028
264,101 
Total1,920,366 
(1) For the three months ending December 31, 2024.