Samsung Heavy Industries (SHI) has received an order worth roughly KRW250bn ($221m) from a consortium of Marubeni, Sojitz, and Pertamina to build a liquefied natural gas (LNG) powered floating storage and regasification unit (FSRU).
The newly announced order for the 170,00m³ vessel represents SHI’s 19th LNG-FSRU newbuild deal.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The vessel will be the first to feature SHI’s own LNG regasification system, ‘S-Regas (GI)’.
It will be designed to function as a specialised vessel-like facility to regasify LNG offshore for direct supply onshore.
S-Regas (GI) is able minimise the chance of corrosion compared to traditional methods of heating LNG directly with seawater.
The system is also capable of reducing energy usage by approximately 5%. SHI demonstrated the S-Regas (GI) system to 19 ship-owning companies last month.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataA representative of SHI said: “The successful showcase of the in-house regasification system led to an actual application in the new LNG-FSRU in just a month.
“Cost savings and improvement in quality and schedule management from the in-house regasification system led to a competitive edge.
“SHI will continue to lead LNG-FSRU market with unyielding efforts to meet customer needs such as low operating costs and reliable operability.”
SHI previously secured a deal in May to build two small-scale liquefied natural gas carriers (LNGCs), known as KOGAS.
The $100m deal will see the construction of two 7,500m³ LNG vessels, which are expected to be used to transport LNG from Tongyeong, Gyeongsangnam-do, to Jeju Island in South Korea.
