South Korea

LOTTE, Sumitomo to adopt tech in race to procure clean hydrogen
Syzygy Plasmonics, LOTTE Chemical, and Sumitomo Corporation of Americas (SCOA) announced a joint development agreement to test a fully electric chemical reactor for clean hydrogen production.

Excelerate Energy and Hyundai Heavy Industries sign FSRU deal
U.S.-based LNG specialist Excelerate Energy is to expand its fleet with a floating storage and regasification unit (FSRU) to be built by Koren shipyard Hyundai Heavy Industries.

Japan’s Inpex seeks over $970 million from South Korean yard in Ichthys FPSO dispute
Japan’s oil and gas company Inpex has filed a claim against DSME related to the FPSO for the Ichthys field located off Australia.

KOGAS and MTRX sign deal on Korean hydrogen development
U.S. engineering firm Matrix Service Company (MTRX) has signed a deal with Korea Gas Corporation (KOGAS) to support South Korea’s development of a hydrogen economy.

V.Group to technically manage three LNG-fuelled newbuilds
UK-based ship management company V.Group will be providing full technical management of the three LNG dual-fuel new build ships currently under construction at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).

GTT received new LNGCs tank deign order, breaks new record in order intake
Korean shipyard Hyundai Heavy Industries (HHI) has ordered tank designs of eight LNG carriers from French LNG containment specialist GTT.

Hyundai Samho orders GTT LNG tank design for CMA CGM containerships
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the design of the cryogenic fuel tanks of six new LNG-fuelled container vessels from French LNG containment specialist GTT.

DSME scores $495M order for two LNG carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for two liquefied natural gas (LNG) carriers from undisclosed European shipowners. The value of the new contract is estimated at KRW 649.5 billion (around $495 million). According to local media, DSME will

GTT receives tank design order for 14 LNGCs from Samsung Heavy
French LNG containment specialist GTT has received tank design order from the Korean shipyard Samsung Heavy Industries for 14 new LNG carriers.

DSME orders GTT tank design for six new LNG carriers
Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design for six new LNG carriers from French LNG containment specialist GTT.

GTT to design LNG carriers’ tanks for Hyundai Samho
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the tank design for two new LNG carriers from French LNG containment specialist GTT.

Hyundai Heavy orders GTT tank design for two new LNG carriers
South Korean shipyard Hyundai Heavy Industries has ordered tank designs of two LNG carriers from French LNG containment specialist GTT.