Samsung Heavy Industries receives LNG FSRU order

  • Business & Finance

South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order to build an LNG floating storage and regasification unit (FSRU) for KRW 250 billion ($221 million).

SHI said on Thursday that the newbuild order for a 170,000 m3 LNG-FSRU was received from a consortium of Marubeni, Sojitz, and Pertamina.

An LNG-FSRU is a specialized vessel-like facility that regasifies LNG offshore and supplies it directly to onshore demand. The ordered FSRU will be equipped with Samsung’s regasification system, the S-Regas(GI).

According to SHI, its S-Regas(GI) reduces the chance of corrosion from the traditional method of heating LNG directly with seawater and saves energy by five percent.

The company said that it had showcased the system in September to 40 representatives from 19 shipowner companies including Golar LNG, Hoegh LNG, and GasLog.

“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,” a Samsung representative said.

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