Samsung Heavy Industries signs 3.65 trillion-won contract for floating LNG facility
Samsung Heavy Industries Co. signed a final contract Monday to build a floating liquefied natural gas facility for an undisclosed client in Africa. The deal is valued at 3.65 trillion won, or about $2.38 billion, with delivery scheduled for 2028.
koreaherald.comSamsung Heavy Industries Co. signed a final contract Monday to build a floating liquefied natural gas facility for an undisclosed client in Africa. The contract is valued at 3.65 trillion won, or about $2.38 billion, according to a regulatory filing by the shipbuilder. The facility is scheduled for delivery in 2028.
Background on the project The project had previously moved forward under a preliminary work agreement that allowed construction activities to begin ahead of the final contract. The shipbuilder is currently working on the topside modules, and module installation and commissioning will follow.
Contract activity this year Samsung Heavy Industries Co. has secured contracts worth a combined $9.6 billion to build 30 ships and offshore facilities so far this year.
