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Samsung Heavy bags LNG FSRU worth 250b won
Monday, October 23, 2017, 08:54:12 Paul Yoon ckyoon7@paran.com

Samsung Heavy Industries has received an order for one LNG FSRU (floating, storage, re-gasification unit) valued for 250 bilon won.

SHI unveiled on Oct. 19 that it has inked a newbuilding contract with a consortium composed of Marubeni, Sojitiz, Japanese trading houses and Pertamina state-run oil player based in Indonesia to build an LNG-FSRU of 170,000cbm class.

LNG-FSRU is a facility in form of vessel, which can re-gasify, store supply LNG at sea directly to end-users ashore. The LNG-FSRU inked this time is developed by SHI’s own independent technologies and is set to be equipped with ‘S-Regas(GI)’, localized as new LNG re-gasification system.

S-Regas is a new eco-friendly system re-gasifying LNG, using glycol of mixed liquid by directly heating LNG with sea-water, which causes far less corrosion and can save 5% more energy than the previous system.

SHI demonstrated in last Sept. S-Regas(GI) in the presence of 19 shipping firms invited at home and abroad.

A SHI official said with an emphasis: “The excellent performance and safety in our new re-gasification system has gained recognition from the owner in the demonstration held. In a month from the demonstration, we have successfully adopted the system.”

He added: “The order received this time is the result of our efforts made to independently localize re-gasification system through the cost saving and improvement in quality and in delivery in the way our competitive edge has been sharpened.” He stressed, citing, “We will take the lead in the market, persistently developing technologies reflecting the needs of customers in LNG-FSRU operation cost saving and in the guaranteed operation rate of the facility.”

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