Samsung Heavy bags small-scale LNG carrier duo build

Samsung Heavy bags small-scale LNG carrier duo build
Image courtesy of SHI

South Korean shipbuilder Samsung Heavy Industries has been contracted to build two small-scale LNG carriers for KOGAS. 

According to the company’s statement, the contract for the two 7,500 cubic meters LNG carriers is valued at US$100 million.

The two vessels equipped with the KC-1 cargo containment system will be used to transport LNG from the Tongyeong liquefied natural gas terminal to Jeju Island.

One of the two vessels will be capable of serving as an LNG bunkering vessels, SHI noted, adding that the delivery is scheduled for May and December 2019.

The shipbuilder said that the contract marks its entry into the small-scale LNG carrier and LNG bunkering markets.

“Increase in LNG demand in China and Southeast Asia is expected to call for demand for near-sea transport utilizing small-scale LNGCs,” SHI said.

With the two new orders, Samsung Heavy Industries has so far won $2.3 billion worth of orders since the start of the year, including three LNG carriers.

Share this article

Follow LNG World News

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >