Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas
By Aiswarya Lakshmi
July 1, 2015
South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.
Under the deal with the Netherlands-based Shell Gas & Power Developments B.V., Samsung Heavy will supply the three FLNG facilities. Samsung expects to complete the contract by November 2023
The amount only includes construction of the hulls, and could increase as the contract for the remaining parts, including the decks, will be signed in the second half of 2016, the company said through a regulatory filing.
The order is equal to 40.9% of Samsung’s combined sales for 2014. Yesterday, the yard signed a $1bn deal to construct offshore oil platforms for deployment in the Johan Sverdrup field in the North Sea.
