Samsung Heavy clinches order for LNG carrier duo

South Korean shipbuilding giant Samsung Heavy Industries has secured a new order to build two liquefied natural gas (LNG) carriers.

Samsung Heavy said on Tuesday it will build the LNG carriers for an unidentified owner in North America for 659.2 billion won ($509 million) or about $254.5 million per vessel.

The shipbuilder will deliver the two LNG carriers by February 2028.

Samsung Heavy did not provide any additional information regarding the contract.

Shipbuilding sources told LNG Prime that US energy giant Chevron is behind this order.

Prior to this order, Samsung Heavy secured a contract from Japan’s MOL to build two LNG carriers for about $258.5 million per vessel and two more LNG carriers for MOL for about $248 million per vessel.

Samsung Heavy and JGC also won a contract from Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

Including the FLNG contract worth about $1.5 billion and two crude carriers, Samsung Heavy secured orders worth some $3.2 billion this year, or about 34 percent of the order target of $9.5 billion.

The shipbuilder secured contracts worth about $9.4 billion in 2022, surpassing its target of $8.8 billion.

This includes 36 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

- Advertisements -

Most Popular

Technip Energies CEO: Eni’s Coral Norte FLNG has ‘potential’ for FID in 2024

Eni's second floating LNG production project in Mozambique has "potential" for a final investment decision in 2024, according to...

Commonwealth LNG pushes back FID to H1 2025

Commonwealth LNG has postponed a final investment decision on its 9.3 mtpa LNG facility in Cameron, Louisiana. According to Commonwealth...

NFE expects to launch Altamira LNG production in March

US LNG firm New Fortress Energy expects to start production of liquefied natural gas at its first FLNG project...

More News Like This

Chevron’s LNG carriers to get reliquefaction units

South Korea's HD Hyundai Marine Solution has secured a contract from US energy giant Chevron to install reliquefaction units...

Samsung Heavy secures order for 15 LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured a large order to build 15 liquefied natural gas (LNG)...

GTT secures new LNG tank gigs

French LNG containment giant GTT has secured new orders from two South Korean shipyards. GTT said in a statement the...

LNG carrier orders dip from record 2022

Orders for liquefied natural gas (LNG) carriers in South Korea and China dropped significantly in 2023 from the record...