Samsung Heavy Industries Wins KRW 484.8 Billion Order for LNG Storage and Supply Vessel

Building an LNG Value Chain Lineup
Rising Power Demand from AI Data Centers Drives Increased Facility Orders

Samsung Heavy Industries announced on May 4 that it has received an order worth KRW 484.8 billion for one LNG-FSRU vessel equipped with a floating storage and regasification unit (FSRU) from a shipowner in the Asia region.

FSRU built by Samsung Heavy Industries. Samsung Heavy Industries

An LNG-FSRU is a vessel equipped with a floating storage and regasification unit (FSRU), often referred to as a "floating LNG terminal." It is utilized in regions where energy demand is rapidly increasing or where it is difficult to construct onshore terminals.

Recently, as the need to establish energy infrastructure has grown due to increasing power demand driven by the expansion of the artificial intelligence (AI) industry, FSRUs, which can be built in a short period of time, are gaining attention as a fast supply alternative.

Samsung Heavy Industries has demonstrated its competitiveness in the global market with its LNG-FSRU featuring its independently developed regasification system, 'S-Regas.' The company also provides integrated solutions across the entire LNG value chain, including floating liquefied natural gas production facilities (FLNG—production, liquefaction, and offloading), LNG carriers, and LNG-FSRUs.

A Samsung Heavy Industries official stated, "As demand for securing energy infrastructure continues to rise, FSRUs can be the fastest and most practical solution. We will continue to lead the global market based on our competitiveness across the LNG value chain."

Meanwhile, between January and April this year, Samsung Heavy Industries achieved orders for a total of 17 vessels, amounting to USD 3.4 billion, including one LNG-FSRU, six LNG carriers, two ethane carriers, two gas carriers, two container ships, and four crude oil tankers.

This content was produced with the assistance of AI translation services.