Samsung Heavy Industries Secures New FLNG Order... Cumulative Orders Reach KRW 15 Trillion

Samsung Heavy Industries has continued its streak of winning large floating liquefied natural gas production facility (FLNG) contracts, achieving a cumulative order intake of USD 9.6 billion (approximately KRW 15 trillion) so far this year. The company is also accelerating toward its annual order target of USD 13.9 billion (approximately KRW 21 trillion).

The world's largest large-scale floating liquefied natural gas production facility (FLNG) built by Samsung Heavy Industries. Samsung Heavy Industries

On June 8, Samsung Heavy Industries announced in a regulatory filing that it has signed a final contract worth KRW 3.6536 trillion with a shipowner based in Africa for an FLNG. Delivery is scheduled for 2028.

This FLNG is notable for fully applying the 'Lessons Learned System' to elevate the level of standardization. The Lessons Learned System is a framework that analyzes data accumulated from previous project execution processes to optimize design and workflows.

A representative from Samsung Heavy Industries stated, "The significance of constructing this FLNG lies in the fact that, through the application of the Lessons Learned System, we have achieved standardization throughout the entire project process, from design to commissioning, for the first time in the world. We will secure our FLNG standardization experience as a strategic asset to maintain our unparalleled competitive edge."

Samsung Heavy Industries' cumulative order intake for this year stands at 30 vessels, totaling USD 9.6 billion (approximately KRW 15 trillion), which is 69% of its annual order target. In the commercial ship segment, the company has achieved 91% of its target with 28 vessels, amounting to USD 5.2 billion (approximately KRW 8 trillion). In the offshore segment, Samsung Heavy Industries has secured contracts for two FLNG units, totaling USD 4.4 billion (approximately KRW 7 trillion), reaching 54% of its target.

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