According to the information, Samsung Heavy Industries has now officially won a 2-trillion-won offshore plant order for the first time in three years. This statement has been officially confirmed by the company on Dec. 22 that it has won an order for an offshore production facility from a client in Asia.
This offshore facility is a floating liquefied natural gas (FLNG) facility and was ordered by Malaysian state-run energy company Petronas. A FLNG facility can store and unload natural gas extracted from the sea after turning it into liquefied natural gas (LNG).
The whole contract amount is totally worth 1,961.1 billion won, or approximately US$1.5 billion. The FLNG facility will be delivered by August 2027.
