Samsung Heavy Industries Bags LNG-FSRU Gig

South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has won an order to build an LNG Floating Storage and Regasification Unit (FSRU) for about KRW 250 billion ( approximately USD 221 million).

SHI revealed that the newbuild order for a 170,000 cbm LNG-FSRU was received from a consortium of Marubeni, Sojitz, and Pertamina.

LNG-FSRU is a specialized vessel-like facility that regasifies LNG offshore and supplies it directly to onshore demand.

The latest FSRU from SHI will be equipped with Samsung’s newly developed in-house regasification system, the S-Regas(GI).

As described by Samsung, S-Regas(GI) reduces the chance of corrosion from the traditional method of heating LNG directly with seawater and saves energy by 5%.

SHI earlier showcased the system in September to 19 shipowner companies.

 “Successful showcase of the in-house regasification system led to an actual application in the new LNG-FSRU in just a month,” a Samsung representative said.

The spokesperson further added that“cost savings and improvement in quality and schedule management from the in-house regasification system led to a competitive edge.”