HHI Showcases at Gastech

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, announced that it exhibits at Gastech 2014 from March 24 to March 27 at KINTEX, an exhibition facility in Gyeonggi Province, South Korea.

The Ulsan, South Korea-based shipbuilding giant that completed Korea’s first LNG carrier in 1994, is the only Korean shipbuilder capable of building both membrane type and moss type LNG carriers. HHI has won a total of 78 LNG carriers and has handed over 44 carriers to date.

HHI has taken the lead in introducing cutting-edge LNG-related ships, and developing independent LNG storage system and technology. In February this year, HHI held a naming ceremony for the world’s first newbuilding 170,000 cbm LNG floating storage regasification unit, Independence. In April last year, the company received Design Approval from classification societies including ABS, and DNV for its own membrane type LNG containment system. In January 2012, HHI completed the development of its own Hyundai FLNG (Floating Liquefied Natural Gas Plant) model in association with Linde AG, an international industrial gas and engineering company of Germany.

Hyundai Heavy Industries revs up marketing its LNG-related ship technology by showcasing models of an LNG carrier, an LNG FPSO and an LNG FSRU at the event. Moreover, on the first day of the event, Lee Jai-seong, Chairman and CEO of HHI, met with Muhammed Bin Saleh Al-Sada, Minister of Energy & Industry and Managing Director & Chairman of the Board of Qatar Petroleum, to discuss ways to cooperate in the sector of offshore gas plants. HHI has won a total 12 LNG and LPG carriers worth KRW 2.5 trillion, and two offshore plant projects worth KRW 1.17 trillion to date from the world’s biggest LNG exporting country.

Gastech 2014, hosted in East Asia for the first time, showcases over 380 international exhibitors from 44 countries, and is expected to attract about 15,000 visitors. The exhibition, operating on an 18 month interval, is one of the world’s three premier natural gas exhibitions including World Gas Conference and LNG Conference.