Samsung Heavy Industries Co., Ltd.("SHI") won an order to build a LNG-FSRU (Floating Storage and Regasification Unit) for about KRW 250 billion.

SHI revealed on 19th a newbuild order for a 170,000㎥ LNG-FSRU received from a consortium of Marubeni, Sojitz, and Pertamina.

LNG-FSRU is a specialized vessel-like facility that regasifies LNG offshore and supply 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). The regasification system is one of main equipment for FSRUs.

S-Regas(GI) reduces chance of corrosion from traditional method of heating LNG directly with seawater, and is another energy efficient solution from SHI saving energy by 5%.

SHI earlier showcased the system in September to 19 ship-owner companies.

A Samsung representative said "Successful showcase of the In-house regasification system led to an actual application in the new LNG-FSRU in just a month." He explained "cost savings and improvement in quality and schedule management from the in-house regasification system led to a competitive edge."
He added "SHI will continue to lead LNG-FSRU market with unyielding efforts to meet customer needs such as low operating costs and reliable operability."

About Samsung Heavy Industries

Samsung Heavy Industries has successfully completed diverse projects With the aim of securing global leadership in various sectors including shipbuilding, offshore, machinery & electric systems.
Most notably, it has achieved unbeatable leadership in the high-tech high-value shipbuilding sector by maintaining the world’s No. 1 share in the drill ship, LNG carrier and FPSO markets.