Samsung Heavy Industries wins $3.1 billion FLNG order from North America

Samsung Heavy Industries announced on June 2nd that it has secured a significant order for one floating liquefied natural gas (FLNG) facility. The contract, valued at 4.33 trillion won (approximately $3.1 billion USD), comes from a client in North America. The facility is slated for delivery in July 2030, with construction commencing after the client provides the official notice to proceed.

This substantial order underscores Samsung Heavy Industries' leading position in the global FLNG market. The company has a proven track record, having previously built seven of the eleven new FLNGs constructed worldwide. This includes the world's largest FLNG, the Royal Dutch Shell Prelude. The company's expertise and capacity in constructing these complex offshore facilities are evident in its consistent success in securing major contracts.

The successful bid for this FLNG unit further solidifies Samsung Heavy Industries' order backlog and reinforces its reputation as a key player in the energy infrastructure sector. The project's timeline indicates a long-term commitment to construction, highlighting the scale and complexity involved in delivering such advanced floating production systems.