April 20, 2024
Industrials
Samsung Heavy bags US$2.5b deal in Italy
[THE INVESTOR] Samsung Heavy Industries, a major shipyard here, said on June 2 that it has clinched a US$2.5 billion deal to build an offshore facility.
Under the deal with Italian energy company Eni, Samsung Heavy, along with France’s Technip and Japan’s JGC, will build the floating LNG facility by June 2022, the company said.
Samsung Heavy’s share in the deal is roughly US$2.5 billion.
The FLNG facility, 439 meters long, 65 meters wide and 38.5 meters high, can process 3.4 million cubic meters of gas annually.
The facility will be deployed for the Coral South Project which develops gas wells in seas 250 kilometers northeast off the coast of Mozambique, according to Samsung Heavy.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Under the deal with Italian energy company Eni, Samsung Heavy, along with France’s Technip and Japan’s JGC, will build the floating LNG facility by June 2022, the company said.
Samsung Heavy’s share in the deal is roughly US$2.5 billion.
The FLNG facility, 439 meters long, 65 meters wide and 38.5 meters high, can process 3.4 million cubic meters of gas annually.
The facility will be deployed for the Coral South Project which develops gas wells in seas 250 kilometers northeast off the coast of Mozambique, according to Samsung Heavy.
By Alex Lee and newswires (alexlee@heraldcorp.com)
