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    Samsung to Build FSRU for Japanese, Malaysian Consortium

Summary

Samsung Heavy Industries has won a $221mn order to build a 170,000m3 FSRU for a consortium of Marubeni, Sojitz, and Pertamina for use in Indonesia.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Gas to Power, Infrastructure, Liquefied Natural Gas (LNG), News By Country, Indonesia, Japan, South Korea

Samsung to Build FSRU for Japanese, Malaysian Consortium

Samsung Heavy Industries has secured a Korean won 250bn ($221m) order to build a 170,000m3 floating storage and regasification unit (FSRU) -- a floating LNG import terminal -- for a consortium of Marubeni, Sojitz, and Pertamina, the company said October 19.

In January this year, Jawa Satu Power, a special-purpose company sponsored by Sojitz, Pertamina and Marubeni, entered into a long-term power purchase agreement with Indonesian state-owned electricity utility PLN (Persero) for the Jawa-1 gas-fired power plant project. The project calls for Sojitz, Pertamina, and Marubeni to construct, own, and operate a 1,760 MW gas-fired power plant, floating storage and FSRU. 

Samsung says the FSRU ordered will be equipped with Samsung's new in-house regasification system, the S-Regas(GI), which Samsung says reduces chance of corrosion from traditional method of heating LNG directly with seawater, and saves energy by 5%.

 

Shardul Sharma