Hyundai Heavy Industries (HHI) has won a contract to build India’s first and Asia’s biggest floating storage regasification unit (FSRU) LNG terminal in Karnataka, according to the Korean shipbuilding newswire Asiasis.
The gas terminal is invested in by India’s Fox Petroleum. HHI beat out compatriots Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering for the prized contract. The 330,000 cu m facility is thought to be costing Fox around $1.05bn. HHI is scheduled to deliver the unit by the end of 2018.