Hyundai Heavy wins Gazprom FLNG contract

Hyundai Heavy wins Gazprom FLNG contract

Seoul: South Korea’s Hyundai Heavy Industries has beaten compatriots Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries to clinch a Russian floating liquefied natural gas terminal contract. HHI will build the FLNG for Gazprom at a cost of $295m. The facility will be deployed in Russia’s European enclave of Kaliningrad, which is sandwiched between Poland and the Baltic states.

“The possibility of delivering LNG by sea will substantially increase the energy security of the Kaliningrad Region, taking into account its peculiar geographic location,” Gazprom noted on its website. “On the Baltic coast Gazprom will build an LNG regasification terminal, which will be linked with the existing gas pipeline near the Kaliningradskoye underground gas storage (UGS) facility, thus making it possible to supply gas to consumers in the region and to feed it into the underground storage.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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