Samsung Heavy dealt another blow as Shell cans triple FLNG order

Samsung Heavy dealt another blow as Shell cans triple FLNG order

Samsung Heavy Industries has suffered another huge blow to its dwindling orderbook with Royal Dutch Shell cancelling plans for three FLNGs worth a combined $4.6bn.

Woodside Petroleum this March ditched the Browse LNG project in Australia with partners, including Shell and BP.

Samsung Heavy still has two FLNGs on its books for Shell and Petronas.

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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