Shell orders three FLNG units from Samsung in $4.7bn deal

Shell orders three FLNG units from Samsung in $4.7bn deal

Athens: Shell Gas & Power Developments has ordered three floating LNG units (FLNG) from South Korea’s Samsung Heavy Industries in a deal worth a combined KRW 5.2tr ($4.7bn) for the hull constructions alone.

A contract for the topsides and equipment for the vessels will be signed in the second half of 2016, according to the basic front-end engineering design (FEED).

The vessels are scheduled for delivery by November 2023, a filing to the Seoul stock exchange said today.

The order is equal to 40.9% of Samsung’s combined sales for 2014. Yesterday, the yard signed a $1bn deal to construct offshore oil platforms for deployment in the Johan Sverdrup field in the North Sea.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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