SHI Receives another LNG-FSRU Order

First vessel to be equipped with Samsung's own LNG regasification system 'S-Regas(GI)'

- Proved performance and reliability in September showcase,
  yields an immediate application to the SHI's newest FSRU
- In-house development proves as an important tool to further
  away from competition; leading to cost saving and
  improvement in quality and schedule management 

Samsung Heavy Industries Co., Ltd.("SHI") won an order to build a LNG-FSRU(Floating Storage and Regasification Unit) for about KRW 250 billion.

SHI revealed on 19th a newbuild order for a 170,000㎥ LNG-FSRU received from a consortium of Marubeni, Sojitz, and Pertamina.

LNG-FSRU is a specialized vessel-like facility that regasifies LNG offshore and supply it directly to onshore demand.

The latest FSRU from SHI will be equipped with Samsung's newly developed in-house regasification system, The S-Regas(GI). The regasification system is one of main equipment for FSRUs.

S-Regas(GI) reduces chance of corrosion from traditional method of heating LNG directly with seawater, and is another energy efficient solution from SHI saving energy by 5%.

SHI earlier showcased the system in September to 19 ship-owner companies.

A Samsung representative said "Successful showcase of the In-house regasification system led to an actual application in the new LNG-FSRU in just a month." He explained "cost savings and improvement in quality and schedule management from the in-house regasification system led to a competitive edge."
He added "SHI will continue to lead LNG-FSRU market with unyielding efforts to meet customer needs such as low operating costs and reliable operability."

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