Samsung Heavy Industries has secured a floating liquefied natural gas (FLNG) order valued at KRW 4.3 trillion from a North American client.
The company said on 2 June 2026 that the contract covers one FLNG unit. Full-scale construction will start after the client issues a notice of commencement, and delivery is scheduled for July 2030.
An FLNG is a large offshore production facility that extracts natural gas at sea and carries out refining, liquefaction, storage, and loading on the same unit. In conventional offshore gas development, gas is transported by pipeline to onshore facilities for processing and liquefaction before being stored and loaded onto LNG carriers.
Samsung Heavy Industries has secured seven of the 11 FLNG units built worldwide to date. The list includes Prelude, the world’s largest FLNG, built for Royal Dutch Shell. The company accounts for 64% of the global FLNG market.
FLNG construction is considered a highly demanding field in shipbuilding. It requires gas cooling technology as well as the integration of plant facilities, previously operated on land, into an offshore unit.
With this contract, Samsung Heavy Industries’ cumulative orders for the year have reached $8.3 billion, or about 60% of its annual target of $13.9 billion.
In the shipbuilding segment, orders total $5 billion, including LNG carriers, very large ethane carriers, very large gas carriers, container ships, and crude oil carriers. This represents 88% of the segment’s $5.7 billion target.
In the offshore segment, including the latest FLNG order, the company has secured $3.3 billion, equal to 40% of its $8.2 billion annual target.
Samsung Heavy Industries said the order again confirms its FLNG competitiveness and added that it will continue seeking orders in the global market based on its technology and project execution experience.
