Samsung Heavy Industries (SHI) has secured a contract for an FLNG.
Another contract related to the FLNG for the northern Coral gas field in Mozambique is likely to follow, South Korean media said.
SHI announced that it had signed a contract for ‘preparatory work prior to the main contract for offshore production facilities’ with owners in the African region at a value of Won869.4 bill.
The Mozambique government is promoting the Coral northern gas field project, a deepsea gas development being developed in block 4 in Mozambique. It is expected to be operational from the second quarter of 2028.
An SHI representative said; "Interest in energy security has been rising since the Russia/Ukraine conflict, and investments in offshore production facilities are expected to steadily increase due to changes in US energy policy.
"We plan to secure one to two units each year, focusing on projects scheduled for ordering," the official said.
