Samsung to Build FSRU for Japanese, Malaysian Consortium
Samsung Heavy Industries has secured a Korean won 250bn ($221m) order to build a 170,000m3 floating storage and regasification unit (FSRU) -- a floating LNG import terminal -- for a consortium of Marubeni, Sojitz, and Pertamina, the company said October 19.
In January this year, Jawa Satu Power, a special-purpose company sponsored by Sojitz, Pertamina and Marubeni, entered into a long-term power purchase agreement with Indonesian state-owned electricity utility PLN (Persero) for the Jawa-1 gas-fired power plant project. The project calls for Sojitz, Pertamina, and Marubeni to construct, own, and operate a 1,760 MW gas-fired power plant, floating storage and FSRU.
Samsung says the FSRU ordered will be equipped with Samsung's new in-house regasification system, the S-Regas(GI), which Samsung says reduces chance of corrosion from traditional method of heating LNG directly with seawater, and saves energy by 5%.
Shardul Sharma