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Samsung Heavy Industries Co., a Korean shipbuilder, said Monday it has signed a $2.73 billion deal to build an offshore facility that processes natural gas.
Under the agreement with Inpex Corp. of Japan, Samsung Heavy will construct the offshore gas processing facility by the end of 2015, the company said.
The facility, 110 meters wide and high, is expected to be the world’s largest offshore plant once built, Samsung Heavy claimed.
The facility will be built in Australia, it added.
Shares of Samsung Heavy closed at 38,000 won on the Seoul bourse, down 1.55 percent.
French supermajor Total and Inpex are working on a $34-billion liquefied natural gas project in Australia.
Samsung Heavy aims to win orders totaling $12.5 billion this year. In 2011, the shipbuilder received $15 billion worth of orders. (Yonhap News)
Under the agreement with Inpex Corp. of Japan, Samsung Heavy will construct the offshore gas processing facility by the end of 2015, the company said.
The facility, 110 meters wide and high, is expected to be the world’s largest offshore plant once built, Samsung Heavy claimed.
The facility will be built in Australia, it added.
Shares of Samsung Heavy closed at 38,000 won on the Seoul bourse, down 1.55 percent.
French supermajor Total and Inpex are working on a $34-billion liquefied natural gas project in Australia.
Samsung Heavy aims to win orders totaling $12.5 billion this year. In 2011, the shipbuilder received $15 billion worth of orders. (Yonhap News)
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Articles by Korea Herald
