Equatorial Gas
Samsung Heavy Industries (SHI) obtained an order worth US$2 billion for a floating liquefied natural gas (FLNG) ship to develop a gas field on the coast of Equatorial Guinea.
According to the industry on Nov. 9, U.S. energy company Excelerate Energy reported that it will take the lead in the Equatorial Guinea FLNG project, and Samsung Heavy Industries and U.S. engineering company Black & Vetch (B&V) will be in charge of building the FLNG.
The project is going to produce 3 million tons of LNG for about 20 years by using the FLNG located 140 kilometers west of the coast of Equatorial Guinea in Africa. The industry estimates the construction cost will require US$2 billion, considering the size of annual production.
An official at SHI said, “We are going to sign a contract next year after starting the front-end engineering design.”
B&V will be in charge of supplying liquefaction equipment used for installing the FLNG, and the detailed design of FLNG will be carried out by ASOG, an offshore plant engineering joint venture jointly established by SHI, Samsung Engineering, and British AMEC.