Samsung Heavy announced on Monday that it will build one FSRU for an unidentified owner in Asia.
The order is valued at 484.8 billion won, or approximately $329 million.
Samsung Heavy will deliver the FSRU by February 2029.
The shipbuilder did not provide further details regarding the new contract.
Sources told LNG Prime that MISC has ordered the unit for Petronas.
It is expected to serve Malaysia’s third LNG import terminal in Lumut, Perak, named RGT-3.
Petronas currently operates the offshore LNG regasification terminal in Sungai Udang, Melaka (RGTSU) and the onshore LNG regasification terminal in Pengerang, Johor (RGTP).
MISC converted two of its LNG vessels into floating storage units (FSUs) that support Malaysia’s first regasification terminal, located in Sungai Udang, Melaka.
RGTSU, with a capacity of 500 mmscfd began its commercial operation in the second quarter of 2013, while RGTP, with a capacity of 490 mmscfd, began its commercial operation in the fourth quarter of 2017.
Petronas Gas, a unit of Petronas, said in a stock exchange announcement later on Monday that the company has issued a letter of award to MISC for the provision of supply, operation, and maintenance of a floating storage and regasification unit.
The company said that the newbuild FSRU will serve the third regasification terminal in Lumut, Perak, RGT-3.
RGT-3 is designed with LNG storage capacity of 170,000 cbm and regasification sendout capacity of 500 MMscfd, it said.
MISC also said in a separate statement that it had accepted the LoA from Petronas Gas and signed a shipbuilding deal for one FSRU with Samsung Heavy.
The project will be for a firm period of 20 years, with commencement expected in 2029.
The project marks MISC’s entry into the FSRU segment, leveraging its technical and operational expertise in LNG carriers and FSUs, MISC added.
Growing orderbook for Samsung Heavy
Including this FSRU order, Samsung Heavy has secured $3.4 billion in orders for 17 vessels this year.
This includes orders for five LNG carriers and this FSRU.
Most recently, Samsung Heavy secured an order for two LNG carriers worth $514 million from Denmark’s Celsius Tankers, a unit of Celsius Shipping.
Prior to this, the shipbuilder secured an order for one LNG carrier valued at $255 million tied to Celsius Tankers in February.
Samsung Heavy also announced in March that it will build one LNG carrier for an Oceania-based owner and deliver it by April 2029.
This $252 million order is tied to London-based Purus Marine, which also ordered two LNG carriers in December last year.
In January this year, Samsung Heavy won an order for two LNG carriers from an unidentified owner in Bermuda.
This order is valued at $505 million and tied to interests associated with JP Morgan.
Last year, Samsung Heavy secured orders for 11 LNG carriers.
(Updated with announcements by Petronas Gas and MISC.)
