Samsung Heavy secures FLNG order from Delfin

South Korea's Samsung Heavy Industries has secured an order worth approximately $2.88 billion to build the first floating LNG production unit for Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, according to shipbuilding sources.

Samsung Heavy announced in a stock exchange filing on Tuesday that it will build one offshore production facility for an unidentified owner in North America.

The order is valued at approximately 4.33 trillion won, or approximately $2.88 billion.

Samsung Heavy will deliver the unit by July 2030.

However, construction of the facility will begin after the issuance of a notice to proceed (NTP) by the unknown North American client, according to Samsung Heavy.

The shipbuilder did not provide further details regarding the new contract.

First US FLNG project

Sources told LNG Prime that Delfin Midstream is behind this order.

Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually.

This is the first FLNG project in the US.

In October last year, Delfin Midstream entered into a letter of award with Samsung Heavy Industries for its first FLNG unit.

The LOA formally notified SHI that it had been selected and awarded as the exclusive EPCI contractor for the first FLNG of the Delfin LNG project, while Delfin is entitled to the exclusive rights to SHI’s dock for the construction of the first FLNG.

As part of the LOA, the two firms have agreed to commence an early engagement scope of work, mobilize project teams, de-risk the overall project schedule, and prepare for imminent execution.

In January 2026, Delfin said it expects to make FID on its first FLNG unit in February this year, after agreeing to an extension of the letter of award with Samsung Heavy.

Concurrent with this extension, Delfin entered into an LoA with Black & Veatch for the execution of a purchase order with Siemens Energy.

This follows an agreement in July 2025 between Delfin and Siemens Energy to reserve manufacturing capacity for the SGT-750 gas turbine mechanical drive packages.

Delfin also recently entered into a new offtake deal with the Geneva-based energy trader Gunvor.

Samsung Heavy’s growing orderbook

Including this contract, Samsung Heavy has secured $8.3 billion in orders for 28 vessels this year.

This includes orders for 12 LNG carriers, one FSRU, and one FLNG.

Samsung Heavy recently secured an order for one LNG carrier tied to interests associated with JP Morgan.

JP Morgan was also tied to two LNG carriers at Samsung Heavy in January this year.

Last month, Stonepeak’s Seapeak ordered three LNG carriers from Samsung Heavy.

Samsung Heavy also won an order for two LNG carriers from Greece’s TMS Cardiff Gas, three LNG carriers from Denmark’s Celsius Tankers, a unit of Celsius Shipping, one LNG carrier for London-based Purus Marine, and one LNG FSRU from Malaysia’s MISC.

Last year, Samsung Heavy secured orders for 11 LNG carriers.

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