Daewoo shipyard clinches $748.8 mln LNG barge orders from Russian client

By Lim Chang-won Posted : June 8, 2020, 12:49 Updated : June 8, 2020, 12:49

[Courtesy of Daewoo Shipbuilding & Marine Engineering]

SEOUL -- Daewoo Shipbuilding & Marine Engineering secured an order worth about 901.3 billion won ($748.8 million) from a Russian shipper to build two liquefied natural gas barges that will serve as intermediate stops to supply natural gas produced in the Arctic Ocean to Europe and Asia.

The LNG barge is an LNG terminal floating in the sea, receiving and storing LNG from ice-breaking LNG carriers at sea and unloading it into regular LNG carriers. The shipbuilder said two LNG barges would depart for Murmansk and Kamchatka areas in Russia by the end of 2022. The LNG barge deal includes two optional ships.

The Daewoo shipyard is now capable of building LNG-related special ship such as LNG floating storage and regasification units (FSRUs) and floating production storage and offloading units (FPSOs). Daewoo's accumulated orders so far this year stood at $1.43 billion.
Lim Chang-won

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