[Edaily Reporter Kim Yoon-jung] Samsung Heavy Industries is trading higher in early trading. This is believed to be driven by news that the company has secured a contract for the U.S.'s first large-scale floating liquefied natural gas (FLNG) production facility project, which has boosted investor sentiment. According to MP Doctor on the 4th, as of 9:06 a.m. that day, #Samsung Heavy Industries was trading at 29,450 won, up 1,750 won (6.3%) from the previous trading day. Samsung Heavy Industries announced today that it has signed a contract to build the first FLNG unit for the Delphine LNG project in Louisiana, U.S. The contract is valued at $2.9 billion (approximately 4.3301 trillion won). This project is drawing attention as the first large-scale FLNG project in U.S. history. Notably, it employs a “multiple” operation model, deploying several FLNG units with identical specifications. It is expected to serve as a catalyst for the expansion of FLNG in the North American LNG development market. The Delphin LNG project is also the first FLNG development initiative driven by a collaboration between private developers and shipbuilders, rather than being led by traditional oil majors or state-owned enterprises.
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