Samsung Heavy close to winning $2.5 bln deal for offshore LNG facility
Jul 17, 2016
Samsung Heavy Industries Co., a financially troubled South Korean shipyard, has virtually secured a $2.5 billion deal to build a floating liquefied natural gas facility abroad, industry sources said Sunday.The shipbuilder, a unit of Samsung Group, is leading a consortium made up of French multinational Technip and Japan's JGC in the project, valued at a total of $5.4 billion. The order has been placed by the Italian hydrocarbon company ENI."It's safe to say that Samsung Heavy has virtually won t