South Korea’s big three contractors are interested in providing the unit for Fox Petroleum’s $1 billion-plus Karnataka liquefied natural gas floating storage and regasification project off India’s west coast.
Samsung Heavy Industries, Hyundai Heavy Industries and Posco Daewoo are all in the frame and a memorandum of understanding with the winner could be signed within weeks.
Fox is aiming for a 330,000 cubic metre newbuild FSRU — significantly larger than the record 263,000 cubic metre vessel on order today, the company claimed.
The
