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Hyundai builds up its FLNG vessel ambitions

South Korea’s Hyundai Heavy Industries has ambitions to join the elite ranks of floating liquefied natural gas vessel builders as more operators look to use the groundbreaking technology to exploit their gas resources, writes Amanda Battersby.

Hyundai is already reaching out to potential customers with its near shore FLNG solution, which is targeting projects of 2.5 million to 3 million tonnes per annum capacity.

“We are speaking with clients, people are already showing interest,” said a company official.

The near shore FLNG facility, which would have two liquefaction trains, is being targeted at projects in shallow-water depths and benign sea conditions.

Hyundai does not only want to build FLNG units, it is aiming to carry out everything from front-end engineering and design work through to the engineering, procurement, construction, installation and commissioning.

Hyundai’s FLNG solution comes with 200,000 cubic metres of storage and is planned to be suitable for jetty mooring and side-by-side offloading.

The contractor is touting this FLNG as a design one, build many solution.

Meanwhile, South Korea’s Samsung Heavy Industries is nearing completion of the construction of Shell’s FLNG vessel destined for the Prelude field off Australia.

Samsung also won the contract for PFLNG Dua, which is now scheduled for delivery in 2020 after Petronas deferred the project by two years in light of market conditions.