Daewoo Shipbuilding Completes Building World’s First Floating LNG Plant

Daewoo Shipbuilding & Marine Engineering completed a floating liquefied natural gas (FLNG) project called “floating LNG plant” for the first time in the world.

Daewoo held a naming ceremony for the FLNG ordered in 2012 from Malaysia’s state-run oil firm Petronas, at its Okpo Shipyard in Geoje in South Gyeongsang Province on March 4.

The FLNG was named “Satu” which means “first” in the Malay language. Satu, located on E3 Berth of the Okpo Shipyard, is the world’s first such installation which is capable of exploiting natural gas from deep sea, as well as refining, liquefying, storing, and stevedoring.

The FLNG features a length of 365 meters and a width of 60 meters, with the tonnage of the LNG production structure on the upper part of the FLNG estimated at 46,000 tons.

Jung Sung-leep, president of Daewoo Shipbuilding, said, “FLNG is an all-in-one concept facility which allows all processes of LNG production, liquefying, refining, storage, and stevedoring to be done in a single place. We expect the FLNG to be a solution to addressing the sluggish business environment facing the shipbuilding industry.”
Source: Korea IT Times