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Samsung is to sweep orders from Russia for ice-breaking LNG carriers

Samsung is to sweep orders from Russia for ice-breaking LNG carriers

Novatek asked the Russian government to approve its plan to place an order for 10 additional icebreaking LNG carriers worth US$3 billion on an overseas shipyard.

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Zvezda selected Samsung Heavy Industries as its design partner and placed an order for five vessels (US$1.5 billion) on it in November 2019. Once completed, the five ships will transport 19.8 million tons of LNG a year from gas fields on the Gyda Peninsula in the Arctic Circle.

According to news of BusinessKorea If Samsung Heavy Industries succeeds in landing the entire icebreaking LNG carrier order for the second Yamal Project, the shipbuilder’s total orders for icebreaking LNG carriers are expected to hit US$8 billion (approximately 9.34 trillion won). This amount exceeds the shipbuilders order target of US$7.8 billion for 2019.

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