Liquefied natural gas carrier project, South Korea

28th July 2017 By: Sheila Barradas - Creamer Media Research Coordinator & Senior Deputy Editor

Liquefied natural gas carrier project, South Korea

Name of the Project
Liquefied natural gas carrier (LNGC) project.

Location
The LNGCs will transport LNG from Tongyeong, Gyeongsangnam-do, to Jeju Island, in South Korea.

Client
Kogas.

Project Description
The project involves the construction of two small-scale LNGCs. The 7 500 m3 liquefied natural gas (LNG) vessels will be equipped with the KC-1 cargo containment system designed in Korea. 

Jobs to Be Created
Not stated.

Value
The contract is valued at $100-million.

Duration
The delivery dates for the LNGs are May and December of 2019.

Latest Developments
Samsung Heavy Industries has signed a contract to build the two small-scale LNGCs.

Key Contracts and Suppliers
Samsung Heavy Industries (LNGC construction contract).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kogas, tel +82 53 670 0114 or fax +82 53 670 0117.