Hyundai Heavy Industries develops its own LNG-FPSO model for the first time in Korea and put spurs to attract high-value LNG offshore plant market.
Hyundai announced on 5 January that it received approval in principle (AIP) for its self-developed "Hyundai FLNG" from DNV.
Hyundai FLNG, 355m in length, 70m in breadth and 35m in height, produces 2.5m-ton liquefied natural gas in a year and stores 193,800-cbm.
Now the South Korean shipbuilder is the one and only company to build LNG-FPSO, from designing to trial run, being carried out EPIC (engineering, procurement, installation, commissioning).
Hyundai said, "Hyundai FLNG can be constructed just in 45 months and we will actively engage in new order competition for gas field development projects."
The Ulsan-based yard has experiences to build a total of 11 ultra-large FPSO and it inked an order for LNG-FSRU from Hoegh of Norway, for the first time in the world, in June 2011.
Published : January 5, 2012