Korean firm Daewoo Shipbuilding and Marine Engineering (DSME) has won a contract to produce two huge LNG barges by Russian natural gas producer Novatek.
Novatek will pay around KRW 901bn (€666m) for the two 360,000 m3 barges, which offer LNG storage and transshipment facilities, which DSME expects to deliver by the end of 2022. There are options for two additional barges included in the deal.
The barges, floating LNG terminals, can receive and store LNG from an icebreaking LNG carrier at sea and unload it onto another, regular LNG carrier. They will be located in the Murmansk and Kamchatka regions of Russia. DSME says that once up and running, the barges will allow LNG produced in the Arctic region to be supplied to Europe and Asia much quicker and at a lower cost.
DSME says that it has now built, or will build, all LNG-related floating facilities, including LNG carriers, ice-breaking carriers, floating storage and regasification units (FSRU) and floating production storage and offloading (FPSO) vessels.
‘This order has proved Daewoo Shipbuilding and Marine Engineering’s overwhelming technological capabilities once again to the market,’ says a DSME spokesperson. ‘In the wake of COVID-19, some of the large-scale projects are being delayed, so this order gives us some stability.’