Hyundai Heavy Industries picked as partner to build LNG carriersHyundai Heavy Industries has been selected as a priority partner to build LNG carriers with a capacity of 180,000 cubic meters (35.31 cubic feet) for SK E&S, the company said Tuesday.
The contract will be inked once negotiations on the number of carriers and the price is finalized between the two companies.
According to Hyundai, its previous experience building 89 LNG carriers and its own fuel supply system were core reasons in securing the deal.
The contract will be the first time Hi-GAS, Hyundai’s own fueling system, is installed and used.
“We have our own technology to produce engines, and this enables us to quickly respond to different demands for engines,” said a Hyundai spokesman.
The LNG carriers are scheduled to be completed in early 2019 and delivered to the Freeport LNG based in Texas to ship shale gas procured by SK E&S.