Samsung Heavy Industries has won the order to construct the first Floating Liquefied Natural Gas (FLNG) facility in U.S. history, demonstrating its presence in the global offshore plant market.

On the 4th, Samsung Heavy Industries officially announced that the 4.3301 trillion KRW FLNG order contract disclosed on the 2nd is for the construction of the first unit of the 'Delfin LNG Project' being promoted in Louisiana, USA. As a mega offshore plant project reaching approximately 2.9 billion USD (about 4.3301 trillion KRW) in contract scale, it is drawing keen attention from the industry as the first FLNG project in the United States.

FLNG is a facility capable of handling the production, liquefaction, storage, and offloading of natural gas all at once at sea. It is evaluated as a next-generation energy infrastructure because it enables LNG production even in waters where installing onshore liquefaction facilities is difficult.

The United States, the world's largest natural gas producer, is pushing a strategy to expand LNG exports, and the Delfin LNG project is also a business aimed at liquefying U.S.-produced natural gas at sea to supply it to the global market.

The market evaluates that this contract holds significance beyond a simple order win. Analysts say that Samsung Heavy Industries has reconfirmed its world-class competitiveness in FLNG design and construction, and has also secured a bridgehead to advance into U.S. energy projects.

The stock price also reacted positively. As of 11:12 a.m. on the 4th, Samsung Heavy Industries was traded at 28,650 KRW, up 950 KRW (3.43%) compared to the previous trading day. Trading volume exceeded 21.31 million shares, continuing investors' interest.

The industry forecasts that Samsung Heavy Industries' order performance this year will greatly expand with this contract. While expectations for market growth in large-scale LNG carriers and FLNG are heightening due to growing global LNG demand and moves to strengthen energy security, offshore LNG infrastructure demand is also increasing as energy supply chain diversification is being promoted mainly in the United States and Europe.

Samsung Heavy Industries possesses world-class competitiveness in the fields of LNG carriers, FLNG, and offshore plants, and is securing future growth engines through the expansion of eco-friendly ships and energy infrastructure businesses.

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