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PETRONAS has awarded a contract to Hyundai Heavy Industries to build four 150,200-cubic metre Moss-type liquefied natural gas (LNG) carriers to help meet the expanding needs and requirements of PETRONAS’ global LNG business.
The contract, signed on 10 October in Seoul, South Korea, also includes options exercisable by PETRONAS to order four additional LNG carriers of the same class.
These spherical-type, new generation LNG carriers are scheduled for delivery to PETRONAS from the second half of 2016. MISC Berhad will act as the Project Manager and Technical Consultant to PETRONAS for the construction of these LNG carriers.
Hyundai Heavy Industries, which was set up in 1972, has grown into the world’s leading heavy industries with diversified businesses that include shipbuilding, offshore engineering, industrial plant and engineering, engine and machinery, electro electric systems, construction equipment, and green energy businesses.
Its shipbuilding division leads the global shipbuilding industry with a 15% share of the market.
