"LNG Technology, Further Refined" Samsung Heavy Industries Completes Demonstration Facility

[Asia Economy Reporter Choi Dae-yeol] Samsung Heavy Industries held a completion ceremony for its integrated liquefied natural gas (LNG) demonstration facility for shipbuilding and offshore on the 12th. The facility, which began construction in 2019 and was completed in just over two years, was established on a 3,630㎡ site within the Geoje Shipyard. It is designed to develop and verify core technologies required for each stage of the LNG value chain, from natural gas production to transportation, storage, and supply. The company explained, "It will perform the world's only integrated LNG research and development functions for shipbuilding and offshore."

The event was attended by Samsung Heavy Industries President Jung Jin-taek, as well as major domestic and international shipowners including Korea Gas Corporation, Denmark's Celsius, Greece's Maran, and Italy's ENI. Representatives from classification societies worldwide such as ABS, BV, DNV, KR, and LR, along with Assemblyman Seo Il-jun and Geoje Mayor Byun Kwang-yong, also participated.

The company expects that this facility will help widen the technological gap in eco-friendly products that have dominated the market for the past 30 years, such as LNG carriers and fuel-powered ships. It is also anticipated to play a significant role in advancing key technologies such as natural gas liquefaction and reliquefaction processes, gas engine-fuel supply systems, cryogenic insulated storage tanks, and regasification-cold energy power generation, as well as in the localization of related equipment.

Jung Jin-taek, President of Samsung Heavy Industries, said, "The shipbuilder’s only independently developed natural gas liquefaction process and the world’s first cold energy power generation regasification system were both born as reliable technologies through this demonstration facility," adding, "It will become a cradle of LNG technology innovation."

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