Park Jin-hai primarily focuses on K-dramas, entertainment shows and actor interviews. Beyond that, she also pens articles covering the broader arts scene, with a particular emphasis on classical music, dance and various aspects of lifestyle. Since joining The Korea Times in 2013, she has made significant contributions in the realms of hallyu (Korean wave), industry news and international affairs.
Samsung C&T expands global presence in LNG storage field
Singapore’s first LNG terminal on Jurong Island, which Samsung C&T completed in March. The company has built three 180,000 cubic meter tanks and dispatch facilities at the terminal since 2010. / Courtesy of Samsung C&T
By Park Jin-hai
By Park Jin-hai
Samsung C&T has emerged as a global player in the construction of liquefied natural gas (LNG) terminals.
The construction and trading arm of Samsung Group in recent years has successively secured a series of major LNG terminal projects in Singapore and Malaysia
"As Southeast Asia's energy demands rise, we see huge potential in the LNG storage facilities market," said a company spokesman.
This year alone, the company has won four overseas LNG storage tank and terminal construction projects, including Singapore’s first liquefied natural gas terminal expansion project in August.
In March, the company successively completed the first and second phases of the $1 billion project, whereby it has built three 180,000 cubic meter tanks and dispatch facilities at the terminal since 2010.
“The most challenging part was building the inside wall of the cryogenic LNG tanks that could withstand temperatures of 170 degrees below zero. Making each tank airtight surrounded by two-layered walls, as well as applying the Air-Raising technology in installing the tank’s roof, were other big challenges,” said the spokesman.
The successful construction of the facilities without delay helped the company win another major project and a global reputation.
In November, it won a $459 million contract to build an LNG terminal in Malaysia. The deal signed with Malaysia's Petronas Gas Berhad calls for the company to take charge of the design and construction of the terminal.
“The LNG construction projects in Singapore and Malaysia will provide a fresh impetus for us to accelerate our global expansion. Through our expertise and reputation built from those projects, we believe we are placed in a better position to win similar projects in the region,” said the spokesman.
Samsung C&T acquired Whessoe Engineering, a United Kingdom-based engineering firm specialized in cryogenic tanks and re-gasification facilities, in 2013.