Samsung clinches LNG carrier

Samsung Heavy Industries clinched a 155,000 cbm LNG carrier from Petronet and an oil platform from ONGC in India at a total price of $500 million. The 285m long, 44m wide LNG carrier will be delivered on September 2009 and will trade between Qatar and Dahei in India. Samsung HI said that India is seeking to increase the number of LNG carriers to 34 ships from the current two ships.

Samsung?s share of the $459.5 million oil platform for Oil and Natural Gas Corporation (ONGC) is $289 million and delivery is scheduled in April 2008.