On June 1, Team Korea was selected as the contractor for the Louisiana FLNG project, according to the Ministry of Oceans and Fisheries, the Ministry of Land, Infrastructure and Transport, and the Ministry of Climate, Energy and Environment. The FLNG facility is a floating offshore plant equipped with liquefaction equipment for natural gas. It will be constructed in South Korea and installed locally, serving to liquefy, store, and offload natural gas produced from gas fields.
The Delfin FLNG project, which Team Korea has won, is a collaboration between private developers and shipbuilders. Samsung Heavy Industries, along with three ministries and two public institutions, is involved in the project. The Korea Overseas Infrastructure and Urban Development Corporation (KIND) and the Korea Maritime Promotion Corporation, along with the Green Fund, have invested in the BlackRock fund leading the project. They also participated as financial investors to support financial structuring and assist in securing engineering, procurement, and construction (EPC) contracts for Korean companies.
The project will incorporate eco-friendly design technologies from Korean companies. Notable technologies include selective catalytic reduction, which extracts nitrogen oxides from exhaust gases produced by burned fuel and reduces them to nitrogen and water, and waste heat recovery boilers that generate steam and electricity from recovered waste heat.
The government views this project as a pivotal opportunity to transition overseas construction from a traditional contracting industry to a high-value-added complex industry. It also sees significant value in establishing a foothold in the U.S. energy infrastructure market.
Moreover, since the FLNG will be manufactured domestically, it is expected to stimulate the local economy through a chain of contracts for small and medium-sized enterprises.
This case demonstrates that participation in major overseas infrastructure projects contributes to strengthening supply chain stability. The government plans to accelerate efforts to enhance transportation networks and diversify import sources through future overseas infrastructure acquisitions.
A government official stated, "We will strengthen our capabilities to respond to global supply chain issues by expanding investments in overseas energy and port infrastructure. Based on the partnerships established through this negotiation with global developers, we will actively seek out future collaborative projects."
* This article has been translated by AI.
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