Daewoo Shipbuilding & Marine Engineering Co has completed construction of the world’s first floating liquified natural gas facility at the DSME shipyard in Okpo, South Korea. The facility is being built for the Malaysian oil and gas company Petronas.
Final construction was marked on March 4th following a naming ceremony held by Petronas together with partners in the project DSME and Technip. During the ceremony the vessel’s name was revealed as PFLNG “SATU”.
Photo: Petronas
Floating liquified natural gas facilities have been described as a game-changing technology in natural gas production, providing the ability to produce, liquefy, store and transfer LNG to shipped directly to global markets from often remote at-sea gas fields where it would otherwise be uneconomical to develop.
Photo: Petronas
The Satu will be moored at Malaysia’s Kanowit gas field located in the South China Sea about 112 miles offshore Sarawak, Malaysia. The facility has the capacity to produce 1.2 million tonnes of LNG per year, and is expected to play a significant role in Petronas’ efforts to unlock the gas reserves in Malaysia’s remote oil fields.
Although the Satu can claim the title of the first FLNG facility ever completed, it is not the first one developed and is certainly not the largest. The technology was actually pioneered by Shell began developing Prelude FLNG back in 2011. The Prelude will be the biggest floating structure in world with a capacity to produce 3.6 million tonnes of LNG, 5.3 million tonnes of liquids, 1.3 million tonnes of condensate and 0.4 million of liquefied petroleum gas per year.
The Satu is expected to depart the shipyard in the second quarter of 2016.
Maritime Partners, LLC has entered into a definitive agreement to acquire Centerline Logistics, one of the nation’s larger operators of Jones Act-qualified liquid petroleum barges, the company announced yesterday. The...
Class-action litigation law firm Sanford Heisler Sharp McKnight, LLP filed an additional Federal Tort Claims Act (FTCA) administrative complaint against the United States Coast Guard today on behalf of a...
Maritime Partners, a privately held marine leasing and financing company, has acquired e1 Marine LLC, a move that positions the company at the forefront of hydrogen-powered solutions for the maritime...
June 25, 2025
Total Views: 532
Get The Industry’s Go-To News
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
— just like 109,211 professionals
Secure Your Spot
on the gCaptain Crew
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
— trusted by our 109,211 members
Your Gateway to the Maritime World!
Essential news coupled with the finest maritime content sourced from across the globe.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.