Theselection was reaffirmedthe following month. While disclosing the start of the FSRU construction phase, the Polish TSO explained that HD Hyundai Heavy Industries' shipyard in Ulsan began cutting the first steel plates for the FSRU vessel destined for permanent deployment in the Gulf of Gdańsk. South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build one floating storage and regasification unit worth about $364 million.
The Woodlands, TX, - Excelerate Energy, Inc. (NYSE: EE) ("Excelerate") announced today that it has signed a binding Shipbuilding Contract (SBC) with Hyundai Heavy Industries Co., Ltd. ("HHI") for a new floating regasification and storage unit ("FSRU") to be delivered in June 2026.
While disclosing the start of the FSRU construction phase, the Polish TSO explained that HD Hyundai Heavy Industries' shipyard in Ulsan began cutting the first steel plates for the FSRU vessel destined for permanent deployment in the Gulf of Gdańsk. The European gas transmission system operator highlighted: "Steel cutting is the symbolic and practical beginning of shipbuilding. South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build a floating storage and regasification unit at a record price which is significantly higher than the last FSRU.
HD Hyundai Heavy Industries lands a lucrative deal for a 174,000-cbm FSRU, fetching the highest price ever for a new FSRU. HD Hyundai Heavy Industries Co., Ltd. (HHI; Korean: 에이치디현대중공업 주식회사; RR: Eichidi Hyeondae Junggongeop Jusik Hoesa) is the world's largest shipbuilding company and a major heavy equipment manufacturer.
[3][4] Its headquarters are in Ulsan, South Korea. South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build one floating storage and regasification unit (FSRU) for about $364 million. HD Korea Shipbuilding & Offshore Engineering said on Wednesday that its unit HD Hyundai Heavy Industries will build the 174,000.
On October 14th (local time), HD Hyundai Heavy Industries (HD HHI) celebrated the steel-cutting ceremony for a floating LNG storage and regasification unit (FSRU) that it has contracted with American energy company Excelerate Energy.. South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification unit (FSRU).