Samsung Heavy wins $637 million Mozambique LNG facility contract, strengthening offshore energy presence and boosting 2025 order book to $3.3 billion.
Samsung Heavy Industries (SHI) has signed a preliminary agreement with a European shipping firm operating in Africa to construct a floating liquefied natural gas (LNG) production facility off the coast of Mozambique. The South Korean shipbuilding company disclosed the development through an official press release, noting that the contract is currently at the initial stage and will be finalized following further negotiations. A company spokesperson confirmed that the formal signing of the agreement is scheduled for a later date.
The new offshore LNG project, valued at approximately $637 million, marks a significant step in SHI’s strategic pursuit of expanding its presence in the offshore energy sector, especially in emerging energy markets like Africa. The deal reflects increasing global interest in securing stable energy supplies, a trend that has intensified since the geopolitical instability triggered by the ongoing Russia-Ukraine war. According to Samsung Heavy, this global emphasis on energy security is expected to drive a surge in investments in offshore energy infrastructure in the coming years.
In this context, Samsung Heavy aims to solidify its position as a leader in offshore facility construction by targeting one to two new orders annually for offshore production platforms worldwide. The Mozambique LNG facility fits neatly into this objective, as SHI continues to diversify and strengthen its project portfolio with large-scale, energy-related ventures beyond conventional shipbuilding.
As of the first half of 2025, SHI has secured a total of $3.3 billion in new orders, reaching approximately 34 percent of its full-year order target of $9.8 billion. The company remains optimistic about meeting its goal, especially as demand for advanced energy infrastructure continues to rise globally. For comparison, in 2024, SHI secured a total of $7.3 billion in orders, demonstrating a consistent upward trajectory in its offshore and shipbuilding businesses.
Additionally, Samsung Heavy reported a substantial order backlog of $26.5 billion as of the end of June 2025. This backlog is significant enough to sustain operations at its shipyards for at least the next three years, ensuring a stable production schedule and reinforcing investor confidence in its long-term growth.
The company’s latest venture in Africa not only strengthens its foothold in the global offshore Energy Market but also underlines its strategic shift toward capitalizing on the worldwide push for energy diversification and security. With an increasing number of nations turning to floating LNG solutions as a flexible and efficient means of energy production, Samsung Heavy is well-positioned to benefit from this market evolution.
