Hanwha Ocean, one of the leading shipbuilders in South Korea, has awarded ABB the contract to supply a complete electric power and propulsion system for Singapore’s first floating LNG terminal.
The contract is the latest milestone in the long-standing collaboration between ABB and Hanwha Ocean. ABB ’s integrated electrical system on board the floating storage and regasification unit (FSRU) will comprise a medium voltage generator, 6.6kV switchboards for cargo and regasification, and the motor, transformer and drive for propulsion. The floating terminal will also feature ABB’s remote control and remote diagnostics system, condition monitoring solution and an enhanced power protection system (EPPS).
The FSRU will be delivered to owner Mitsui OSK Lines (MOL) in 2027 and contracted for long-term charter by Singapore LNG Corporation. With capacity for 200,000m3 of LNG, the FSRU will be moored at Jurong Port and connected to the gas network in 2030, under the management of MOL.
The new FSRU is a strategic investment in Singapore’s energy infrastructure and a key part of the city state’s energy transition toward net-zero emissions. Singapore LNG has signed contracts to process 5m ton/yr of LNG at a floating facility, adding flexibility and increasing Singapore’s LNG importing capacity by 50% compared to the current single landside terminal in Jurong.
Rune Braastad, Global Business Line Manager, Marine Systems, ABB Marine and Ports, said: “We are proud to continue our long-lasting collaboration with Hanwha Ocean by supplying an integrated electrical system for Singapore’s first FSRU. This collaboration underscores our shared commitment to innovation, reliability, and sustainability, and is ABB’s latest contribution to the critical infrastructure supporting Singapore’s position as an important LNG hub in Asia.”
According to data analyst Wood Mackenzie, Asia Pacific accounted for two-thirds of global LNG demand in 2024, and the high level of activity is expected to continue as stakeholders balance energy security with economic realities. The strong outlook highlights the growing relationship between Hanwha Ocean and ABB – as well as ABB’s contribution to infrastructure development in Singapore, where it began operating in 1971.
Hanwha Ocean has delivered 23.4% of the global gas fleet and recently became the first shipbuilder to complete its 200th LNG carrier, and is a leading builder of FSRUs.
Image: Singapore’s first FSRU (credit: Singapore LNG)
