Samsung Heavy Industries has launched the Megúgu, a $4 billion floating liquefied natural gas (FLNG) unit, at its Geoje shipyard in South Korea. The vessel, destined for British Columbia's coast, is a coastal-type FLNG designed for liquefaction, storage, and offloading of natural gas from onshore sources. With a hull area 2.5
times that of a soccer field and a launch weight of about 50,000 tons, it ranks among the largest offshore plants ever built. This launch marks a world-first as Samsung simultaneously constructs three large-scale FLNG units, including Malaysia’s ZLNG and Italy’s Coral Norte FLNG. The project is a joint venture owned 50.1% by the Haisla Nation and 49.9% by Pembina Pipeline Corp, with Black & Veatch providing liquefaction technology. Final delivery is scheduled for the first half of 2028, with the facility expected to produce 3.3 million metric tons of LNG annually, powered uniquely by hydroelectricity to reduce emissions.
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