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NewswireTODAY - /newswire/ -
Singapore, Singapore, 2025/09/19 - 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 liquefied natural gas (LNG) terminal - Hanwha.com / ABB.com. ABBN: SIX Swiss Ex
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• First floating storage and regasification unit for Singapore will feature complete power and propulsion system from ABB;
• The project consolidates collaboration between ABB and Hanwha Ocean spanning extensive work across LNG carrier projects;
• Advanced facility is a strategic investment in Singapore’s energy infrastructure and key part of the city state's energy transition strategy.
The contract is the latest milestone in the long-standing collaboration between ABB and Hanwha Ocean (hanwha.com).
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, its proven condition monitoring solution and an enhanced power protection system (EPPS).
The FSRU will be delivered to owner Mitsui O.S.K. Lines (MOL) in 2027 and contracted for long-term charter by Singapore LNG Corporation Pte Ltd (Singapore LNG). With capacity for 200,000 cubic meters 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 five million tons of LNG per annum at a floating facility, adding flexibility and increasing Singapore’s LNG importing capacity by 50 percent compared to the current single landside terminal in Jurong.
“We are proud to continue our long-lasting collaboration with Hanwha Ocean by supplying an integrated electrical system for Singapore’s first FSRU,” said Rune Braastad, Global Business Line Manager, Marine Systems, ABB’s Marine & Ports division. “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.”
Wood Mackenzie notes that Asia Pacific accounted for two-thirds of global LNG demand in 2024, and anticipates the high level of activity to continue as stakeholders balance energy security with economic realities1. The strong outlook highlights the significance of the enduring and growing relationship between Hanwha Ocean and ABB as well as ABB’s continued contribution to infrastructure development in Singapore, where it began operating in 1971.
Hanwha Ocean has delivered 23.4 percent of the global gas fleet and recently became the first shipbuilder to complete its 200th LNG carrier2. It is also one of the leading builders of FSRUs in the world.
ABB (abb.com) is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide.
ABB’s Process Automation business automates, electrifies and digitalizes industrial operations that address a wide range of essential needs from supplying energy, water and materials, to producing goods and transporting them to market. With its ~20,000 employees, leading technology and service expertise, ABB Process Automation helps process, hybrid and maritime industries outrun leaner and cleaner.
References
[1] Asia Pacific gas & LNG: 5 things to look for in 2025 | Wood Mackenzie
[2] Hanwha Ocean delivers 200th LNG carrier
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