Samsung Heavy Industries (SHI) said in a regulatory filing on October 18 that the contract period is valid until the end of January 2027. The new deal brought SHI's total orders to $10.3 billion for 71 vessels that exceeded this year's target of $9.1 billion.
Russia aims to export liquefied natural gas (LNG) as much as Qatar. Novatek has launched its Arctic LNG 2 project that requires a number of ice-breaking tankers. SHI has teamed up with the Zvezda shipyard in the Russian Far East to take part in designing icebreakers. In November 2020, the shipbuilder won a $2.5 billion order to supply block materials to a Eurasian client.
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