Samsung Heavy Industries Co., a South Korean shipbuilder, said Monday it has received a letter of agreement to build an offshore facility for around $2.26 billion.
Under the agreement with Inpex Corp. of Japan, Samsung Heavy will construct the offshore gas processing facility by the end of 2015, the company said.
Both sides will officially sign the deal this month, Samsung Heavy said.
French supermajor Total and Inpex are working on a $34-billion liquefied natural gas project in Australia.
Samsung Heavy aims to win orders totaling $12.5 billion this year. In 2011, the shipbuilder received $15 billion worth of orders.
