ABB has secured a contract from Korean shipbuilder Hanwha Ocean to supply a complete electric power and propulsion system for Singapore's first floating LNG terminal, marking the latest collaboration between the Swiss technology firm and the South Korean shipbuilder.

The integrated electrical system for the Floating Storage and Regasification Unit (FSRU) will comprise a medium voltage generator, 6.6kV switchboards for cargo and regasification, and motor, transformer, and drive components for propulsion. The floating terminal will also feature ABB's remote control and diagnostics systems, condition monitoring technology, and an enhanced power protection system.

The vessel is scheduled to be delivered to owner Mitsui O.S.K. Lines (MOL) in 2027 and contracted for long-term charter by the government-owned Singapore LNG Corporation (SLNG). With capacity for 200,000 cbm of LNG, the FSRU will be moored at Jurong Port and connected to the gas network in 2030, under MOL's management.

The new FSRU represents a strategic investment in Singapore's energy infrastructure and forms part of the city-state's energy transition toward net-zero emissions. Singapore LNG has signed contracts to process five million tonnes of LNG per annum at the 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."

The Asia Pacific region accounted for two-thirds of global LNG demand in 2024, according to Wood Mackenzie, which anticipates continued high activity levels as stakeholders balance energy security with economic realities.

As of February 2025, Hanwha Ocean had received the most orders for LNG carriers (LNGCs) worldwide, at 23.4%, according to Clarksons Research data cited by the shipbuilder. It also recently became the first to complete its 200th LNGC and is one of the world's leading builders of FSRUs.