How much is the Samsung Heavy LNG carrier order worth?

Seoul Economic Daily reports 672.2 billion won. LNG Prime reports approximately $494 million. We did not reconcile the two against an exchange rate, and LNG Prime's paywalled text prevented a check of its details, so the dollar figure is reported, not independently confirmed. Dividing the won figure by two gives about 336.1 billion won per ship, which is our arithmetic, not a disclosed unit price.

Who ordered the ships and when are they due?

Seoul Economic Daily describes the buyer only as an Asian shipowner and reports delivery in May 2029. LNG Prime's accessible text names neither a buyer nor a delivery date. Any identification of the owner or charterer would be speculation.

Does the order affect LNG supply or prices?

Nothing in either report links the order to a specific LNG project, volume or price. Ships due in 2029 add shipping capacity late in the decade and do not change current cargo flows. This is analysis, not trading advice.

Samsung Heavy's Two-LNG-Carrier Order: 672.2 Billion Won

Samsung Heavy Industries disclosed the contract in a regulatory filing on 2 October 2026, according to Seoul Economic Daily. LNG Prime puts the value at about $494 million, and neither report names the owner.

Samsung Heavy Industries' two-LNG-carrier order, worth 672.2 billion won (about $494 million per LNG Prime), is a shipping-capacity signal, not a gas-supply or price signal. The company disclosed it in a regulatory filing on 2 October 2026, per Seoul Economic Daily; delivery is May 2029 and the buyer is unnamed. This is analysis, not trading advice.

The Gulf Barrel Desk October 5, 2026 Updated October 5, 2026 · 3 min read

Seoul Economic Daily reports Samsung Heavy disclosed the two-carrier contract, valued at 672.2 billion won, in a regulatory filing on 2 October 2026.
LNG Prime, also dated 2 October 2026, puts the order at about $494 million; its full text is paywalled, so we could not check its details.
Seoul Economic Daily reports delivery in May 2029 and describes the buyer only as an unnamed Asian shipowner.
Seoul Economic Daily reports the yard has taken 20 LNG carriers in 2026, including one LNG floating storage and regasification unit.
A newbuild order adds shipping capacity years out; it is not a cargo, a supply contract or a price signal.

Samsung Heavy Industries has secured an order for two LNG carriers. Seoul Economic Daily, in a report dated 2 October 2026, says the yard disclosed the contract in a regulatory filing that day, valued at 672.2 billion won with delivery in May 2029. LNG Prime, also dated 2 October 2026, puts the value at about $494 million. We did not read the filing itself, so the figures are as reported by those outlets.

What the filing reportedly says

According to Seoul Economic Daily, Samsung Heavy disclosed the contract in a regulatory filing on 2 October 2026: two LNG carriers, 672.2 billion won, delivery in May 2029, buyer described only as an Asian shipowner. LNG Prime's accessible text gives about $494 million for the same two vessels but names no buyer or delivery date. Vessel specifications and charter terms are not available in either report we could access.

Where the order sits in the yard's 2026 book

Seoul Economic Daily reports the order brings Samsung Heavy's 2026 LNG-carrier orders to 20 vessels, including one LNG-FSRU. It also reports commercial-vessel orders of $8 billion, 140% of a $5.7 billion annual target, and total orders of 48 vessels worth $12.4 billion, 89% of a $13.9 billion target. Those are single-outlet figures that we did not match to a second source.

What the order does not tell us

A shipbuilding contract is not a cargo flow, a supply contract or a price signal. Neither report links these two ships to a specific LNG project, volume or Gulf supplier, so any read-across to Gulf LNG exports would be our inference, not a reported fact. Delivery in 2029 means any effect on shipping capacity arrives late in the decade. Watch for a named owner and any charter announcement. This is analysis, not trading advice.

How much is the Samsung Heavy LNG carrier order worth?: Seoul Economic Daily reports 672.2 billion won. LNG Prime reports approximately $494 million. We did not reconcile the two against an exchange rate, and LNG Prime's paywalled text prevented a check of its details, so the dollar figure is reported, not independently confirmed. Dividing the won figure by two gives about 336.1 billion won per ship, which is our arithmetic, not a disclosed unit price.
Who ordered the ships and when are they due?: Seoul Economic Daily describes the buyer only as an Asian shipowner and reports delivery in May 2029. LNG Prime's accessible text names neither a buyer nor a delivery date. Any identification of the owner or charterer would be speculation.
Does the order affect LNG supply or prices?: Nothing in either report links the order to a specific LNG project, volume or price. Ships due in 2029 add shipping capacity late in the decade and do not change current cargo flows. This is analysis, not trading advice.

Samsung Heavy nets order for two LNG carriers — LNG Prime
Samsung Heavy Wins Two More LNG Carriers Worth 672.2 Billion Won — Seoul Economic Daily