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 LNG (FLNG) terminal. The contract is the latest milestone in the long-standing collaboration between ABB and Hanwha Ocean. 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). Lines (MOL) in 2027 and contracted for long-term charter by Singapore LNG Corp. Pte Ltd (Singapore LNG). Singapore LNG has signed contracts to process 5 million tpy of LNG at a floating facility, adding flexibility and increasing Singapore’s LNG importing capacity by 50% compared to the current single landside terminal in Jurong.