"Do you remember 100 LNG carriers from Qatar to Korea?"
Jeong Ho-young, CEO of SAMJIN and SAMJIN JMC, visited Qatar on October 24 to support orders for Korean shipbuilding, Korea, with Minister of Trade, Industry and Energy Moon Seung-wook, who is visiting the Middle East. The visit was made at the invitation of Qatar's Minister of Energy Al-Kaabi.
Currently, Qatar Energy Corporation is seeking to order LNG ships to develop the world's largest Northfield gas field, which accounts for 13% of the world's gas reserves. South Korea's three shipbuilders signed a slot contract for LNG carriers in June last year, and orders are expected to take place in earnest.
With this visit to Qatar, South Korea signed an MOU for cooperation between free economic zones, which focuses on cooperation in attracting investment and efforts to establish a corporate network. Companies in the fields of shipbuilding, plants, hydrogen, and bio attended the "Korea-Qatar Business Round Table" hosted by the Chamber of Commerce between the two countries to discuss ways to cooperate with post-Corona to respond to carbon neutrality.
SAMJIN was founded 30 years ago in 1991 by Jeong Tae-hee, the current chairman of the Daejeon Chamber of Commerce and Industry. It is a global company that specialized in ultra-low temperature valves and valve devices applied to oil fields and exports them to 43 countries.
Recently, SAMJIN has ordered for the UAE crude oil treatment facility, Indonesian thermal power plant, and Vietnam Ho Chi Minh Water Purification Plant project. In addition, valves were supplied to 200 large and small overseas construction sites such as oil fields, offshore plants, chemical plants, and water purification and wastewater. Samjin Group has two affiliates, Samjin Korea, which makes water supply piping materials, and Samjin JMC, which produces ball valves for plants.
For more information:
- JMC's homepage: www.samjinvalve.com
- Daejeon Chamber of Commerce and Industry's homepage: daejeoncci.korcham.net
