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Samsung Heavy snags $3bn in orders for 14 LNG carriers

South Korean shipbuilders benefit as Europe seeks alternatives to pipeline gas

An LNG carrier built by Samsung Heavy. (Photo courtesy of Samsung Heavy Industries)

SEOUL -- Samsung Heavy Industries said Wednesday it has won orders for 14 liquefied natural gas carriers worth 3.9 trillion won ($3 billion) as European countries reduce natural gas purchases from Russia and look for alternative sources of the fuel in the wake of the Ukraine invasion.

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