UPDATE 1-S.Korea Samsung Heavy wins Shell LNG facility deal

Newswire

* Deal estimated at $50 bln for 10 orders * Samsung Heavy shares gain 5.06 pct (Adds details) SEOUL, July 29 (Reuters) - South Korea's Samsung Heavy said on Wednesday that it had signed a contract to build floating liquefied natural gas (LNG) storage facilities for Royal Dutch Shell for the next five years, renewable for up to 15 years. A Samsung Heavy spokesman separately told Reuters the market estimated the contract would include 10 orders worth roughly $50 billion, although the ...

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