Samsung Heavy wins $1.38 bln LNG producer orders

SEOUL, March 10 (Reuters) - South Korea's Samsung Heavy Industries Co (010140.KS: Quote, Profile, Research, Stock Buzz) said on Monday it had won a total of $1.38 billion in orders to build liquefied natural gas (LNG) vessels for unidentified companies in Europe.

Samsung said in a filing with the Korea Exchange it would build a 438.9 billion won ($458.5 million) LNG producer, a ship that can liquefy, store and offload natural gas offshore, by October 2011.

Samsung also said it would built two such ships worth 877.8 billion won ($916.9 million) in a separate order, due by June 2011.

The company that placed the second order had originally signed a deal last year for two simple LNG carriers but has upgraded the order to LNG producers, Samsung added. ($1=957.3 Won) (Reporting by Rhee So-eui; Editing by Keiron Henderson)