MOL mulls LNG transshipment stakes
The Japanese shipping company is looking to acquire stakes in the FSUs serving Russia’s Arctic LNG 2 project
Japanese shipping company Mitsui OSK Lines (MOL) has signed a letter of intent with Russian state-owned transport leasing company GTLK for the acquisition of 49pc of the floating storage units (FSUs) serving the Arctic LNG 2 liquefaction scheme. The Kamchatka and Murmansk FSUs will be used to facilitate transshipment of Arctic LNG cargoes from specialist ice-class carriers—which are limited in availability—on to conventional LNG-carrying vessels for delivery to buyers. The FSUs are currently 100pc-owned by GTLK, while MOL has previously chartered three of its ice-breaking LNG carriers to serve the project. The transshipment terminals—each with 21mn t/yr of capacity—will be operated by Arcti

Welcome to the PE Media Network
PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

Comments