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
Also in this section
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain
7 May 2024
Ample stocks and a soft demand outlook will limit how much LNG Europe can import this year
3 May 2024
Upcoming elections are likely to deliver a win for the party of president Andres Lopez Obrador, but analysts differ over to what degree his successor will stick to his energy policies