MOL Inks LNG Transport Deal with Two Japanese Utilities
Mitsui O.S.K. Lines (MOL) has concluded a contract for a long-term liquefied natural gas (LNG) transport with Osaka Gas and Kyushu Electric Power.
Given the transport deals, MOL will soon sign a contract with Mitsubishi Heavy Industries Co., Ltd. (MHI) for construction of a 155,000cm3 LNG carrier. The vessel will transport LNG that Osaka Gas and Kyushu Electric Power purchase through the Australia Ichthys LNG project.
“LNG has drawn attention as an environment-friendly energy resource. New large-scale projects are being planned in North America and East Africa, setting the stage for increased demand for LNG transport. MOL strives to further expand its LNG transport services,” the company said in a statement.