MOL, Vopak to jointly operate HK FSRU
Japan's MOL and Dutch Vopak will jointly own and operate an FSRU and provide jetty operations and maintenance and port services for a new offshore LNG terminal in Hong Kong, they said on December 16.
Vopak will acquire 49.99% of the vessel owning company of MOL that owns an FSRU named MOL FSRU Challenger, to be renamed Bauhinia Spirit. The FSRU has storage and regasification capacities of 263,000 m3 and 800mn ft3/day, respectively.
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The offshore jetty platform for the mooring of the FSRU and LNG carriers are owned by Hong Kong LNG Terminal. The terminal is currently under construction and is expected to be operational around mid-2022.
The terminal will provide natural gas feedstock to the customer’s dedicated power plants. It is being developed to support the Hong Kong government’s target of improving air quality and environmental conditions by increasing the percentage of power generation by natural gas, the companies said.
This agreement follows MOL’s earlier announcement whereby it entered into a long-term contract with the customer and an agreement with Vopak for jetty support.
The companies said they aim to explore further downstream opportunities for bunkering of LNG in Hong Kong.