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MOL and Marubeni team up for Kamchatka LNG transhipment project

MOL and Marubeni team up for Kamchatka LNG transhipment project

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Japan’s largest shipowner Mitsui OSK Lines (MOL) and compatriot trading house have today signed a memorandum of understanding in Moscow with PAO Novatek to develop a sizeable LNG transport network in the Kamchatka area in the far east of Russia.

Novatek is Russia’s largest independent gas production and sales company.

The three parties are looking at building an LNG transhipment and marketing complex in the Kamchatka area.

The potential project will create offshore infrastructure to tranship LNG cargoes from ice-breaking LNG ships to standard LNG ships. The LNG will be produced in LNG projects Novatek is implementing in the Arctic region.

“The Project will ensure flexible LNG supply to the Asia-Pacific region,” MOL said in a release.

 

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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