MOL fixes FSRU in Uruguay

MOL fixes FSRU in Uruguay

Mitsui OSK Lines (MOL), via subsidiary Lakler, has agreed to conclude a charter contract, with an eye toward reaching a final deal in June this year, with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, for a floating storage and regasification unit (FSRU) project in Montevideo, led by Gas Sayago.

The FSRU that will serve this project is currently under construction at Daewoo Shipbuilding & Marine Engineering in South Korea. It will be equipped with the largest LNG storage tank (263,000 cu m) of any FSRU in the world.

“MOL anticipates continued growth in the FSRU field, and is aggressively seeking new opportunities, drawing upon more than 30 years of experience and a strong track record in LNG loading/discharging, vessel operation, and maintenance,” the Japanese line said in a release.

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.

Related Posts