MOL participates in Russian gas transhipment projects across the Northern Sea Route

MOL participates in Russian gas transhipment projects across the Northern Sea Route

Gas infrastructure along Russia’s Northern Sea Route is set to get a Japanese upgrade with news Mitsui OSK Lines (MOL) and the Japan Bank for International Cooperation (JBIC) have signed a cooperation agreement with Novatek to develop LNG transhipment projects in Kamchatka and Murmansk.

The projects will construct floating storage units (FSUs) to tranship LNG cargoes from ice-breaking LNG ships to conventional LNG ships. The FSUs will be located in Kamchatka and in Murmansk and will be used for the transhipment of LNG cargoes produced by Novatek’s Yamal LNG Project and Arctic LNG 2 Project, two of the largest gas developments in the world.

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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