MOL to provide Hong Kong with an FSRU

MOL to provide Hong Kong with an FSRU

Japan’s Mitsui OSK Lines (MOL) has entered into a preliminary agreement to supply a floating storage and regasification unit (FSRU), as well as jetty operation and maintenance services for the Hong Kong Offshore LNG Terminal Project on a long term contract. MOL will utilize the MOL FSRU Challenger built in 2017 with a storage capacity of 263,000 cu m which remains the largest FSRU in the world today, to provide services to the Hong Kong Offshore LNG Terminal Project.

The FSRU was constructed at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea and is currently employed on a mid-term charter for a project in Turkey. The Hong Kong Offshore LNG Terminal Project will be located at the southern waters of Hong Kong and to the east of the Soko Islands. The FSRU is expected to enter into service at the Hong Kong Offshore LNG Terminal around the end of 2020 earliest after delivery and completion of commissioning. The FSRU will distribute gas into two destinations in Hong Kong, the Black Point Power Station located at New Territories and Lamma Power Station.

The Hong Kong Offshore LNG Terminal Project is being developed to support the Hong Kong Special Administrative Region (HKSAR) government’s target of generating about half of Hong Kong’s electricity from natural gas from 2020 onward to improve air quality and environmental condition in Hong Kong.

“MOL is enthusiastic to contribute to the success of Hong Kong’s first ever LNG import project through the provision of our FSRU service,” the Japanese line said in a release today.

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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