MOL starts new Indonesian LNG joint venture

MOL starts new Indonesian LNG joint venture

Japan’s Mitsui OSK Lines (MOL) has teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL) to launch the joint operation of the LNG carrier Triputra, which has just conducted the project’s first discharging operation at the Port of Benoa on Bali Island.

This is the second coastal shuttle transport project following one serving for West Java, for which MOL secured an order in 2011. In that project, a vessel shuttle-transports LNG to the Port of Benoa, and discharges it to a floating storage unit (FSU) moored there.

PEL, the charterer, is working to establish a gas value chain with the new method—transferring LNG discharged to FSU to the floating regasification unit (FRU) moored at the pier. This facility regasifies the LNG and pipes the gas to a power plant on Bali.

“This is a groundbreaking project that pioneers a new mode of transport for natural gas,” MOL 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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