MOL wins Indian LNG contract

Japan’s Mitsui OSK Lines (MOL) has secured a short-term charter agreement from India’s main natural gas company, GAIL, for one of its LNG carriers. No further specifics have been revealed about the deal.

MOL tends to focus on long-term charters when it comes to its LNG division. Like compatriot Nippon Yusen Kaisha (NYK) it has sought to grow its Indian energy business a great deal in recent years.

“It is expected that demand for gas will be increasing continuously in India, registering significant economic growth,” MOL stated 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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