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.