The Northern Sea Route still requires specialist vessels
MOL mulls LNG transshipment stakes
The Japanese shipping company is looking to acquire stakes in the FSUs serving Russia’s Arctic LNG 2 project
Japanese shipping company Mitsui OSK Lines (MOL) has signed a letter of intent with Russian state-owned transport leasing company GTLK for the acquisition of 49pc of the floating storage units (FSUs) serving the Arctic LNG 2 liquefaction scheme. The Kamchatka and Murmansk FSUs will be used to facilitate transshipment of Arctic LNG cargoes from specialist ice-class carriers—which are limited in availability—on to conventional LNG-carrying vessels for delivery to buyers. The FSUs are currently 100pc-owned by GTLK, while MOL has previously chartered three of its ice-breaking LNG carriers to serve the project. The transshipment terminals—each with 21mn t/yr of capacity—will be operated by Arcti
Also in this section
15 January 2025
The oil and gas industry will replace its capital discipline with Trump compliance and consumers will benefit from lower gasoline prices
15 January 2025
How legislative reforms and ambitious exploration plans are transforming India into a global energy investment hotspot—and why international investors are taking notice
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
