MOL inks FSRU charter deal for Hong Kong offshore LNG terminal

Japan’s Mitsui OSK Lines (MOL) has entered into a long term charter contract with Hong Kong LNG Terminal to supply a FSRU for the Hong Kong Offshore LNG Terminal project.

The FSRU, the 263,000 cu m MOL FSRU Challenger, was built at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) in 2017, is currently employed on a mid-term charter for a project in Turkey.

The MOL FSRU Challenger will sail to Hong Kong to being testing and commissioning when the Hong Kong Offshore LNG Terminal project finishes construction, currently expected in 2021.

The project is located at the southern waters of Hong Kong and to the east of the Soko Islands.

The FSRU will supply gas to two destinations in Hong Kong, the Black Point Power Station located in the New Territories and Lamma Power Station located at Lamma Island. The project is being developed to support the Hong Kong Special Administrative Region (HKSAR) government’s plan to increase the percentage of power generation from natural gas to meet its pledged environmental targets.

In addition, MOL has entered into an agreement with Royal Vopak for this project. Tank storage company Royal Vopak will assist in the project development related to the jetty operation and maintenance services.

Read more: CLP Power plans construction of HK offshore LNG terminal at year-end

Hong Kong LNG Terminal is a joint venture between The Hongkong Electric Company and Castle Peak Power Company Limited (CAPCO), which in turn is a joint venture between CLP Power Hong Kong Limited and China Southern Power Grid International (HK) Co.

Posted 24 June 2019

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Lee Hong Liang

Asia Correspondent