MOL and Tokyo Gas cement ties

Tokyo:  Tokyo Gas Co  and Mitsui O.S.K. Lines today announced that Tokyo LNG Tanker Co, a wholly owned subsidiary of Tokyo Gas and MOL executed an agreement under which Tokyo LNG Tanker will receive a minority stake of the shares owned by MOL in the joint-venture companies related to the LNG Shuttle and Regasification Vessels (SRVs) owned jointly by MOL and Höegh LNG.
Two SRVs are long time chartered to GDF SUEZ to serve the Neptune LNG Deep Water Port terminal off Boston on the U.S. East Coast as well as other requirements. [31/08/10]