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MOL enters into FSRU project in UruguayMOL enters into FSRU project in Uruguay

Mitsui OSK Lines (MOL) has signed a 20-year time-charter on one floating storage regasification unit (FSRU) with a subsidiary of GDF Suez for operation in Uruguay.

Lee Hong Liang, Asia Correspondent

October 4, 2013

1 Min Read
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The 263,000 cu m FSRU will be a core facility for a LNG import project in Uruguay led by Gas Sayago.

Built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME), the FSRU will be completed in September 2016 and will enter into service in November 2016 after delivery and commissioning at Montevideo port.

MOL said this will be the first FSRU project for the Japanese firm to solely build, own and operate.

“Participation in this project marks an important milestone for MOL to enter into the expanding business field. MOL will take further active steps to develop more new business opportunities in this field that promises growth,” MOL said.

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About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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