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MOL inks 20-year contract for world's largest FSRU

Mitsui OSK Lines (MOL) has inked a 20-year charter contract with Gas Sayago of Uruguay for the world’s largest FSRU.

Marcus Hand, Editor

July 22, 2016

1 Min Read
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MOL subsidiary Lakler signed the contract with Gas Sayago, a joint venture between Uruguay's state oil company ANCAP and state power company UTE, for the charter of the FSRU from the first half of 2018. The contract is subject to Uruguay government approval which is expected by the end of the year.

The FSRU, currently under construction at Daewoo Shipbuilding and Marine Engineering, will feature a 263,000 cu m storage tank, largest on any FSRU in the world.

The FSRU is equipped with the capability of re-loading LNG cargo to shuttle tankers as well as sending gas through pipelines. This will allow re-export services and LNG bunkering.

Read more about:

LNGFSRULNG bunkering

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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