MOL secures long-term LNG service structure with QatarEnergy

Mitsui OSK Strains (MOL) has launched a long-term time structure settlement with QatarEnergy for six new QC-MAX LNG carriers, each with a functionality of 271,000m3.

The vessels, scheduled for provide between 2028 and 2031, could be constructed at Hudong-Zhonghua Shipbuilding in China and co-owned with COSCO SHIPPING LNG Funding (Shanghai).

As an proprietor of LNG carriers, MOL has maintained a relationship with QatarEnergy given that mid-Nineties, primarily by way of its worldwide LNG transportation suppliers.

The addition of these vessels brings MOL’s full awarded ships beneath QatarEnergy’s North Topic Progress Enterprise to 13.

The QC-MAX carriers are designed with a complicated experience to ship greater environmental effectivity, aligning with MOL’s Environmental Imaginative and prescient 2.2.

In April 2023, MOL launched the Environmental Imaginative and prescient 2.2 to comprehend net-zero GHG emissions by 2050, establishing on progress from its 2021 roadmap.

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The updated plan incorporates enhanced key effectivity indicators (KPIs) and milestones for bigger sustainability impression.

This initiative is predicted to contribute to MOL’s sustainability factors, which embrace protected transportation, marine and worldwide environmental conservation, and innovation in marine experience.

Closing month, MOL and Kansai Electrical Vitality Agency (KEPCO) signed a memorandum of understanding (MoU) to collectively study liquefied hydrogen carriers.

The collaboration will uncover the maritime transport of liquefied hydrogen, an important ingredient in establishing a hydrogen gasoline present chain.

MOL moreover launched a collaboration with PETRONAS CCS Ventures and MISC in September to develop liquefied carbon dioxide (LCO₂) carriers.

The collaboration objectives to advance and commercialise experience for carbon seize and storage (CCS) duties.



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