TOKYO- Mitsui O.S.K. Lines, Ltd. (MOL) today announced that the company was selected to transport liquefied natural gas (LNG) to a floating storage and regasification unit (FSRU) operated by PT Nusantara Regas off Jakarta.
The project marks Indonesia’s first domestic transport of LNG. It will ship up to 3 million tons of LNG from Bontang and other Indonesian ports. It is also MOL’s first offshore business in Indonesia.
MOL established a joint venture with Indonesian ocean shipping company PT Trada Maritime Tbk which owns and operates the LNG carrier LNG Aquarius. Operation is scheduled to start in late January, 2012, and the transport contract runs through the end of 2022.
Coastal transport of LNG is a new business model for Indonesia, where domestic demand for natural gas is increasing. MOL takes a proactive stance in providing LNG transport services that precisely meet customer needs.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 110,120 members that receive our newsletter.
Have a news tip? Let us know.
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure.
A Russian Navy frigate equipped with new generation hypersonic cruise missiles has conducted drills in the English Channel and is carrying out tasks in the Atlantic Ocean, Russian news agencies reported on Tuesday.
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 110,120 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
