Mitsui O.S.K. Lines, Ltd. (MOL) has announced that on April 10, through a subsidiary, it signed a long-term charter contract for four newbuilding LNG carriers with QatarEnergy. The vessels will be built at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China and are slated for delivery from 2024 through 2025.
MOL’s solid track record in building LNG carriers in China, in addition to its performance in the LNG carrier business and safety in navigation and cargo handling, earned high regard from QatarEnergy, leading to the successful conclusion of the contract. Furthermore, since the Qatargas1 Project launched in mid-1990, MOL and QatarEnergy have strengthened their relationship and increased the LNG fleet chartered from MOL affiliates to QatarEnergy subsidiaries, which 4 LNG Carriers will further expand by this contract.
QatarEnergy has been developing the North Field Expansion Project to expand its gas production to 126 million tons per annum by 2027. MOL, through its participation in LNG projects in Qatar, will ensure a stable global LNG supply and enhance the maritime
transport of the next-generation, environment-friendly energy resources.
Addressing environmental issues in line with the “MOL Group Environmental Vision 2.1”, the group implements comprehensive, ongoing efforts to achieve sustainable net-zero GHG emissions and contribute to the realisation of a low- and
decarbonised society.
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