MOL enters FSRU charter talks with Hong Kong Offshore LNG Terminal Project

Mitsui OSK Lines (MOL) has entered into a preliminary agreement to supply a floating storage and regasification unit (FSRU), as well as jetty operation and maintenance services for the Hong Kong Offshore LNG Terminal Project on a long-term contract.

MOL will utilise the MOL FSRU Challenger built in 2017 with a storage capacity of 263,000m³ to provide services to the project.

The FSRU was constructed at Daewoo Shipbuilding and Marine Engineering in South Korea and is currently employed on a mid-term charter for a project in Turkey.

The Hong Kong Offshore LNG Terminal Project will be located in the southern waters of Hong Kong and to the east of the Soko Islands.

The FSRU is expected to enter into service at the Hong Kong Offshore LNG Terminal around the end of 2020 after delivery and completion of commissioning.