MOL signs long-term charter with Hong Kong LNG Terminal for FSRU

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

For the project, the company will utilise MOL FSRU Challenger, which has a storage capacity of 263,000 cubic metres.

The Hong Kong Offshore LNG Terminal will be located at the southern waters of Hong Kong and to the east of the Soko Islands. The FSRU will be delivered to Hong Kong to begin testing and commissioning when the project finishes construction, currently expected in 2021.

The FSRU will supply gas to two destinations in Hong Kong: the Black Point Power Station located in the New Territories and Lamma Power Station located at Lamma Island.

The project is being developed to support the Hong Kong SAR Government’s plan to increase the percentage of power generation from natural gas to meet its pledged environmental targets.