MOL, Novatek to collaborate on LNG FSU newbuildings

Photo: MOL (file)

Mitsui OSK Lines (MOL), Novatek, and the Japan Bank for International Cooperation (JBIC) have entered into a cooperation agreement for LNG transshipment projects in Kamchatka and Murmansk.

The agreement entails the construction of floating storage units (FSUs) to transship LNG cargo from ice-breaking LNG carriers to conventional LNG ships.

The FSUs will be located in Kamchatka and in Murmansk and will be used for the transshipment of LNG cargo produced by Novatek’s Yamal LNG project and Arctic LNG 2 project.

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