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MOL and CSET sign MoU for LNG and ethane projects

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LNG Industry,

Mitsui O.S.K. Lines Ltd (MOL) has announced that it has signed a memorandum of understanding (MoU) with COSCO SHIPPING Energy Transportation Co. Ltd (CSET), a subsidiary of China COSCO Shipping Corp. Ltd.

The MoU sets out the parameters for further joint cooperation between both parties, for future LNG carrier projects and ethane carrier projects.

For over 10 years, MOL and CSET have developed a strong partnership, with both parties jointly participating in various ongoing projects, such as the ExxonMobil DES Project, Australia Pacific LNG Project and Yamal LNG Project.

At the same time, MOL claims that both companies are aiming to strengthen their partnership through joint participation in new opportunities regarding upcoming LNG and ethane carrier projects.

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