Skip to main content

Mitsubishi Corp. advances LNG carrier JV for Cameron LNG project

Published by
LNG Industry,


Mitsubishi Corp. has announced plans for a new LNG carrier to be deployed to the Cameron LNG project in the US.

The vessel will be owned by Diamond LNG Shipping 3 Pte Ltd (DLS-3), which is a ship-owning joint venture (JV) formed by Mitsubishi Corp., Toho LNG Shipping Co. Ltd 1, Tohoku Electric Power Co. Inc. and Nippon Yusen Kabushiki Kaisha.

In December 2015, Mitsubishi Corp. entered into a shipbuilding contract with MI LNG Co. Ltd 2, and signed a heads of agreement (HoA) for time charter party with its wholly owned subsidiary Diamond Gas International Pte Ltd for the building of the new vessel as part of its efforts to secure carriers to transport LNG produced at the Cameron LNG facility.

DLS-3 was established as a wholly owned subsidiary of Mitsubishi Corp. in May 2016, but there was an understanding at the time that it would become a four-company JV once approved by the relevant authorities, and procedures for equity participation were completed.

Read the article online at: https://www.lngindustry.com/lng-shipping/10012017/mitsubishi-corp-advances-lng-carrier-jv-for-cameron-lng-project/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US LNG news LNG export news