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MOL and GAIL sign LNG carrier charter agreement

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LNG Industry,

Mitsui O.S.K. Lines, Ltd (MOL) has announced that it has signed a short-term charter agreement for an LNG carrier with GAIL (India) Ltd.

In the statement, MOL claims that it is expected that demand for gas will continue to increase in India. The company has been actively involved in the Indian market since the beginning of LNG imports into the country, with the distinction of having brought the first gas from Qatar. MOL is currently participating in not only the transportation of LNG, but also in India’s floating LNG receiving terminal, as well as ethane transportation by the world’s first very large ethane carrier (VLEC).

According to the statement, the present agreement has been concluded in line with MOL’s ‘Rolling Plan 2019’, which aims to strategically allocate management resources to businesses where MOL has strengths.

MOL claims that it will, in response to growing demand for energy transportation, continue its effort to provide stable sea transportation services with high safety standards.

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