Japan's MOL pens FSRU charter deal with Polish Gaz System
Japanese shipping company Mitsui O.S.K. Lines (MOL) has inked a time charter agreement with Polish Gaz System for a floating storage and regasification unit (FSRU), MOL said on April 25.
The 15-year agreement follows Polish Gaz System's receipt of environmental approval from the Regional Director for Environmental Protection (RDOS) in Gdansk in February for its FSRU-based LNG import terminal project. The FSRU will have an LNG storage capacity of 170,000 m3.
The FSRU at the core of the project will be constructed by South Korean shipbuilder, HD Hyundai Heavy Industries, with completion slated for 2027. Following its construction, the FSRU will be managed by MOL.
The project marks a milestone as Poland's first FSRU and is planned to be anchored at a mooring platform approximately 3 km off the shore, situated in the area of the Port of Gdańsk between the mouths of the Vistula river branches. Both offshore and onshore infrastructure will be constructed to support the terminal's operations. The project is expected to be commissioned in 2027-2028.
In July 2023, Gaz System completed the process of obtaining administrative decisions for all onshore pipelines to be built under the project. In August 2023, full regasification capacity of the FSRU terminal accounting for 6.1bn m3 was booked for a period of 15 years.
In December 2023, as part of the offshore engineering work, geological surveys in Gdansk were completed.