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    Japan's MOL inks LNGC charter deal with new Sakhalin 2 operator

Summary

The vessel has been transporting LNG from the project under a long-term charter contract with Sakhalin Energy Investment Company, the former operator of the project.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, News By Country, Japan, Russia

Japan's MOL inks LNGC charter deal with new Sakhalin 2 operator

Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a charter contract with Sakhalin Energy, the new operator of the Sakhalin 2 project in Russia, for the LNG carrier Grand Mereya through a 60%-owned subsidiary company, it said on October 5.

The vessel has been transporting LNG from the project under a long-term charter contract with Sakhalin Energy Investment Company, the former operator of the project, but the contract has now been newly made with Sakhalin Energy and the vessel will continue the same transport services.

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MOL said it complies with the sanctions imposed by the international community and responds appropriately while continuing to consult with various parties, including the Japanese government and project partners.