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    MISC, ExxonMobil Ink Time Charter for Two LNGCs

Summary

The carriers will serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter basis.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, News By Country, Malaysia

MISC, ExxonMobil Ink Time Charter for Two LNGCs

Malaysia’s MISC has secured agreements with ExxonMobil’s wholly-owned subsidiary, SeaRiver Maritime, for the time-chartering of two LNG carriers, the company said on October 10. The carriers will serve the transportation needs of ExxonMobil’s worldwide LNG portfolio under a 15-year charter contract.

MISC has also signed an agreement with Samsung Heavy Industries for the construction of the LNG carriers in Korea. The vessels will have a capacity of 174,000 m3 and will feature technologies including XDF propulsion, Mark III Flex Plus containment systems and full re-liquefaction facility. The LNG carriers are expected to be delivered in Q1 2023, MISC said.

During the signing of the agreements in Houston, MISC was represented by the vice president of its LNG business, Zahid Osman, while SeaRiver was represented by its vice president of global marine commercial & planning, Doug Grote.

MISC’s LNG fleet consists of 29 LNG carriers and two floating storage units (FSUs).