MOL secures long-term FSRU charter with Singapore LNG Corp for 2027 delivery, enhancing energy security.

Mitsui O.S.K. Lines (MOL) has secured a long-term charter with Singapore LNG Corporation for a Floating Storage and Regasification Unit (FSRU), set for delivery in 2027. The 200,000 cubic meter FSRU will be constructed in South Korea and moored at Jurong Port, enhancing Singapore's energy security by converting LNG to gas. This project is essential as about 95% of Singapore's power generation relies on imported natural gas, aiming to bolster its energy supply capacity.

October 22, 2024
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