Mitsui will operate two large ethane carriers for India’s ONGC, costing $370M, starting mid-2028.

Mitsui O.S.K. Lines, a Japanese shipping company, will operate two very large ethane carriers for India's Oil and Natural Gas Corporation (ONGC) to transport petrochemical feedstock to ONGC's Dahej facility. The ships, expected to cost around $370 million and be built in Korean shipyards, are set to start operations mid-2028. Mitsui is likely to have a majority stake in the joint venture, which will help ONGC compensate for the decreased ethane content in LNG sourced from Qatar.