MOL seals LNG carrier charter deal with TotalEnergies

Japan’s shipping firm MOL has signed a deal to charter one newbuild LNG carrier to a unit of French energy giant TotalEnergies.

MOL said in a statement on Thursday it signed the multi-year charter deal with TotalEnergies Gas & Power on September 26.

According to MOL, DSME is building the 174,000-cbm vessel and will deliver it in 2025 to serve TotalEnergies LNG portfolio.

The 294.9 meters long vessel would feature MAN ME-GA engine which provides lower emissions compared to previous generation vessels, MOL said.

ME-GA engine is equipped with exhaust gas recirculation (EGR) system that reduces methane slip while improving overall fuel consumption, MOL claims.

MOL did not provide any additional information.

Shipbuilding sources previously said that MOL was behind a single LNG carrier at DSME in August, and for two LNG carriers in April.

The Japanese firm currently has at least twelve LNG carriers on order at DSME scheduled for delivery between 2023 and 2026, according to VesselsValue.

Most Popular

Venture Global files for IPO, plans to boost LNG export capacity to 104 mtpa

According to an SEC filing, Venture Global plans to list its Class A common shares under the symbol "VG"...

Germany’s DET offers short-term regas capacity at two LNG terminals

DET announced on Thursday the marketing of short-term regasification capacities at its FSRU-based LNG terminals in Brunsbüttel and Wilhelmshaven...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Hudong-Zhonghua delivers 8th LNG carrier in 2024

Last year, Hudong-Zhonghua delivered a record six LNG carriers. Earlier this month, the shipbuilder broke this record with the delivery of a...

QatarEnergy completes massive LNG shipbuilding program

QatarEnergy said on Wednesday it has selected the joint venture of MOL (MOL) and Cosco Shipping LNG Investment (Shanghai)...

Cosco Shipping, MOL team up on six QC-Max LNG carriers

Shanghai Cosco Shipping LNG Investment, a unit of CSET, will take a 50 percent stake in each of the...

TotalEnergies wraps up acquisition of Malaysian gas producer

TotalEnergies said in a statement on Tuesday it had finalized the acquisition of the interests of OMV (50 percent)...