MOL, TotalEnergies name newbuild LNG carrier in South Korea

South Korea’s Hanwha Ocean held on Friday a naming ceremony for one 174,000-cbm LNG carrier it built for Japan’s shipowner MOL and charterer France’s TotalEnergies.

The vessel, named MOL Azure, was ordered by a unit of MOL and is slated to sail under a time charter contract with TotalEnergies Gas & Power Limited (TGPL), a subsidiary of TotalEnergies.

MOL said the vessel bears its company name to “clearly indicate that it is at the core of MOL group’s LNG carrier fleet” while Azure means “blue” in French.

MOL, TotalEnergies name newbuild LNG carrier in South Korea
Image: MOL

Upon delivery on January 14, the vessel will be the second LNG carrier to be chartered by TGPL under a time charter contract signed in October 2022.

MOL said the LNG carrier will depart for its first loading port in the US.

The 294.9 meters long vessel features MAN ME-GA engines, which offer “improved fuel efficiency and are more environmentally friendly than those installed on current LNG carriers,” MOL claims.

Most Popular

Venture Global’s Q2 revenue reaches $4.58 billion, net income jumps

US LNG exporter Venture Global reported revenue of $4.58 billion in the second quarter of this year, a 47.6 percent rise from the year before, while its net income surged 266 percent year-on-year to $1.35 billion.

ConocoPhillips continues to boost LNG portfolio

US energy giant ConocoPhillips has expanded its commercial LNG offtake portfolio to 12 million tonnes per annum as it continues to scale up this business, according to incoming CEO Andy O’Brien.

Woodside: RWE’s deal with Stonepeak has no impact on Louisiana LNG ownership structure

RWE's agreement with US private equity firm Stonepeak has no impact on Louisiana LNG ownership structure, a Woodside spokesperson told LNG Prime.
spot_img

More News Like This

MOL expects to have 111 LNG carriers in its fleet by March 2027

Japan's shipping giant MOL still expects to have 111 liquefied natural gas (LNG) carriers in its fleet by March 2027.

Sempra Infrastructure extends ECA LNG commissioning due to compressor damage

US LNG exporter Sempra Infrastructure, a subsidiary of Sempra, said it is extending the commissioning phase of the ECA LNG Phase 1 project in Ensenada, Mexico, after it found damage in the plant's refrigerant compressors.

Eni, TotalEnergies take FID on Cyprus gas project to supply LNG to Europe

France's TotalEnergies and Italy's Eni have taken the final investment decision (FID) for the development of the Cronos gas field to supply Europe through existing LNG infrastructure in Egypt.

TotalEnergies CEO: Mozambique LNG project 45 percent complete

The TotalEnergies-led Mozambique LNG project is 45 percent complete, with TotalEnergies and its partners increasing the workforce on the project in Cabo Delgado province, according to TotalEnergies CEO Patrick Pouyanne.