AsiaContracts and TendersVessels

MISC charters new LNG carrier duo to ExxonMobil

By LNG Prime Staff
MISC charters new LNG carrier duo to ExxonMobil
MISC's LNG carrier Seri Alam (Image: MISC)

Malaysia’s MISC, a unit of Petronas, said it would charter two newbuild liquefied natural gas (LNG) carriers to a unit of US energy giant ExxonMobil.

MISC’s subsidiaries Polaris LNG Three and Polaris LNG Four have secured long-term time charter contracts with ExxonMobil’s SeaRiver Maritime (SRM), according to a statement by MISC.

This deal brings the total number of contracts with SRM to four LNG carriers as the two firms signed 15-year contracts for two LNG carriers back in 2019. South Korea’s Samsung Heavy is building these LNG carriers and should deliver them in 2023.

MISC said it would charter the two new 174,000-cbm LNG carriers to SRM for a period of ten years.

The LNG shipper, through the above subsidiaries, has signed an agreement with a “reputable shipbuilder” for the construction of the two LNG carriers in South Korea, MISC said without revealing the name of the yard.

According to MISC, the new vessels would feature X-DF 2.1 engines with intelligent control by exhaust recycling (iCER) system and air lubrication system which would contribute to the reduction of greenhouse gas (GHG) emissions.

MISC said it would appoint its unit Eaglestar Shipmanagement Gas to provide project management services during the shipbuilding phase, and to take charge of the operationalization and ship management of the vessels when they join the fleet in 2026.

Most Popular

LNG as Fuel

TotalEnergies, CMA CGM get EU OK for LNG bunkering JV

French energy giant TotalEnergies and compatriot shipping firm CMA CGM have received approval from the European Commission to form a 50/50 logistics joint venture and operate an LNG bunkering supply solution at the Dutch port of Rotterdam.
Vessels

Chinese yard nears completion of LNG bunkering vessel conversion

China’s Guangzhou Shipyard International has almost completed the conversion of the 28,000-cbm LNG carrier CNTIC VPower Global into an LNG bunkering vessel.
LNG Terminals

Belgium’s Zeebrugge terminal to receive latest Golden Pass LNG cargo

The Fluxys-operated LNG import facility in the Belgian port of Zeebrugge is expected to receive another cargo from the Golden Pass LNG export terminal in Texas, owned by QatarEnergy and ExxonMobil, according to shipping data.

More News Like This

LNG Terminals

Belgium’s Zeebrugge terminal to receive latest Golden Pass LNG cargo

The Fluxys-operated LNG import facility in the Belgian port of Zeebrugge is expected to receive another cargo from the Golden Pass LNG export terminal in Texas, owned by QatarEnergy and ExxonMobil, according to shipping data.
Contracts and Tenders

ExxonMobil dishes out $1.1 billion in Rovuma LNG contracts

US energy giant ExxonMobil and its partners in the planned Rovuma LNG project in Mozambique have awarded $1.1 billion in pre-investment contracts for long-lead upstream equipment.
LNG Terminals

ExxonMobil and partners still target Rovuma LNG FID by year-end

US energy giant ExxonMobil and its partners in the Rovuma LNG project in Mozambique are still targeting a final investment decision on the LNG project by the end of this year, according to ExxonMobil CEO Darren Woods.
Contracts and Tenders

MISC orders LNG vessel for charter to Petronas

Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.