MOL and Jera ink charter deal for another newbuild LNG carrier

Japan’s shipping giant MOL has signed a new deal to charter one newbuild liquefied natural gas carrier to compatriot LNG trading and power firm Jera.

MOL said in a statement on Wednesday it has signed the long-term charter deal with a vessel operation management company funded by Jera.

The LNG carrier will be managed by MOL and will transport LNG for Jera.

MOL did not provide the duration of the charter.

According to MOL, this is the sixth LNG carrier charter contract for the two firms and follows a deal announced in June this year.

MOL said that South Korea’s Samsung Heavy Industries will build the 174,000-cbm LNG carrier and deliver it in 2027.

Also, the new vessel will feature MAN Energy Solutions ME-GA engine.

It will be 299.4 meters long and 46.4 meters wide.

Samsung Heavy recently announced an order for one 174,000-cbm LNG carrier tied to MOL and worth about $260 million.

The shipbuilder said it will deliver this LNG carrier by September 2026.

Prior to this order, Samsung Heavy secured a contract from MOL to build two LNG carriers for about $258.5 million per vessel and two more LNG carriers for MOL for about $248 million per vessel.

Samsung Heavy will deliver these vessels in 2026-2027.

Most Popular

NextDecade takes FID on fourth Rio Grande LNG train

US LNG firm NextDecade has made a final investment decision on the fourth train at its Rio Grande LNG facility in Texas.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

YPF CEO expects FIDs on FLNG projects with Eni, Shell in 2026

YPF CEO Horacio Marin confirmed on Wednesday that the state-owned oil and gas company and its partners Eni and Shell expect to take final investment decisions on two stages of the Argentina LNG project in 2026.

More News Like This

Japan’s Jera seals Alaska LNG LoI

Glenfarne-led Alaska LNG has signed a letter of intent with Japan's power firm and LNG trader Jera to sell liquefied natural gas to the latter.

Cheniere clinches Botas LNG supply deal

Turkiye’s state-owned natural gas and LNG firm Botas has signed a deal to buy liquefied natural gas from US LNG exporting giant Cheniere. Botas also signed deals with SEFE, Equinor, and jera.

Jera in Montenegro LNG terminal move

Japan's power firm and LNG trader Jera and the government of Montenegro plan to sign a memorandum of understanding on the development of a liquefied natural gas (LNG) terminal and an associated gas-fired power plant.

MOL gets OK for two LNG carrier designs with sails

Japan’s shipping giant MOL has secured approval from classification society Lloyd's Register (LR) for two liquefied natural gas (LNG) carrier designs equipped with four Wind Challenger sails.