Singapore LNG collaborates with Mitsui OSK Lines for new FSRU [Yahoo! Finance]
MITSUI O.S.K. LINES U/ADR (MSLOY)
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Source: Yahoo! Finance
of Japan's Mitsui OSK Lines (MOL) for Singapore's second liquefied natural gas (LNG) import terminal. The new vessel will feature a storage capacity of 200,000m³ and a regasification capacity of five million tonnes per annum (mtpa). Measuring 298.8m in length and 51.0m in beam, the FSRU will be moored at Jurong Port, Singapore. The FSRU, being built by South Korean shipbuilder Hanwha Ocean, will play a vital role in receiving, storing, and regasifying LNG, and supplying gas to the shore. Mitsui OSK Lines has announced its responsibility for the ownership, management and operation of the FSRU post-delivery, which is slated for 2027. The introduction of this FSRU is poised to play a critical role in Singapore, where imported natural gas fuels approximately 95% of domestic power generation. Singapore's existing terminal on Jurong Island currently has an average gas supply capacity of 9mtpa, with a peak capacity of around 11mtpa. The second terminal, also to be located at Ju
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