LNG for Petronet

A consortium of MOL, Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd. and Shipping Corporation of India (SCI) signed an agreement with New Delhi-based Petronet LNG Limited (PLL) for a long-term time charter of a new LNG carrier. At the same time, the consortium concluded an agreement with Samsung Heavy Industries to build the 154,800m3 membrane vessel.

PLL is the first LNG importer in India, and has imported 5 million tons of LNG a year from Qatar since 2004, using two LNG carriers. PLL has decided to import an additional 2.5 million tons per year from Qatar. The new LNG carrier will supply this additional LNG under a 25-year time charter contract. The four-company consortium that won the contract for the new carrier also operates the two vessels already in service, and will continue to ensure a steady supply of LNG to India, where energy demand continues to grow.