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MOL finalises charter deal for Uruguay FSRU project

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Hydrocarbon Engineering,

Mitsui O.S.K. Lines Ltd (MOL) has announced that Lakler S.A., 100% subsidiary of MOL, has officially agreed to conclude a long-term charter contract with Gas Sayago of Uruguay. Gas Sayago of Uruguay is a joint venture between ANCAP and UTE. The charter is for a floating storage and regasification unit (FSRU) project, led by Gas Sayago. The contract will take effect upon governmental approval, which is expected to be granted by the end of 2016.

The FSRU will be equipped with the largest LNG storage tank (263 000m3) of any FSRU in the world, and supply gas to Uruguay and its neighbouring countries. It is currently under construction at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. After completion, it will enter 20 years charter starting in 1H18.

The FSRU also has equipped the capability of re-loading LNG cargo to shuttle tankers as well as sending gas through pipelines.

FSRUs receive liquefied natural gas from LNG carriers, regasify it, and transmit it under high pressure to pipelines on land.

Edited from press release by

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