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MOL & COSCO SHIPPING Energy Transportation host event on future of LNG business 

Mitsui O.S.K. Lines (MOL) has announced that it jointly hosted the Shanghai LNG Forum 2019 with COSCO SHIPPING Energy Transportation Co., Dalian Maritime University and Hudong-Zhonghua Shipbuilding Group (HZ) August 7, 2019. 

The focus of the forum this time was “green, safety, development and win-win,” and it provided an opportunity for jointly building a platform for expanding the LNG business and promoting industrial, strategic understanding among the attendees. 

About 170 people attended the event which saw speeches and presentations made by leaders from top global companies and organisations. These were not only about LNG business or its supply and demand, but also about ethane transportation and floating storage and regasification units (FSRU) technologies as well.

In partnership with COSCO SHIPPING LNG Investment (Shanghai) Co., a subsidiary of CSET, MOL jointly owns and operates 17 LNG carriers (including those in the planning stage) for various projects. Furthermore, the two have just signed a Memorandum of Understanding for extending their partnership and mutual cooperation for future LNG and ethane projects.

Given its deepening relationship with Chinese partners, including those newly established through this forum, and the knowhow which has been gained from the existing LNG projects, MOL continues to contribute to further growth of the LNG business in China, said a release.


Source : Exim News Service - TOKYO, Aug. 12


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