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June 29, 2017

MOL Signs Long-term Charter Contract of 4 LNG Carriers for Russia Yamal LNG Project

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that the company had signed a long-term charter contract for four LNG carriers with the tank capacity of 174,000m3, which will be delivered and serve on Yamal LNG project in 2019 and 2020 onwards, through a wholly-owned subsidiary of MOL. The four contracted carriers will serve as a transport of LNG transshipped by the project from Europe.

While demand for LNG transport will greatly grow, by leveraging experience and know-how as owners of one of the world's largest LNG carrier fleets and its management company, MOL Group continually takes a proactive stance in meeting customer needs in an appropriate manner and providing high-quality LNG transport services.

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