Naming Ceremony Held for "GAIL URJA", 2nd Newbuilding LNG Carrier for Top Indian Gas Supplier GAIL

December 22, 2023

TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on December 19, a naming ceremony for the second newbuilding LNG Carrier to serve GAIL (India) Limited (Head Office: New Delhi), the largest natural gas supplier under India's Ministry of Petroleum and Natural Gas, was held at the Okpo Shipyard of Hanwha Ocean Co. (Head Office: South Korea).

A large crowd was on hand at the ceremony as the vessel was named the GAIL URJA by God Mother Ms. Shakun Gupta who is the spouse of Mr. Sandeep Kumar Gupta - GAIL Chairman & Managing Director. Also Mr. Sanjay Kumar – GAIL Director of Marketing graced the occasion.

After delivery, the vessel is heading towards US for its first loading. The vessel will be engaged mainly in LNG transport from North America to India under a time charter contract with GAIL.

In the course of developing business throughout Asia, which MOL has identified as a growth region under the regional strategy, based on its management plan "BLUE ACTION 2035," India is the country where MOL has taken the initiative first and is steadily improving its performance. The company continues to strengthen its presence and business foundation in India, where energy demand is expected to increase. It will also step up its efforts in India to offer high-quality LNG transport services that precisely meet customer needs by leveraging the know-how and network it has accumulated as a global leader in LNG carrier ownership, operation, and ship management.

[Profile of GAIL URJA]

Main dimensions	LOA: 294.9m/Beam: 46.3m
Hull type	174,000m3 membrane type
Main engine	ME-GA
Shipyard	Hanwha Ocean
Ship management company	Northern Marine Management Limited

Please refer to the following past press releases for information about MOL projects with GAIL:

• June 20, 2019: MOL and GAIL Sign Charter Contract for one LNG Carrier
• February 10, 2021: LNG Carrier Named GAIL BHUWAN for GAIL (India) Limited - LNG Carrier to import clean LNG from USA to India under the charter contract -
• December 21, 2022: MOL and GAIL to Strengthen Partnership - Sign Time Charter Contract for Newbuilding LNG Carrier and Joint Ownership of Existing LNG Carrier -

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