Mitsui O.S.K. Lines
  • About MOL

    About MOL

    About MOL Top

    • Corporate Profile
    • Corporate Mission
    • Directors, Auditors and Executive Officers
    • Organization
    • History
    • Location
    • MOL Group
    • Corporate Brochure/Video

  • MOL Services

    MOL Services

    MOL Services Top

    • Dry Bulk Transport Dry Bulkers
    • Energy Transport Tankers
    • Energy Transport Wind Power Energy Business
    • Energy Transport LNG Carriers
    • Energy Transport Offshore Business
    • Product Transport Car Carriers
    • Product Transport Ferries and Coastal RoRo Vessels
    • Product Transport Containerships
    • Product Transport Terminal
    • Product Transport Logistics
    • Associated Businesses Cruise Ship
    • Associated Businesses Tugboat

  • Sustainability

    Sustainability

    Sustainability Top

    • Sustainability Management
      • Sustainability Issues (Materiality)
      • Sustainable Finance
    • Safety & Value (Provide added value through safe transportation and the social infrastructure business)
      • Fundamental Policy of Safe Operation
      • Organization to support Safe Operation
      • Cultivating a Safety Culture
      • Initiatives and Activities to support Safety
      • Facilities, Equipment and ICT that Support Safe Operation
    • Environment (Conservation for Marine and global environment)
      • MOL Group Environmental Policy Statement
      • MOL Group Environmental Vision 2.1
      • Environmental Management System
      • Regulations
      • Climate Change Countermeasures
      • Information Disclosure based on TCFD Recommendations
      • Preservation of marine environments / Protection of biodiversity
      • Prevention of Air Pollution
    • Human & Community (Contributing to the growth and development of people and communities)
      • MOL CHARTS: Expressing the MOL Group's Shared Values
      • Human Resources Development
      • Securing and training seafarers
      • Workstyle Reforms
      • Promotion of Diversity and Inclusion
      • Health and Productivity Management
      • Stakeholder Engagement
      • Corporate Culture Assessment
      • Social Contribution Activities
    • Innovation (Innovation for development in marine technolog)
      • Organizational Structure to Promote Technological Innovation
      • Technological Innovation - MOL's Projects
      • Tracking MOL's Ship Technologies
      • ICT Strategy
    • Governance (Governance and compliance to support businesses)
      • Corporate Governance
      • Risk Management
      • Compliance
      • Information Security
      • Responsible Procurement
      • Human Rights
    • External Recognition
    • Sustainability Data
    • GRI STANDARDS INDEX
    • MOL Report (to IR Library)
      Safety, Environmental and Social Report (Back Issues)

  • Investor Relations

    Investor Relations

    Investor Relations Top

    • Management Policy
      • Message from the CEO
      • Management Plan
      • IR Policies
      • Risk Management
    • Financial Information
      • Latest Financial Results
      • Financial Data
    • IR Library
      • IR News
      • Financial Highlights
      • Business Performance
      • Investor Guidebook
      • Market Data
      • Investors Meeting
      • MOL Report
      • Business Report
      • Financial Statements
    • Share & Corporate Bond
      • General Share Information
      • Dividends
      • General Meeting of Shareholders
      • Articles of Incorporation
      • Corporate Bond & Ratings
      • Analyst Coverage
      • Share Price (Euroland)
    • IR Event Calendar
    • FAQ
    • Contact IR Office
    • IR Email Updates
    • Disclamer

  • Press Release
  • Contact Us
  • Service Site

JP

Close

Top Page > Press Release 2010 > Tokyo Gas, MOL Agree Transfer of Shares in LNG Shuttle and Regasification Vessels

Japanese

Tokyo Gas, MOL Agree Transfer of Shares in LNG Shuttle and Regasification Vessels

August 31, 2010

Tokyo Gas Co., Ltd.
Mitsui O.S.K. Lines, Ltd.

TOKYO - Tokyo Gas Co., Ltd. (President: Tsuyoshi Okamoto) and Mitsui O.S.K. Lines, Ltd. (MOL, President: Koichi Muto) today announced that Tokyo LNG Tanker Co., Ltd. (President: Kazumasa Hidai), a wholly owned subsidiary of Tokyo Gas and MOL executed an agreement under which Tokyo LNG Tanker will receive a minority stake of the shares owned by MOL in the joint-venture companies*1 related to the LNG Shuttle and Regasification Vessels (SRVs) owned jointly by MOL and Höegh LNG*2.

SRVs take on liquefied natural gas (LNG)*3 cargo at loading terminals and upon arrival at its destination, regasify it onboard, and transfer it to shore via pipelines built on the seabed. SRVs can also serve as conventional LNG carriers, transporting LNG to discharge at receiving terminals. This functionality allows SRVs to serve LNG importing nations without requiring the construction of new or additional LNG terminals on shore. The SRV is an innovative LNG transport and delivery technology.

Two SRVs are long time chartered to GDF SUEZ*4 to serve the Neptune LNG Deep Water Port terminal off Boston on the U.S. East Coast as well as other requirements.

Tokyo Gas Group wish to accumulate various LNG related technologies to create a framework for more flexible LNG transport, and MOL is constantly on the move to broaden its lineup of LNG transport services to meet diversified customer needs. Both companies' intentions are matched and lead to the agreement to transfer shares in the joint ventures. Höegh LNG welcomes Tokyo Gas as shareholder and regards this as a strategic partnership for the future.

*1 SRV Joint Gas Ltd. owns "GDF Suez Neptune", and SRV Joint Gas Two Ltd. owns "GDF Suez Cape Ann". After partial transfer of shares, Höegh LNG owns 50%, MOL 48.5%, and Tokyo LNG Tanker 1.5%.

*2 Höegh LNG is a fully integrated ship-owning company offering long-term floating production, transportation, re-gasification and terminal solutions for Liquefied Natural Gas (LNG).

*3 Natural gas is refrigerated to -162ºC and liquefied to produce liquefied natural gas. Compared to gas, its volume is about one-600th. Use of this characteristic allows for mass volume transport by LNG carriers to regions where the natural gas cannot be transported via pipelines.

*4 GDF Suez Global LNG Supply S.A., part of the GDF SUEZ Group (headquartered in Paris, France)

  • Press Release
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
  • About MOL
  • Corporate Profile
  • Corporate Mission
  • Directors, Auditors and Executive Officers
  • Organization
  • History
  • Location
  • MOL Group
  • Corporate Brochure/Video
  • MOL Services
  • Dry Bulkers
  • Tankers
  • Wind Power Energy Business
  • LNG Carriers
  • Offshore Business
  • Car Carriers
  • Ferries and Coastal RoRo Vessels
  • Containerships
  • Terminal
  • Logistics
  • Cruise Ship
  • Tugboat
  • Sustainability
  • Sustainability Management
  • Safety & Value
  • Environment
  • Human & Community
  • Innovation
  • Governance
  • External Recognition
  • Sustainability Data
  • GRI STANDARDS INDEX
  • MOL Report (to IR Library)
    Safety, Environmental and Social Report (Back Issues)
  • Investor Relations
  • Management Policy
  • Financial Information
  • IR Library
  • Share & Corporate Bond
  • IR Event Calendar
  • FAQ
  • Contact IR Office
  • IR Email Updates
  • Disclamer

Press Release

Contact Us

  • Privacy Protection Policies
  • Terms of Use
  • Sitemap

Copyright 1997- © Mitsui O.S.K.Lines All rights reserved.

PAGE TOP