Drawing upon its experience accumulated in the field of energy transport with the world's largest fleet of LNG carriers, MOL is developing its business not only in transport, but also moving into the LNG infrastructure business, encompassing in gas liquefaction, storage, regasification, and power generation. FSRU is MOL's flagship LNG infrastructure business. Being introduced around the world as a means of importing LNG, a transition energy for a world moving toward decarbonization at affordable cost and short lead time.
MOL's FSRUs add value to LNG importers by offering solutions that exceed expectations for the demands and conditions that vary from project to project. In Hong Kong, MOL has launched the world's largest FSRU to support the Hong Kong government's goal to achieve decarbonization and improve air quality, and in Indonesia, MOL's FSRU supplies gas to a large onshore gas-fired power plant, helping to meet growing electrical demand in Indonesia. MOL has been promoting the wider adoption of LNG around the world.
Furthermore, starting in 2019, based on the experience and track record MOL has accumulated with LNG carriers and FSRUs, MOL began developing an LNG-to-Powership project, which combines an FSRU and a Powership, in collaboration with Karpowership, a Turkish Powership operator.
Most recently, MOL invested in a floating liquefied natural gas (FLNG) project. MOL is meeting the challenge of expanding the LNG value chain in these diverse business fields.