Japanese

Offshore Business

Broadening Our Horizons with Challenging New Offshore Business Projects

Latest News

• Mar 03, 2020MOL and DSME Obtain AIP for Design of FSRU "Cryo-Powered Regas" System - Development of New Technology to Reduce Environmental Impact -
• Feb 26, 2020MOL to Start Joint Development for the digitalization of FSRU
• Feb 21, 2020MOL Signs Joint Development Agreement with DSME for Environmental Friendly FSRU Technology

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Outline of Services

With experience accumulated in the energy transport field with LNG carriers and tankers, MOL takes a proactive stance in developing its offshore business, a field positioned for significant growth in the future.

The offshore business is typified by floating storage and regasification units (FSRUs) and floating production, storage and offloading (FPSO) units. Unlike typical vessels used to transport oil or gas, these facilities are moored in specific locations. The business model for MOL's offshore operations shares many characteristics of the company's LNG carrier projects. MOL continues to take an assertive approach to expanding in this field, in which, as the only Japanese company with a track record of operating both LNG carriers and FSRUs, we can effectively leverage our decades of experience.

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History

2006	MOL orders two LNG vessels equipped with regasification system with Hoegh.
2010	MOL joins an FPSO project in Brazil
2011	MOL transfers cargo between LNG carriers in Tomakomai, the first ship-to-ship operation ever done in Japan
2014	MOL establishes Viken MOL to participate in the shuttle tanker business.
2017	MOL enters the self-elevating platform vessel business which installs wind power generation systems. MOL joins a floating LNG receiving terminal project in India. World's largest FSRU, the MOL FSRU Challenger, is launched.
2018	MOL makes a major move into the subsea support vessel business.
2019	MOL and Karpowership International B.V. agree to collaborate in the LNG-to-Powership business.

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Related URL: MOL Group