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MOL HOSTS ONLINE NAMING FOR LNG CARRIER NEWBUILD

MOL HOSTS ONLINE NAMING FOR LNG CARRIER NEWBUILD

Thursday, February 11, 2021 

Mitsui OSK Lines (MOL) recently held an online naming ceremony for a LNG carrier, ordered through Gail of India, a wholly owned subsidiary of MOL.

The 297.9m Gail Bhuwan is the first newly built LNG Carrier for a charter contract with Gail to import LNG to India from the US. Gail has contracts for procuring LNG from US under two long term Sales and Purchase Agreements signed with US energy majors. The vessel will ship clean LNG fuel from the US Gulf Coast to India, for meeting the country's energy requirement and also to other markets globally.

Gail is the largest natural gas company in India with about 12,426km of cross-country trunk pipeline network and another 6,747 Km pipelines in advance stage of completion. The company's business activities range from Gas transmission and marketing to processing LPG, propane, naphtha and pentane, transmission of LPG; production and marketing of Petrochemicals. The company has extended its presence in LNG re-gasification, city gas distribution, exploration and production, solar and wind power generation. Gail is committed to LNG trading globally.

MOL has been participating in the Indian market since the beginning of LNG import into the country, with the distinction of having brought the first gas from Qatar. MOL is currently participating in not only transportation of LNG but also other projects in India including Floating LNG receiving terminal and Ethane transportation by the world's  first VLEC.

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