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LNG carrier for Yamal LNG project celebrates naming ceremony

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced that on 8 January, a naming ceremony for a LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong)

LNG MERAKCeremony
Naming ceremony on 8 January. Photo: Mitsui O.S.K.

The "LNG MERAK" is the second of four newbuilding LNG Carriers for the Yamal LNG Project announced at the end of June, 2017(*1), and the sister vessel of the "LNG DUBHE"(*2) which was delivered at the end of last October in the same shipyard. LNG MERAK will be engaged in the transport of the Project's LNG from transshipment terminals in Europe to Asia LNG terminals.

MOL has been operating 11 LNG carriers built in China for other projects(*4), and LNG MERAK will be the 12th LNG carrier built in China to join our fleet. The Yamal LNG plant has been producing LNG over nameplate production capacity and over 25 million tons of LNG have now been shipped since the start-up of Train 1 in December 2017, and has cumulatively dispatched more than 340 cargoes. By taking advantage of close cooperation with Hudong and our combined experience, construction of the LNG MERAK processed smoothly. LNG MERAK will contribute to stable and safe LNG transportation from the project to the end-users' markets.

MOL is proactive in providing value-added transport services to customers worldwide, utilizing its strong relationship with China COSCO Shipping and Hudong, and leveraging its knowledge and experience in international cooperative works.

LNG MERAK Specifications:

(1) Length: 295.0 m
(2) Breadth: 45.00 m
(3) Draft: 11.50 m
(4) LNG tank: Membrane type
(5) Cargo tank capacity: 174,000 m3
(6) Shipyard: Hudong
(7) Ship management company: MOL LNG Transport (Europe) Ltd.
(8) Ownership: MOL 50%/China COSCO Shipping 50%


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FEATURED COLUMNS

Editorial Comment: The Future of FLNG: Less is More?
-Adrienne Blume
Global LNG export capacity is expected to increase by 45% between 2017 and 2022, to more than 400 metric MMtpy, with 90% of the new capacity coming from sanctioned projects in the U.S. and Australia. By 2050, this capacity is anticipated to exceed 700 MMtpy. Regasification capacity is anticipated to increase even more sharply.
Executive Viewpoint: Back to production: Where we’re going, we don’t need pipelines
-Mark Casaday
What if a cost-effective way existed to extract and distribute natural gas, regardless of proximity to pipeline, and bring those assets back to production? What if the industry went in a direction that did not need pipelines? For those looking to monetize unproductive natural gas assets or bring unproductive wells back to production, it would be revolutionary.
Regional Focus:Australia to boost LNG exports despite domestic gas shortage
-Eugene Gerden
Australia is planning further increases in LNG production and exports over the next decade, despite quickly depleting reserves and a looming supply shortage in the domestic market.


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