MOL to participate in LNG terminal in Gujarat
Mitsui O.S.K. Lines (MOL) signed an agreement with Swan LNG Pvt Ltd for the long-term operation/maintenance of a FSRU that will serve as the core receiving facilities in an LNG terminal to be developed by Swan Energy in Jafrabad, Gujarat. The FSRU will be owned by Swan Energy through its subsidiary, and MOL has the option to participate in its joint ownership. The option is exercisable any time before the delivery of the FSRU at shipyard. MOL will invest in Swan LNG and participate in many facets of the project as technical partner. The terminal, having LNG receiving capacity of 5 million tonnes a year, is slated to start operation in early 2020.