Hudong-Zhonghua building LNG carriers
Exxon Mobil and Mitsui OSK Lines (MOL) announced today that they have selected Hudong-Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding, to build four LNG carriers in China. These carriers will provide LNG transportation from the Papua New Guinea (PNG) and Gorgon Jansz LNG projects and will be jointly owned by MOL and China Shipping (Group) Company (CS).
“This project will provide a reliable source of clean energy to help China meet its growing energy demand. We are committed to working with our partners and Hudong to deliver high quality, reliable and cost effective LNG carriers for our LNG projects that will be competitive on a global scale,” said Mr. Mark Albers, senior vice president, Exxon Mobil.
“MOL is pleased to be engaged in this China LNG shipping project, working with ExxonMobil, Hudong and CS for the construction of four new quality LNG ships. This is the first time for MOL to secure LNG ships in China, and we believe that with concerted efforts by all the parties concerned, the objective of this project will be accomplished in a professional manner,” said Mr. Akimitsu Ashida, chairman, Mitsui OSK Lines.
In 2009, an ExxonMobil affiliate and its co-venturers in the PNG LNG project entered into a sales and purchase agreement with Sinopec for the long-term supply of LNG totaling approximately 2 million tpy. Also in the same year, an affiliate of ExxonMobil and PetroChina signed a sales and purchase agreement for the long-term supply of approximately 2.25 million tpy of LNG from ExxonMobil’s equity share of the Gorgon Jansz LNG project in Western Australia.
The four LNG carriers are expected to be delivered in the 2015-2016 period.
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