China wins first export order for LNG carriers

17 Jan 2011

Exxon Mobil Corporation and Mitsui OSK Lines (MOL) recently selected Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation, 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). The four newbuildings are expected to be delivered in the 2015-2016 period.

“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 Mark Albers, senior vice president, Exxon Mobil Corporation.

“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 Akimitsu Ashida, chairman, Mitsui OSK Lines.

“We’re pleased to be selected by ExxonMobil and MOL as a partner in the China LNG shipping project. We’ll work diligently to design, build and deliver four high quality LNG carriers,” said Tan Zuojun, president, China State Shipbuilding Corporation.

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 totalling approximately 2.0 million tonnes per annum. Also in the same year, an affiliate of ExxonMobil and PetroChina signed a sales and purchase agreement for the long-term supply of about 2.25 million tonnes per annum of LNG from ExxonMobil’s equity share of the Gorgon Jansz LNG project in Western Australia.

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