Eighth ship for Cameron LNG project

13 May 2015
The vessels will transport the gas from the Cameron LNG site in Louisiana to its customers in Japan

The vessels will transport the gas from the Cameron LNG site in Louisiana to its customers in Japan

Kawasaki Kisen Kaisha (K Line), Mitsui and Imabari Shipbuilding have entered into a long-term Time Charter contract for the USA Cameron LNG Export Project.

Mitsui has been procuring eight LNG ships to deliver the gas from the Cameron LNG Export Project, signing time charter contracts for five vessels back in September 2014 and two more earlier this year. This latest charter contract is for the eighth ship, bringing the total maximum charter hire amount for the eight vessels to around 700 billion Japanese yen (US$5.8bn).

The LNG carrier to serve the project will be built by Imabari, have a capacity of 178,000m³ and will be equipped with an electronically- controlled dual fuel gas injection diesel engine (ME-GI).

The charter contract will begin in 2020 and will last a maximum of 25 years after delivery.

The Cameron LNG, is jointly owned by Sempra, GDF SUEZ, Mitsui and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabashiki Kaisha (NYK). The terminal is located near the Gulf of Mexico and was built to bring clean, efficient natural gas supplies to North America.

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