MOL FSRU package for Hong Kong terminal
Mitsui O.S.K. Lines, Ltd (MOL) has signed a long-term charter contract with Hong Kong LNG Terminal Limited to supply a Floating Storage and Regasification Unit (FSRU), as well as jetty operation and maintenance services and port services for the Hong Kong offshore LNG terminal project.
MOL will utilise the MOL FSRU Challenger, built in 2017 with a storage capacity of 263,000m3, to provide services to this first FSRU project for Hong Kong. Constructed at Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea, the Challenger remains the largest FSRU in the world today.
The Hong Kong Offshore LNG Terminal will be located at the southern waters of Hong Kong and to the east of the Soko Islands. The FSRU will be delivered to Hong Kong to begin testing and commissioning when construction on the project is completed, currently expected in 2021.
Hong Kong gas supply
Challenger, currently employed on a mid-term charter for a project in Turkey, will supply gas to two destinations in Hong Kong, the Black Point Power Station located in the New Territories and Lamma Power Station located at Lamma Island.
Additionally, independent tank storage company Royal Vopak will assist in the project development related to the jetty operation & maintenance services
The project is being developed to support the Hong Kong Special Administrative Region (HKSAR) Government’s plan to increase the percentage of power generation from natural gas to meet its pledged environmental targets.
In MOL’s management plan, ‘Rolling Plan 2019’, it has highlighted its offshore business as having growth potential.
FSRUs are drawing attention as a solution for flexibility and mobility in both the LNG and Electricity supply chain, said MOL. It will promote the FSRU business and its associated services, which meets customer needs for diversified energy procurement and SDGs achievement.
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