Scandoil  

MOL, Gas Sayago reach basic agreement on continuing Uruguay LNG FSRU project


Published Oct 7, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

Mitsui O.S.K. Lines Ltd-2

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda announced that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay's state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago.

The government of Uruguay recently cancelled its contract with GNLS S.A., a 50-50 joint venture between ENGIE of France and Marubeni Corporation, and announced plans to continue the project by using MOL's FSRU.

MOL also reached a basic agreement with Gas Sayago to go ahead with the project under the new project structure.

In October 2013, MOL signed a 20-year charter contract for an FSRU in the port of Montevideo, Uruguay, with GNLS, which was entrusted with the construction, ownership, and operation of the terminal project. This is the first FSRU project in which MOL will solely build, own, and operate the facility.

Tags: Mitsui O.S.K. Lines Ltd




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml