MOL and JERA Partner Again to Secure LNG Supply with New Carrier
In a move set to bolster Japan’s energy security and solidify MOL’s position as a leader in the LNG shipping sector, Mitsui O.S.K. Lines (MOL) and JERA Co., Inc. have announced a new long-term charter contract for a cutting-edge LNG carrier. This marks the eighth such agreement between the two industry giants, underscoring their commitment to a stable and sustainable energy future.
The new vessel, slated for delivery in 2026, will be constructed at the renowned Geoje Shipyard of SAMSUNG HEAVY INDUSTRIES CO., LTD. With a capacity of 174,000m3, the carrier will be managed by MOL and dedicated to transporting LNG for JERA’s operations.
This partnership aligns with MOL’s “BLUE ACTION 2035” management plan, which prioritizes the expansion of its LNG fleet and the accumulation of stable profit-earning businesses. LNG, recognized for its lower greenhouse gas emissions compared to traditional fossil fuels, plays a crucial role in the transition towards cleaner energy solutions. The initiative also resonates with the “MOL Group Environmental Vision 2.2,” which sets the ambitious goal of achieving net-zero greenhouse gas emissions by 2050.
For JERA, this agreement secures a vital link in their LNG supply chain. As a leading energy company in Japan, JERA is committed to providing a stable electricity supply while actively pursuing decarbonization strategies. The company is focused on strengthening its thermal power generation business while simultaneously establishing a clean energy supply platform that integrates renewable energy sources.
The new LNG carrier symbolizes the collaborative efforts of MOL and JERA to ensure a reliable and sustainable energy future for Japan, while contributing to global efforts to reduce carbon emissions.
Source: Mitsui O.S.K. Lines, Ltd.
