INEOS Energy Trading has signed agreements with Mitsui OSK Lines (MOL) for two new-build LNG carriers, to be used for the import of LNG into Germany from the US.
The agreements are a significant milestone for INEOS Energy Trading, following the long-term sales and purchase agreement signed with Sempra for 1.4 mtpa of supply out of Port Arthur and the purchase of long-term regasification capacity in Brunsbuttel, the German LNG terminal.
Both vessels have a capacity of 174,000 cubic metres. They are being built at the Okpo Shipyard in South Korea and will be equipped with the latest MAN Energy Solutions engines (ME-GA).
David Bucknall, CEO of Ineos Energy Trading, said, “We agreed an engine type and vessel specification with MOL that we believe is optimal for reducing carbon emissions and methane slip. We will continue to work with MOL to identify further opportunities to reduce emissions as both companies work towards a Net Zero future.”
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