Mitsui OSK Lines (MOL) has signed agreements with Swan LNG for the long-term operation/maintenance of a floating, storage and regasification unit (FSRU) and provision and long-term operation/maintenance of a floating and storage unit (FSU) that will serve as the core receiving facilities in an LNG terminal to be developed by Swan Energy in Gujarat, India.
The 294- by 48-metre FSRU that will serve the project is being ordered by Swan Energy through its subsidiary at Hyundai Heavy Industries, and MOL said it has an option to participate in the FSRU joint ownership. The option is exercisable any time before the delivery of the FSRU at shipyard.
MOL will invest in Swan LNG and participate in a number of parts of the project as technical partner. The terminal is slated to start operation in early 2020.
This will be India's first newbuilding FSRU project. The FSRU will have a tank capacity of 180,000m3, and the FSU a tank capacity of 135,000 to 145,000m3. The project will also involve the ocnstruction of a breakwater, jetty mooring and onshore facilities, for a total LNG receiving capacity of five million tonnes per year, starting in 2020.
