JERA inks long-term charter for Maran Gas LNG newbuild

JERA inks long-term charter for Maran Gas LNG newbuildIllustration purposes only (Image courtesy of Maran Gas Maritime)

Japan’s LNG importing giant JERA has signed a long-term charter deal with Maran Gas Maritime, an Angelicoussis Group company. 

The deal was signed through JERA’s unit LNG Marine Transport Limited (LMT), JERA said in a statement.

The charter period is for 12 years starting from late 2019 when the vessel is scheduled for delivery from the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).

The vessel capable of transporting 173,400 cubic meters of the chilled fuel will be used for transportation of LNG produced from the Freeport LNG Project in Texas, USA, in which JERA participates.

The deal is in addition to a similar contract with GasLog for its newbuild 180,000-cbm carrier currently under construction at Samsung Heavy Industries.

JERA plans to increase its LNG fleet to 25 vessels by 2025 in association with an increased ratio of FOB contracts. Going forward, JERA is aiming to develop and optimize its fuel transportation businesses to achieve stable, competitive and flexible fuel portfolio.

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >