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>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 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 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >