Demand for liquefied natural gas (LNG) is growing all over the world as an environment-friendly clean energy. MOL first participated in an LNG transport project in 1983. Ten years later, as a representative of a Japanese consortium, we played a key role in the conclusion of the largest LNG transport of the 20th century, the Qatar Project, which moving 6 million tons of LNG annually from the Middle East to Japan. After having many experiences of LNG projects, in 2014, MOL also announced plans to participate in the Yamal LNG project in Russia, using Arctic Ocean routes. In 2018, MOL has started to operate the first LNG carrier in the world, which has independent ice-breaking capabilities enabling them to sail in seas with ice up to 2.1 m thick. The vessel transport LNG from the Yamal LNG plant at Sabetta on Russia’s Yamal Peninsula to worldwide LNG markets throughout the year. MOL has entered the Ethanol Transport business, forming a strategic tie-up with Reliance Industries Limited of India to operate the world’s first large-scale Liquefied Ethane Carrier. We are always in the vanguard of new developments in energy transport, and our ongoing fleet development and uncompromising approach to safety help us maintain our global leadership in the ownership, management, and operation of LNG carriers.
Now MOL has been the world biggest LNG Transporting Company and operates 98 LNG and Ethanol Carriers in the world.
Recently, MOL has started the domestic transportation of LNG in Indonesia, we would like to expand such LNG Distributing Business by Small LNG Carrier/Containers/Trailers and Off-Shore Businesses.
MOL has taken part in 2 LNG related business in Turkey. They are FSRU's time charter for BOTAS and "LNG to Powership Project" with KARADENIZ. LNG is MOL’s main business now and Turkey imports big volume of LNG. For more economic growth, reliable source of energy is needed and LNG is one of them, MOL Turkey also hopes to take part in LNG transporting business, for example, LNG to Power Plant instead of Pipeline Gas, Distribution of LNG to other market by using small scale LNG carrier, container, land trailer etc.