MOL provides FSRU for LNG import terminal in Gdańsk

MOL to supply FSRU for Polish LNG import terminal

Mitsui O.S.K. Lines, Ltd. (MOL) will charter a Floating Storage and Regasification Unit (FSRU) for the LNG import terminal in the Gulf of Gdańsk, Poland.

The proposed LNG terminal is being developed and operated by GAZ-SYSTEM S.A., the Polish Gas Transmission System Operator.

This is reportedly Poland’s first FSRU, and is deemed a significant piece of energy infrastructure that will improve the country’s energy security.

The FSRU is assumed to be berthed at a mooring platform approximately 3 kilometres from the shore, in the vicinity of the Port of Gdańsk between the mouths of the Vistula River branches: Śmiała and Martwa. MOL noted that the appropriate offshore and onshore infrastructure will be built as part of the project.

MOL plans to commission the entire project in 2027/2028.

READ: NYK, MOL ink time charter agreement

Andrzej Kensbok, Vice President of GAZ-SYSTEM Management Board, said: “The selection of the LNG Floating Storage and Regasification Unit supplier is an important milestone in the implementation of the FSRU Program which Gaz System has pursued for many months now.

“In the near future, we will focus on developing the detailed terms of the so-called Time Charter Party. Further, we need to obtain all necessary corporate approvals from Gaz System’s management bodies to sign the agreement with the shipowner.”

READ: MOL to issue shipping’s first blue bonds

Toshinobu Shinoda, Senior Managing Executive Officer in charge of Europe and Africa region, Mitsui O.S.K. Lines, Ltd., stated: “Being selected for this strategically important project for Poland has been a great honor for MOL and we are committed to working closely with Gaz System to deliver Poland’s first FSRU which would not only strengthen the energy security in Poland, but in the region in the long-term.”

In December 2023, Nippon Kaiji Kyokai (ClassNK) granted approval in principle (AiP) to MOL for a design of FSRU for ammonia, which MOL and Mitsubishi Shipbuilding Co., Ltd. collaboratively designed.

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