Mitsui O.S.K. Lines, Ltd. (MOL) and Deutsche ReGas announced that they have signed a long-term lease agreement for an FSRU (Floating Storage and Regasification Unit) at the 'Deutsche Ostsee' energy terminal located in Mukran, Germany. The contract was officially held on October 29, 2026, in Tokyo.
Project Details
Under this agreement, the LNG carrier will be converted at the Hudong-Zhonghua shipyard in China, and from 2028, Deutsche ReGas will lease this FSRU unit from MOL. This project is recognized as the first FSRU conversion project based on MOL's independent initiative designed to deliver LNG to large gas networks.
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At the ceremony, Jotaro Tamura, President and CEO of MOL, expressed his pleasure in collaborating with Deutsche ReGas, stating: "This FSRU project is a strategic milestone for MOL. We will continue to work with Deutsche ReGas and HZ to provide an FSRU solution."
MOL's Role in Europe's Energy Supply
MOL, leveraging its experience and expertise in LNG transportation and possessing the largest fleet of LNG carriers in the world, has vertically expanded into the downstream segment of the LNG value chain. This project enables MOL to provide a reliable and flexible solution for LNG imports to the gas markets of Germany and Europe, contributing to the diversification of gas supply sources and increasing LNG import capacity.
Suryan Viraya Simonovich, Executive Director of MOL, also stated at the ceremony: "The FSRU project is a significant achievement for the Europe and Africa region and helps develop critical energy infrastructure that supports the changing energy needs of Europe."
Importance of the 'Deutsche Ostsee' Terminal
This terminal, as the only LNG terminal in eastern Germany, holds significant strategic importance for energy security. This project allows Deutsche ReGas to fully restore the terminal's authorized capacity and create greater flexibility for imports. This initiative will benefit consumers, industry, and energy markets.
This program is designed as part of MOL Group's BLUE ACTION 2035 Phase 2 strategy, which has identified FSRU trade as one of the revenue-generating businesses in the downstream LNG value chain. Thus, MOL will contribute to sustainable energy supply in Germany and Europe while simultaneously strengthening its energy infrastructure.
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