MOL Signs Charter Contract for A Newbuilding Ice-Breaking Tanker to Serve Russia’s Arctic LNG 2 Project – Participating in Japan’s 1st Condensate Transport Project Using Ice-breaking Tanker –

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on January 26, it agreed to participate in cargo transport for the Arctic LNG 2 Project on Russia’s Gydan Peninsula, and signed, through an MOL subsidiary, a charter contract for a newbuilding ice-breaking tanker with the project company, whose largest shareholder is Russia-based PAO NOVATEK. The vessel will be constructed at Guangzhou Shipyard International Company Limited. (Headquarters: China) which is a subsidiary of China State Shipbuilding Corporation Limited (CSSC), and is slated for delivery in 2024. This contract follows the October 2020 (Note 2) signing of charter contracts for three ice-breaking LNG vessels to serve for the same project.