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MOL wins first FSRU deal in Poland

MOL has been selected as the preferred operator for an FSRU for the planned LNG import terminal in the Bay of Gdansk.

The Polish gas network operator Gaz System has agreed a time charter for the Floating Storage and Regasification Unit (FSRU) with the Japanese shipping company. Gaz System is the project developer and operator of the future LNG terminal[ds_preview].

This is Poland’s first FSRU of its kind and a strategically important piece of energy infrastructure designed to improve the country’s energy security. The FSRU is to be moored on a berthing platform about 3 km from the coast in the area of the Port of Gdansk between the mouths of the Vistula estuaries: Śmiała and Martwa. The necessary offshore and onshore infrastructure will also be built as part of the project. Commissioning of the entire project is planned for 2027/2028.

MOL and Gaz System are working out the details

The selection of the supplier of the LNG Floating Storage and Regasification Unit is an important milestone in the implementation of the FSRU program, which Gaz System has been pursuing for many months. In the near future, the focus will be on working out the detailed terms of the so-called Time Charter Party. In addition, all necessary approvals must be obtained from Gaz System’s governing bodies in order to sign the contract with the shipowner, reports Andrzej Kensbok, Vice President of the Gaz System Management Board.

“It is a great honor for MOL to have been selected for this strategically important project for Poland, and we are committed to working closely with Gaz System to deliver Poland’s first FSRU, which will not only strengthen energy security in Poland, but also in the region in the long term. This project is also in line with MOL’s corporate vision to realize a sustainable society through the development of social infrastructure and the provision of energy with lower emissions. We are confident that the extensive operational and technical experience we have accumulated over our 140-year history in the industry, together with our financial capability, will enhance the project and ensure seamless, safe and efficient service for Gaz System,” said Toshinobu Shinoda, Senior Managing Executive Officer in charge of Europe and Africa Region, Mitsui O.S.K. Lines, Ltd.

MOL will die erste FSRU Polens betreiben
MOL to operate Poland’s first FSRU

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Caption: MOL wants to operate Poland's first FSRU