MOL Signs Contract with Deutsche ReGas for FSRU at German LNG Terminal
Cubierto por 3 fuentesPublicado
- MOLMOL Signs Long-Term Charter Contract with Deutsche ReGas for Energie-Terminal "Deutsche Ostsee" in Germany - Playing a key role in Strengthening Germany's and Europe's import solution -
- ports news rusiaMOL seals German charter for first independent FSRU conversion
- Trade newsMOL breaks new ground with first solo FSRU conversion
Mitsui O.S.K. Lines (MOL) and Deutsche ReGas signed a long-term time charter contract for the deployment of a floating storage and regasification unit (FSRU) at the Energie-Terminal Deutsche Ostsee, located in Mukran, on Germany's Baltic Sea coast. The agreement was announced on October 29, 2026, and provides for Deutsche ReGas to charter the FSRU starting in 2028.
Conversion in China
The vessel will be converted from an existing LNG carrier at the Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. shipyard in China, before being delivered to Deutsche ReGas for operation at the Baltic terminal. According to both companies, this is the first FSRU conversion project that MOL has developed on its own initiative, as its previous conversions were carried out in collaboration with partners for specific uses.
Ceremony in Tokyo
The signing of the agreement was formalized with a commemorative ceremony held in Tokyo on October 29, attended by executives from both companies, including Deutsche ReGas CEO Ingo Wagner and MOL President and CEO Jotaro Tamura, who described the project as an important strategic milestone for the company.
Wagner noted that the project will restore the terminal's fully permitted capacity, continuing the path begun in 2024, and stated that this will strengthen long-term energy security and provide greater import flexibility for consumers, industry, and energy markets. Deutsche ReGas operates the Energie-Terminal Deutsche Ostsee at the industrial port of Mukran, which, together with the Lubmin LNG terminal, make up the first and only privately financed floating LNG terminals in Germany, and it also plans to develop hydrogen electrolyzers.
For MOL, the FSRU business is part of its portfolio strategy under the BLUE ACTION 2035 Phase 2 management plan, which identifies these units as a stable income-generating business in the downstream segment of the LNG value chain. The company, which operates the world's largest fleet of LNG carriers, aims to expand vertically into LNG receiving and regasification to help diversify gas supply sources for Germany and Europe.
