Mitsui OSK Lines will operate the upcoming Soko Floating LNG regasification terminal, proposed to be built in Hong Kong Special Administrative Region in China. The terminal is expected to start operations in 2022 and will be owned by Hong Kong Electric (Natural Gas), CLP Holdings, and China Southern Power Grid.

The Soko Floating LNG regasification terminal has a proposed regasification capacity of 292bcf/annum (billion cubic feet) and storage capacity of 0.12 million tons (Mt).

During the period 2021-2025, the Soko Floating regasification terminal is expected to witness an estimated capex of $206.3m.

Contractors involved in the regasification plant

Some of the key contractors for the Soko Floating LNG regasification terminal include –
Main EPC: China National Offshore Oil.
EPC: Seagull Engineering Sdn.

About Mitsui OSK Lines

Mitsui OSK Lines Ltd (MOL) is a global marine logistic company. It owns and operates dry bulkers, tankers, LNG carriers, containerships, ferries & coastal RoRo ships, cruise ships. The company’s dry bulkers transport dry bulk cargo such as iron ore, coal, grains, wood, wood chips, cement, fertilizer and salt. Its tankers transport crude oil and refined petroleum products and its LNG carriers transport liquefied natural gas (LNG). The company also transports coal for electric power companies in Japan. MOL transports electric products, automotive parts, clothes, furniture, food products and automobiles. The company also offers luxury cruise services, real estate and tugboats. It has presence across North America, Central and South America, Europe, Africa, the Middle East, Oceania and Asia. MOL is headquartered at Tokyo, Japan.

Methodology

Information on the terminal is sourced from GlobalData’s LNG regasification database that provides detailed information on all active and upcoming, large – scale LNG regasification terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.