New Moss type LNG carrier for Pluto project

Japan's Mitsui O.S.K. Lines, Ltd.(MOL), the Kansai Electric Power Co., Ltd., and Iino Kaiun Kaisha, Ltd. (Iino Lines) have agreed on joint ownership of a newly built LNG carrier (Moss type, 145,000 cu.m). MOL will hold a 15% share of the new vessel, Kansai Electric Power 70%, and Iino Lines 15%.

The new LNG carrier is now under construction at Kawasaki Shipbuilding Corporation, and the joint owner company established by the three companies, based in the Bahamas, will be the shipowner when the tanker is launched. It is slated to go into service in May 2008.

The new ship will transport LNG purchased by Kansai Electric Power, mainly from the Pluto LNG project off Western Australia. This is the first LNG carrier in which Kansai Electric Power has taken direct ownership.

MOL says that, as a partner, is committed to offering safe, reliable and stable LNG transport service with the new ship through its extensive knowledge and technologies cultivated during long years of experience in LNG shipping industry.

Ship specs
Type	145,000 cu.m LNG Carrier
Shipyard	Kawasaki Shipbuilding Corporation, Sakaide Shipyard
Tank capacity (98.5%)	Approx. 145,000 cu.m
Deadweight	Approx. 71,000 MT
LOA	Approx. 289.5 m
Breadth	Approx. 49.0 m
Depth	Approx. 27.0 m
Design Draft	Approx. 11.40 m
Containment system	MOSS type
Main Engine	Steam turbine

Pluto LNG Project]
Gas field	: Northwest of Western Australia, off Karratha
Member companies	: Woodside Energy Limited (100%) Kansai Electric Power Co., Inc. and Tokyo Gas Co., Ltd. each plan to acquire a 5% equity interest from Woodside Electric Power, Ltd.
LNG sales volume	: Kansai Electric Power: 1.75 million-2 million tons/year Tokyo Gas: 1.5 million-1.75 million tons/year
Start of shipment	: end 2010

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