Neptune Project

Project Overview

Neptune project is MOL's first FSRU project

img_neptuneproject_03

Project Content

Neptune project is a LNG receiving terminal project offshore of Boston, U.S. The project was jointly developed with the charterer, GDF Suez (currently Engie), and joint vessel owner, Hoegh LNG. The project involves two newbuild FSRUs, Neptune and Cape Ann, which were planned to take turns conducting regasification at the project site and transporting LNG to the project site.

Current Situation

As a result of the shale gas revolution in the late 2000s, the U.S. transformed into an LNG exporter. In 2009, commissioning operations of the offshore mooring buoy and FSRU regasification system were carried out at the project site. However, the project was terminated before conducting operations due to the reversal of LNG supply-demand in the U.S. Neptune and Cape Ann later had opportunities to operate as FSRUs in the Tianjin terminal, China, and in the Aliaga terminal, Turkey. They are currently part of Total's portfolio, which acquired Engie's LNG business in 2018, as carriers with capabilities of both LNG carrier and FSRU, under a long-term lease. MOL was engaged in the shipbuilding supervision of the FSRUs for the first time in this project. Obtaining knowledge of FSRU design through this project was a significant gain for MOL.

img_neptuneproject_01

Related Press Release

Click here for FSRU Case Studies

Download materials containing case studies of FSRU and FSRU-related projects that Mitsui O.S.K. Lines (MOL) worked on as the only FSRU owner and operator in Japan.

View more

FSRU Case Studies

FSRU

Japan's first ship-to-ship (STS) transfer at the Port of Tomakomai

FSRU

First and only independent FSRU ownership and operation by a Japanese company.

FSRU

Hong Kong's first LNG receiving project, utilizing MOL FSRU Challenger, the largest FSRU in the world.

FSRU

Construction and operation for India's first newly-built FSRU and LNG receiving terminal

FSRU

Offshore FSRU project in the Cilamaya Sea to the east of Jakarta, Indonesia.

FSRU

This project is an LNG-to-Powership project, utilizing an FSRU and Powership

FSRU Services

View more

FAQ

Introducing frequently asked questions and answers about FSRU.

View more

Glossary

Terms for FSRU facilities, features and and related principles of operation are explained here.

View more

  • Marine White Paper

    Marine White Paper

    Download materials with the latest information about our marine transportation.

  • Company Brochure Download

    Company Brochure DownloadCompany Brochure Download

    Download the Mitsui O.S.K. Lines corporate brochure here.

  • Our Services

    Our ServicesOur Services

    Please feel free to contact us about our wide range of services.

  • Other Inquiries

    Other InquiriesOther Inquiries

    Contact us with various questions or comments.