Oman beefs up LNG shipping

Oman has entered into a contract with Mitsui OSK Lines aimed at developing the country’s ocean transport industry, particularly its LNG shipping, while awarding a tender valued at USD 299.5 million to Japanese and South Korean shipyards for the design and construction of two LNG carriers. Sources say that Samsung Heavy Industries Co. Ltd. of South Korea and a Japanese consortium of Mitsubishi Heavy Industries Ltd. and Kawasaki Heavy Industries Ltd. won contracts for the carriers. Oman retains the option of adding two more ships at a later stage. Delivery of the first vessel is set for December 2005, while the second carrier is due in third quarter 2006. The vessels will meet the transport needs of Oman’s LNG Train III project currently under construction at Qalhat in the Wilayat of Sur. The new train, expected to come on stream by yearend 2005, will add a further 3.8 million tpy, boosting the plant’s capacity to more than 10 million tpy of LNG.

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