Singapore LNG (SLNG) has entered into an agreement to charter an FSRU from a subsidiary of Japan's Mitsui OSK Lines (MOL) for Singapore's second liquefied natural gas (LNG) import terminal.

The new vessel will feature a storage capacity of 200,000m³ and a regasification capacity of five million tonnes per annum (mtpa).

Measuring 298.8m in length and 51.0m in beam, the FSRU will be moored at Jurong Port, Singapore.

The FSRU, being built by South Korean shipbuilder Hanwha Ocean, will play a vital role in receiving, storing, and regasifying LNG, and supplying gas to the shore.

Mitsui OSK Lines has announced its responsibility for the ownership, management and operation of the FSRU post-delivery, which is slated for 2027.

The introduction of this FSRU is poised to play a critical role in Singapore, where imported natural gas fuels approximately 95% of domestic power generation.

Singapore's existing terminal on Jurong Island currently has an average gas supply capacity of 9mtpa, with a peak capacity of around 11mtpa.

The second terminal, also to be located at Jurong Port, will have infrastructure in place to connect the FSRU to Singapore’s onshore pipelines and gas pipeline network.

In October of the previous year, SLNG disclosed its plans to develop and operate Singapore's second LNG import terminal to ensure the nation's natural gas demands are met exclusively by LNG.

Earlier this month, Australian energy company Santos signed a mid-term contract to supply LNG to TotalEnergies Gas & Power Asia, a Singapore-based subsidiary of TotalEnergies.