TOKYO — Mitsui O.S.K. Lines Ltd. (MOL) has signed a charter contract with Sakhalin Energy LLC for the LNG carrier Grand Mereya through a subsidiary company 60% owned by MOL.
The vessel has been transporting LNG from the project under a long-term charter contract with Sakhalin Energy Investment Co. Ltd., the former operator of the project, but the contract has been newly made with Sakhalin Energy LLC and the vessel will continue the same transport services.
Exxon Mobil XOM.N is working with its partners on the US company's exit from the Sakhalin-1 oilfield in eastern Russia, its head of upstream operations said on Tuesday, according to news reports. Production from the giant field, which Exxon operates and in which it owns a 30% stake, has been largely shut in because of western sanctions against Russia, Liam Mallon told the Energy Intelligence Forum conference in London.