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Commodities

Mitsui OSK's huge floating gas terminal detoured to Turkey

Work at intended LNG site in Uruguay is behind schedule

Mitsui O.S.K. Lines' offshore terminal will have the largest capacity of its kind.

TOKYO -- Mitsui O.S.K. Lines will put its massive new offshore liquefied natural gas terminal to work in Turkey this year, instead of its original destination in Uruguay, owing to delays with the South American project. 

The Japanese shipping line ordered the roughly 40 billion yen ($355 million) floating storage and regasification unit in 2013 from South Korea's Daewoo Shipbuilding & Marine Engineering and will receive the vessel next month. The offshore terminal can store 263,000 cu. meters of LNG, giving it a larger capacity than the world's 22 FSRUs already in operation, according to Mitsui O.S.K. It is the first such vessel to be solely owned by a Japanese marine shipper. 

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