Mitsui O.S.K. to invest in India LNG terminal

Japanese shipper will operate storage and gasification units to debut in 2020

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The terminal, consisting of two floating units, shown at right, will receive and store LNG from transport ships. Operations are expected to begin in 2020.

TOKYO -- Mitsui O.S.K. Lines will invest in a liquefied natural gas terminal to be built in western India, the Japanese shipper said Friday, seeking stable long-term profit as containerships and other marine operations are prone to market fluctuations.

Mitsui O.S.K., seen putting tens of millions of dollars into the effort, will operate and manage the terminal's two core facilities -- a floating storage unit and a floating, storage and regasification unit.

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