ExxonMobil, Mitsui tap China State Shipbuilding for four new LNG tankers

By Phaedra Friend Troy

According to a report from Dow Jones Newswires, US super-major ExxonMobil (NYSE:XOM) and Japanese Mitsui have contracted China State Shipbuilding Corp. to build four new LNG tankers.

A subsidiary of China State Shipbuilding Corp., Hudong-Zhonghua Shipbuilding will build the tankers, reported Dow Jones, citing Xinhua news agency.

Planned to transport LNG from Australia and Papua New Guinea to China, the massive ships are scheduled for completion in 2015 and 2016.

Multiple LNG projects in Asia Pacific, including PNG LNG and Gorgon are set to supply liquefied natural gas to China in the coming years.

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