MISC Signs Charter with Yemen LNG

MISC Bhd has secured two long-term charters for its LNG carriers with Yemen LNG Company (YLNG) for the transportation of the commodity from Yemen to the US and Mexico, according to a report on www.theedgedaily.com. Under the charter party agreement, MISC will provide two 157,000 cu. m. LNG carriers to YLNG for the shipment of LNG from Balhaf in Yemen to Total Gas & Power Ltd facilities at Sabine Pass, Louisiana and Altamira in Mexico. The duration of the charter parties is 20 years each with the option to extend for one plus five, plus five years (1+5+5 years), MISC said in a statement. The LNG carriers under construction in Japan now were scheduled to be delivered in the first quarter of 2009 and start operations between April and September the same year.