ITOCHU and MOL in LNG JV with Algerian partners

Sonatrach (Algerian state-owned hydrocarbon company), Hyproc (shipping company wholly owned by Sonatrach), ITOCHU and MOL have agreed to establish a joint venture company (shareholding ratio 25% each) to construct a 75,500 cub metre newbuilding LNG carrier for long-term charter to Sonatrach.

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