MOL is one of the worlds largest LNG shipping companies if measured by project involvement. They are involved in approximately one third of worldwide LNG transport projects and have business relationships with both upstream and downstream customers.

MOL and Hoegh LNG have 20 years history of joint ownership and operation of LNG vessels.

MOL has a 50% interest in Norman Lady, Hoegh Gandria, and Arctic Lady, as well as 34% interest in Arctic Princess. The two Snøhvit vessels were delivered in January and April 2006.

MOL also has a 50% ownership in the Neptune SRV newbuildings recently ordered at Samsung Heavy Industries.

The first vessels will be delivered in Q4 2009. The two firm and one optional Shuttle and Regasification Vessel (SRV) is to be built at Samsung Heavy Industries in Korea.