
Japanese shipping company Mitsui O.S.K. Lines (MOL), its unit MOL Chemical Tankers (MOLCT), Singapore-based commodity trading company Trafigura and its vessel fuel supply joint-venture company TFG Marine have signed a memorandum of understanding (MOU).

The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.