Japan’s Mitsui OSK Lines Ltd (MOL) and Karadeniz Holding AS announced on 30 August that they would develop the first LNG-to-powership project in Mozambique. The project, which will be implemented under the joint brand Karmol, involves mooring a FSRU next to Karadeniz subsidiary Karpower International BV’s 115MW Irem Sultan powership, which is operating in Nacala port. The agreement was announced at the Tokyo International Conference on African Development in Yokohama in August.