Mitsui & Co is trawling the market for a vessel to take on time charter to ship its Arctic LNG 2 offtake out of a floating storage unit (FSU) that will be moored at the eastern end of the Northern Sea Route (NSR).

Industry sources said the Japanese trading house needs at least one LNG carrier to lift about 1 million tonnes per annum from the FSU that will be positioned off Kamchatka from 2023.