Qatar Energy signs agreements to lease and operate 25 liquefied gas tankers

Qatar Energy signs agreements to lease and operate 25 liquefied gas tankers

2024-03-24 13:50:46

Qatar Energy signs agreements to lease and operate 25 liquefied gas tankers

Today, Sunday, Qatar Energy and Qatar Gas Transport Limited (Nakilat) signed long-term charter agreements to operate 25 conventional-sized liquefied natural gas tankers. This is part of the second tender for shipowner contracts within the framework of the “Qatar Energy” program to expand the natural gas fleet. liquefied.

The Qatari Minister of State for Energy Affairs and CEO of Qatar Energy, Saad bin Sherida Al-Kaabi, said that the agreements come in the wake of Nakilat’s selection last month as the owner and operator of up to 25 conventional-sized LNG carriers, which confirms the firm confidence in This is the leading Qatari company in the field of liquefied natural gas shipping.

Al-Kaabi pointed out that these agreements play an important role in implementing Qatar Energy’s historic program to build LNG ships in order to meet our future requirements, as we move forward in expanding our production capacity of LNG to 142 million tons annually by 2030, to ensure additional energy supplies. Cleaner and more reliable for the world.

Of the 25 LNG carriers, 17 were built at Hyundai Heavy Industries shipyards in South Korea, while construction of the remaining eight ships continues at Hanwha Ocean (formerly Daewoo Shipbuilding and Marine Engineering) shipyards in South Korea as well.

The capacity of each of the twenty-five ships is 174,000 cubic metres, and will be leased to companies affiliated with Qatar Energy under 15-year leasing agreements.

It is noteworthy that in September 2023, Qatar Energy signed a contract worth 14.2 billion riyals ($3.9 billion) with the South Korean company Hyundai Heavy Industries, to build 17 liquefied natural gas carriers, which represents the beginning of the second phase of the “Qatar Energy” program to build… A marine fleet of tankers supports the increase in liquefied gas production from the Qatari North Field expansion projects and the Golden Pass in the United States. The agreement brings the total number of new ships to 77 carriers, with a plan to increase the number in the future.

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