Eng. Saad Sherida Al-Kaabi: We are progressing steadily in projects to increase our production of LNG, and today’s announcement is another big step in this context.
3/10/2021–|Last update: 3/10/202105:29 PM (Mecca)
Qatar Petroleum announced that it has ordered the construction of 4 LNG carriers from Hudong Jonghua Shipbuilding Group Limited (“Hudong”), wholly owned by China State Shipbuilding Corporation Limited.
According to a statement by Qatar Petroleum, the four tankers constitute the first batch of Qatar Petroleum’s massive program to build LNG ships to meet the future requirements of its fleet of tankers related to North Field expansion projects, as well as the requirements to replace the existing fleet ships.
This is the first request of its kind made by Qatar Petroleum – or any of its subsidiaries – with a Chinese liquefied natural gas shipyard, and the first with Hudong Company related to the capacity reservation agreement for shipbuilding that was signed in April 2020, according to the statement.
Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, Managing Director and CEO of Qatar Petroleum, said, “We are progressing steadily in projects to increase our production of liquefied natural gas, and today’s announcement is another big step in this context.”
“I am particularly pleased to sign this request because it will be the first time that Qatari LNG tankers are being built in the People’s Republic of China,” he added.
Al-Kaabi added, “We are also confident in Hudong’s capabilities to implement this order, which is worth more than 2.8 billion riyals (equivalent to $770 million) in accordance with the highest standards of safety and quality, which will contribute to the continuation of the safe and reliable delivery of liquefied natural gas to the world.”
It is noteworthy that the North Field expansion projects will raise Qatar’s production capacity of liquefied natural gas from 77 million tons per year to 126 million tons per year.
Qatar Petroleum’s LNG carrier fleet program is the largest of its kind in the history of the LNG industry, and will play a key role in meeting the shipping requirements of Qatar Petroleum’s domestic and international projects in the field of LNG, in addition to replacing part of the existing LNG carrier fleet in Diameter.