Qatar Petroleum announced today, Sunday, that it has ordered the construction of 4 LNG carriers from Hudong-Junghua Shipbuilding Group (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation.
Qatar Petroleum said, in a statement published today, that 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 the North Field expansion projects, as well as the requirements to replace the ships of the current fleet.
She added that 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.
“We are progressing steadily in projects to increase our production of liquefied natural gas,” said Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, Managing Director and CEO of Qatar Petroleum, noting that today’s announcement constitutes another major step in this context.
He added, “We are confident in Hudong’s capabilities to implement this order, which is worth more than 2.8 billion Qatari riyals, according to the highest standards of safety and quality, which will contribute to the continuation of the safe and reliable delivery of LNG 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 annually to 126 million tons annually.
Qatar Petroleum’s LNG tanker 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.