Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and also the President and also Chief Executive Officer of Qatar Petroleum claims offer safeguards 60% of international LNG shipbuilding capability via 2027
Qatar Petroleum has actually authorized port appointments with the 3 biggest Korean shipbuilders protecting building capability for greater than 100 LNG service providers valued at over $19 billion. The ships are required to provide for its LNG development strategies– consisting of exports of UNITED STATE LNG from the Golden Pass job in Texas.
Under the arrangements, the “Big Three” Korean shipyards– Daewoo Shipbuilding & & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and also Samsung Heavy Industries( SHI )– will certainly book a significant part of their LNG ship building capability for Qatar Petroleum via the year 2027.
The arrangements were authorized by Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs, that is the President and also Chief Executive Officer of Qatar Petroleum in a digital event gone to byMr Sung Yun- mo, the Minister of Trade, Industry & & Energy of the Republic ofKorea Also participating in wereSheikh Khalid Bin Khalifa Al Thani, Chief Executive Officer of Qatargas, the Chief Executive Officers of theKorean shipyards, elderly agents from Korea’s Ministry of Trade, Industry & & Energy, and also execs from Qatar Petroleum, Qatargas, and also the 3 Korean shipyards.
“With the conclusion of these milestones agreements, we have everything in place to commence the largest LNG shipbuilding program in history,” claimed Minister Al-Kaabi “We have secured approximately 60% of the global LNG shipbuilding capacity through 2027 to cater for our LNG carrier fleet requirements in the next 7-8 years, which could reach 100+ new vessels with a program value in excess of 70 billion Qatari Riyals.”
“The new LNG vessels will be equipped with the latest generation slow speed dual fuel engines, utilizing LNG as a fuel,” he kept in mind. “This will ensure the most efficient performance and compliance with the latest global emission and environmental regulations. We will continue working on reducing emissions from our fleet to protect the regional and global environment in line with the environmental objectives of the Qatar National Vision 2030.”
