Qatar Launches Massive LNG Shipbuilding Program That Could Exceed 100 Ships
Qatar, the globe’s second largest merchant of liquified gas, has actually taken its initial company action in an enormous LNG shipbuilding program that can surpass 100 newbuild LNG service providers over the following years.
Qatar Petroleum on Tuesday provided an ‘invitation to tender’ to shipbuilders for the booking of LNG ship building and construction capability. The first strategy asks for the building and construction of 60 LNG service providers with the prospective to surpass greater than 100 ships over the following years, according toQatar Petroleum Qatargas will certainly carry out shipbuilding program in behalf of Qatar Petroleum.
The newbuild program will certainly sustain the delivery requirements of Qatar’s North Field Expansion (NFE) Project as well as boost Qatar’s LNG manufacturing capability from 77 million lots annually (mta) to 110 mta from in 2024.
The tender additionally covers delivery needs for the LNG bought as well as delivered from the Golden Pass LNG export task in the United States, which is presently unfinished as well as is intended to begin by 2024. The task is a 70/30 joint endeavor in between Qatar Petroleum as well as ExxonMobil.
The tender additionally consists of choices for substitute needs for Qatar’s existing LNG fleet.
Qatargas presently runs a fleet of 45 Q-Flex as well as Q-Max ships, the globe’s biggest LNG service providers, which comprise the foundation of Qatar’s existing LNG service provider fleet.?
“With this significant step, Qatar Petroleum embarks on another major LNG ship-building campaign expected to initially deliver 60 LNG carriers in support of the planned production expansion, with a potential to exceed 100 new LNG carriers over the next decade,” claimed His Excellency Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs as well as President & & CHIEF EXECUTIVE OFFICER ofQatar Petroleum “This important initiative reinforces Qatar Petroleum’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances.”
