Qatar Petroleum introduced that it has actually become part of a contract to book LNG ship building ability in China to be made use of for Qatar Petroleum’s future LNG provider fleet demands, consisting of those of its recurring North Field development tasks.
The arrangement was become part of in between Qatar Petroleum as well as Hudong-Zhonghua Shipbuilding Group Co,Ltd (Hudong), a completely possessed subsidiary of China State Shipbuilding Corporation Limited (CSSC). Pursuant to the arrangement, a substantial section of Hudong’s LNG ship building ability will certainly be scheduled for Qatar Petroleum with the year 2027.
The arrangement was authorized byHis Excellency Mr Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President as well as Chief Executive Officer of Qatar Petroleum, as well asMr Lei Fanpei, the Chairman of CSSC, in a digital event held today in the existence of Sheikh Khalid Bin Khalifa Al Thani, Chief Executive Officer of Qatargas, as well asMr Chen Jianliang, Chairman of Hudong, along with elderly execs from Qatar Petroleum, Qatargas, CSSC as well as Hudong.
Image Credits: Qatar Petroleum
Speaking at the finalizing event,His Excellency Mr Saad Sherida Al-Kaabi claimed, “Today, we have taken yet another concrete step to reinforce Qatar’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances. By entering into this agreement to reserve a major portion of Hudong’s LNG ship construction capacity through the year 2027, we are confident that we are on the right track to ensuring that our future LNG fleet requirements will be met in due time to support our increasing LNG production capacity.”
His Excellency Minister Al-Kaabi included, “The value of this landmark agreement has the potential to be well in excess of 11 billion Qatari Riyals, depending on our requirements and the extent of China’s LNG shipbuilding capacity expansion. To this end, Qatar Petroleum is pleased and proud to support the expansion of the LNG ship construction capacity in China and looks forward to further growth in the near future.”
“I would like to take this opportunity to thank Hudong’s team for all the hard work to bring this contract to fruition during these challenging times. I would also like to thank the leadership of our esteemed partner, CSSC, for their great support to this effort in line with our mutual desire to further strengthen the excellent relations between China and Qatar, especially during the unusual circumstances the world is currently facing. I am also very grateful to the Qatar Petroleum and Qatargas teams, whose dedicated efforts were instrumental in realizing this agreement,” His Excellency Minister Al-Kaabi ended.
Image Credits: Qatar Petroleum
Also talking at the online finalizing event,Mr Lei Fanpei, the Chairman of CSSC claimed, “The 174,000 cubic meter LNG carrier for Qatar Petroleum is the latest generation of LNG carrier design customized by CSSC for Qatar. The carrier has the world’s leading performance for efficiency, reliability and environmental conservation, demonstrating CSSC Group’s great efforts and commitment to the success of Qatar Petroleum’s projects. The agreement signed today will be an important milestone for the cooperation of CSSC Group and Qatar Petroleum, and will make new contributions to consolidating the economic cooperation and traditional friendship between Qatar and China.”
The North Field development tasks will certainly boost Qatar’s LNG manufacturing ability from 77 million loads per year to 126 million loads per year. Qatar Petroleum’s LNG provider fleet program is the biggest of its kind in the background of the LNG sector as well as will certainly play an essential function in fulfilling the delivery demands of Qatar Petroleum’s neighborhood as well as worldwide LNG tasks, along with changing a few of Qatar’s existing LNG fleet.
Reference: qp.com.qa
