QatarEnergy has chosen Qatar Gas Transport Company Limited (Nakilat) to be the proprietor and operator of as much as 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).
The 25 vessels, every with a capability of 174,000 cubic meters, might be owned 100% by Nakilat and chartered out to associates of QatarEnergy. They are scheduled for building at South Korean shipyards.
This constitutes the primary award within the second batch of long-term TCPs below QatarEnergy’s LNG fleet growth undertaking. QatarEnergy’s future LNG fleet is predicted to be in extra of 100 vessels.
In 2022, QatarEnergy signed a sequence of TCPs for the long-term constitution and operation of 60 LNG ships, concluding the primary part of its historic and unprecedented fleet growth program, which goals to assist and meet future necessities of QatarEnergy’s North Field East and North Field South Expansion Projects. It will even assist the delivery necessities of QatarEnergy Trading to serve its international LNG portfolio, together with volumes to be produced from the Golden Pass LNG Export Project. In addition, a part of this system is meant to cater for substitute necessities of the prevailing Qatar LNG fleet.
Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and President and CEO of QatarEnergy, mentioned: “We are extremely pleased to announce this partnership with Nakilat, which reflects our confidence in Qatar’s flagship LNG shipping and maritime company. We are equally proud to see this LNG transportation champion compete as part of a global tender and be able to win on a purely competitive basis. This is a testament to Nakilat’s world-class capabilities as well as to the significant contributions of listed companies to the national economy.”
