DOHA, Qatar: Qatar Petroleum announced today that it has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly owned subsidiary of China State Shipbuilding Corporation Limited (CSSC).
These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion projects as well as for existing vessel replacement requirements. This order is also the first ever placed by Qatar Petroleum or any of its affiliates with a Chinese shipyard for LNG ships, and the first with Hudong in connection with the agreement to reserve ship construction capacity that was executed in April 2020.
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, commented on this occasion and said, “We continue to push forward with our LNG expansion projects, and today’s announcement is yet another step in our journey. I am especially pleased with the signing of this order as it marks our first ever new LNG carrier to be built in the People’s Republic of China.”
His Excellency Minister Al-Kaabi added, “We are proud to contribute to the success story of the LNG ship construction industry in China. We are also confident in Hudong’s capabilities to execute this order, worth in excess of 2.8 billion Qatari Riyals, to the highest safety and technical standards and to deliver top quality LNG carriers that will facilitate continued safe and reliable delivery of LNG to the world.”
“I would like to take this opportunity to thank Hudong’s team for all the hard work to bring this order to fruition during these challenging times. I would also like to thank the leadership of our esteemed partner, CSSC, for their valuable support to this effort in line with our mutual desire to further strengthen the excellent relations between China and Qatar. I am very grateful to the Qatar Petroleum and Qatargas teams, whose dedicated efforts were instrumental in reaching this milestone,” His Excellency Minister Al-Kaabi concluded.
The North Field expansion projects will increase Qatar's LNG production capacity from 77 million tons per annum to 126 million tons per annum. Qatar Petroleum’s LNG carrier fleet program is the largest of its kind in the history of the LNG industry and will play a pivotal role in meeting the shipping requirements of Qatar Petroleum’s local and international LNG projects, as well as replacing some of Qatar's existing LNG fleet.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
