Construction Process for 100+ New LNG Tankers Initiated by Qatar Petroleum
Qatar Petroleum issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase Qatar’s LNG production capacity from 77 mta to 110 mta starting in 2024.
Hot Tip
In addition to addressing shipping requirements for the North Field Expansion Project, the tender covers shipping requirements for the LNG volumes that will be purchased and offtaken by Ocean LNG (a 70%/30% JV between QP and ExxonMobil) from the Golden Pass LNG export project in the United States, which is currently under construction and is planned to start by 2024.
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of QP, said: “With this significant step, QP 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. This important initiative reinforces QP’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances.
