Each of the 25 vessels will have a capacity of 174,000cbm
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic LNG Fleet Expansion Programme, according to a press communique.
The agreements were signed by HE Saad Sherida Al-Kaabi, the Qatari Minister of State for Energy Affairs, the President and CEO, QatarEnergy and Abdullah Al Sulaiti, CEO, Nakilat, in a recent ceremony held at QatarEnergy’s headquarters in Doha, and attended by senior executives from QatarEnergy, QatarEnergy LNG, and Nakilat.
Seventeen of the 25 LNG vessels are being constructed at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being constructed at Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) also in South Korea.
“These agreements firm up last month’s selection of Nakilat as the owner and operator of up to 25 conventional-size LNG carriers, underscoring our continued confidence in Qatar’s flagship LNG shipping and maritime company,” stated HE Al-Kaabi.
“The agreements we signed play an important role in implementing QatarEnergy’s historic LNG shipping program, which will cater for our future requirements, as we move forward with the expansion of our LNG production capacity to 142mn tons per annum by 2030, ensuring additional cleaner and reliable energy supplies to the world,” he continued.
Each of the 25 vessels will have a capacity of 174,000cbm and will be chartered out by Nakilat to affiliates of QatarEnergy pursuant to the 15-year TCP agreements, the press statement concluded.
