The QR2.8bn order is the first ever placed by QP or its affiliates with a Chinese shipyard for LNG ships
Qatar Petroleum 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 QP’s massive LNG shipbuilding programme, 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 QP, 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.
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, also the President and CEO of QP, 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.”
Al-Kaabi noted, “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 QR2.8bn, 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,” al-Kaabi concluded.
The North Field expansion projects will increase Qatar's LNG production capacity from 77mn tonnes per year to 126mn tonnes per year.
QP’s LNG carrier fleet programme is the largest of its kind in the history of the industry and will play a pivotal role in meeting the shipping requirements of QP’s local and international LNG projects, as well as replacing some of Qatar's existing LNG fleet.
This order is also the first ever placed by QP, 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.
HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi, also the President and CEO of QP, 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.”
Al-Kaabi noted, “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 QR2.8bn, 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,” al-Kaabi concluded.
The North Field expansion projects will increase Qatar's LNG production capacity from 77mn tonnes per year to 126mn tonnes per year.
QP’s LNG carrier fleet programme is the largest of its kind in the history of the industry and will play a pivotal role in meeting the shipping requirements of QP’s local and international LNG projects, as well as replacing some of Qatar's existing LNG fleet.