QatarEnergy pens deals for seven LNG carriers under its giant shipbuilding program

State-run QatarEnergy has signed deals for seven LNG carriers with an Asian consortium, completing the next batch of charter contracts awarded under its massive shipbuilding program.

The consortium consists of Japan’s NYK, K Line, Malaysia’s MISC, and China LNG Shipping (Holdings) Limited.

Concurrent with the signing of the long-term time charter contracts, the JV companies have also executed shipbuilding contracts for seven 174,000-cbm LNG carriers with South Korea’s Hyundai Heavy Industries, NYK said in a statement on Wednesday.

These seven vessels would feature an X-DF 2.1 iCER and air lubrication system, both of which woould contribute to a reduction of GHG emissions and an improved environmental impact, according to NYK.

Hyundai Heavy would deliver the 299 meters long vessels during 2025 and 2026, the Japanese firm said.

South Korea’s KSOE said in a stock exchange filling on Wednesday its unit Hyundai Heavy has won a contract from an Asian firm to build seven LNG carriers.

The contract has a price tag of 1.96 trillion won ($1.5 billion) or some $214 million per vessel.

In March 2021, QatarEnergy launched a tender to a large group of owners for the chartering of more than 100 LNG carriers for its future requirements related to its giant capacity expansion in Qatar and the Golden Pass terminal in the US.

Earlier this year, QatarEnergy signed charter deals for four LNG carriers with Japan’s MOL, completing the first batch of charter contracts awarded under the shipbuilding program. China’s Hudong-Zhonghua will build these vessels.

After that, the firm signed several contracts for LNG carriers to be built by the three largest yards in South Korea, including DSME, Hyundai Heavy, and Samsung Heavy.

- Advertisements -

Most Popular

Tellurian updates on Driftwood LNG work

US LNG terminal developer Tellurian, which is being acquired by Australia's Woodside, released the latest construction update for the...

ConocoPhillips books capacity at Zeebrugge LNG terminal in Belgium

US energy giant ConocoPhillips has signed a deal to book long-term capacity at the Fluxys-operated Zeebrugge LNG import terminal...

NextDecade names new COO

US LNG firm NextDecade, the developer of the Rio Grande LNG export project in Texas, has appointed Tarik Skeik...

More News Like This

HD Hyundai Heavy awards new LNG tank gig to GTT

South Korean shipbuilder HD Hyundai Heavy Industries has awarded a new contract to French LNG containment giant GTT. According to...

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...

Malaysia’s Petronas adds new vessels to its fleet as LNG Canada launch nears

Malaysian energy giant Petronas has added three new liquefied natural gas (LNG) carriers to its fleet as it prepares...

Ocean Yield to buy CVC DIF’s stake in France LNG Shipping

Infrastructure fund CVC DIF has agreed to sell a stake in LNG carrier owner France LNG Shipping to KKR-backed...