Qatar Petroleum, partners to work on new LNG carrier designs

Qatar Petroleum, along with several international LNG players, signed a multi-party agreement with LNT Marine, ABS, and Shanghai Waigaoqiao Shipbuilding to work on new medium and large LNG carrier designs.

The agreement paves the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilizing the LNT A-BOX cargo containment system, QP said on Wednesday.

Moreover, other players that signed the deal include QP’s unit Qatargas and affiliates of ConocoPhillips, ExxonMobil, Shell and Total, QP said.

The LNT A-BOX cargo containment system is a new design. The 45,000-cbm ABS-classed vessel Saga Dawn, which entered commercial service in the second quarter last year, is the first vessel featuring the system.

Qatar Petroleum, partners to work on new LNG carrier designs
Image: Qatargas

“With this signing, Qatar Petroleum reaffirms its commitment to the continuous improvement of the LNG industry by supporting new concepts and encouraging innovation in areas that benefit the industry as a whole, in a safe and economic manner,” Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, said.

In addition, QP said LNT A-BOX introduces a “step change in LNG containment systems and demonstrates the potential to improve LNG transportation economics in the coming years.”

LNT Marine’s and Saga LNG’s chief, and a partner in parent company Landmark Capital, David Wu said the firm looks forward to cooperating with Qatar Petroleum and other market leaders in the LNG industry, to “support new technology development for the next wave of carriers.”

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

QatarEnergy eyes major LNG trading expansion

State-owned LNG giant QatarEnergy aims to increase trading of non-Qatari physical LNG volumes to 30 to 40 million tons by 2030, according to Qatar’s energy minister and chief executive of QatarEneergy, Saad Sherida Al-Kaabi.

China’s Hudong-Zhonghua delivers its 50th LNG carrier

Chinese shipbuilder Hudong-Zhonghua has delivered its 50th liquefied natural gas (LNG) carrier.

Samsung Heavy develops new FLNG concept

South Korean shipbuilding giant Samsung Heavy Industries has received approvals from three classification societies for its new multi-purpose FLNG concept.

Golden Pass LNG moving forward with commissioning activities

Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil, is moving forward with the commissioning work at its giant LNG export facility in Texas with new approval from the US FERC.