Qatarenergy Expands LNG Fleet With Long-Term Contracts For New Vessels

2024-12-13 06:09:32

(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 13. QatarEnergy has selected a joint venture between Japan's Mitsui O.S.K Lines Ltd. (MOL) and China's COSCO shipping LNG investment (CSLNG) to own and operate six QC-Max size LNG vessels, Trend reports.

The vessels will be constructed by Hudong-Zhonghua Shipbuilding Group, a subsidiary of China State Shipbuilding Corporation (CSSC), in China.

This deal marks the final batch in QatarEnergy's ambitious shipbuilding program, which includes a total of 128 LNG vessels-104 conventional and 24 QC-Max ultra-modern ships. The long-term contracts were awarded during a ceremony at QatarEnergy's headquarters in Doha, attended by Qatar's Minister of State for Energy Affairs, His Excellency Mr. Saad Sherida Al-Kaabi, and senior executives from both MOL and CSLNG.

Minister Al-Kaabi emphasized the significance of the deal, stating,“This is the last batch of long-term shipowner contracts in our historic shipbuilding program, which will support QatarEnergy's LNG expansion projects and the replacement of parts of our existing fleet.”

The MOL-CSLNG joint venture had previously secured contracts for seven conventional LNG vessels in 2022, bringing its total to 13 long-term agreements under QatarEnergy's fleet expansion program. This new partnership is a key step in strengthening QatarEnergy's LNG transportation capabilities.

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