#Qatar to acquire up to 60 new LNG vessels - The Peninsula Qatar

Qatar to acquire up to 60 new LNG vessels - The Peninsula Qatar:

Minister of State for Energy Affairs and the President and CEO of Qatar Petroleum, H E Saad bin Sherida Al Kaabi, said yesterday that Qatar will be acquiring a substantial number of LNG vessels to transport the increased output of gas (the post-moratorium volumes). It may require up to 60 additional ships which will be depending on various factors.

H E Al Kaabi also said that it is still very fluid, and the exact number will become clearer with time as how many vessels will be required to transport the additional volume of nearly 50 million tonnes of LNG which will depend on customers’ destinations, size of contracts and vessels and many other factors.

“It should be between 50 and 60 vessels that we will require to transport the expanded output of LNG which will increase from 77 million tonnes per annum (mtpa) to 110mtpa by 2024. It will be very substantial number, but things will become clear with time,” said H E Al Kaabi in response to a question at a press conference held yesterday on the sidelines of the launch of TAWTEEN programme, a Qatar Petroleum initiative to enhance localising supply chain in the energy industry to support SMEs.