#Qatar Petroleum launches largest ship building programme in the history of LNG industry - The Peninsula Qatar

Qatar Petroleum launches largest ship building programme in the history of LNG industry - The Peninsula Qatar:

Qatar Petroleum today issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase Qatar’s LNG production capacity from 77 million tons per annum (mta) to 110 mta starting in 2024.

In addition to addressing shipping requirements for the North Field Expansion Project, the tender covers shipping requirements for the LNG volumes that will be purchased and offtaken by Ocean LNG (a 70%-30% joint venture between Qatar Petroleum and ExxonMobil) from the Golden Pass LNG export project in the United States, which is currently under construction and is planned to start by 2024. The tender also includes options for replacement requirements for Qatar’s existing LNG fleet.

Commenting on this occasion, H E Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of Qatar Petroleum, said: “With this significant step, Qatar Petroleum embarks on another major LNG ship-building campaign expected to initially deliver 60 LNG carriers in support of the planned production expansion, with a potential to exceed 100 new LNG carriers over the next decade.