Qatar Petroleum has issued an invitation to tender for the construction of more than 100 LNG vessels over the next ten years.
The company’s latest decision comes as extra shipping capacity is required for its North Field Expansion (NFE) Project, which will increase its LNG production to 110 metric tonnes per annum starting in 2024.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Qatar Petroleum’s tender also covers shipping requirements for the LNG volumes that will be purchased and offtaken by Ocean LNG from the Golden Pass LNG export project in the US, with operations expected to start by 2024.
Ocean LNG is a joint venture between Qatar Petroleum (70%) and ExxonMobil (30%).
The tender includes options for replacement requirements for Qatar Petroleum’s existing LNG fleet, which include 45 Q-flex and Q-Max ships.
Qatar Petroleum president and CEO Saad Sherida Al-Kaabi 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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“This important initiative reinforces Qatar Petroleum’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances.”
LNG company Qatargas will execute the LNG shipbuilding programme on behalf of Qatar Petroleum.
Al-Kaabi further added: “This tender, along with the recently released engineering, procurement and construction tender for four new mega LNG trains planned as part of the North Field Expansion Project, constitute two monumental and historical milestones as we make major strides in our commitment towards the further development of the world’s largest non-associated gas field.”
