QatarEnergy announced that it has ordered the first batch of liquefied natural gas (LNG) shipbuilding orders from Korean shipyards.
The statement elaborated that the order consists of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI). This came as a part of the company’s historic shipbuilding program to satisfy its future LNG carrier requirements.
In this regard, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased to take this further step with DSME and SHI, which have built 23 Q-Flex and 14 Q-Max LNG vessels for Qatar as part of our previous LNG expansion project.”
“These orders, and those that will follow in the near future, constitute a significant part of our program to expand Qatar’s LNG fleet to meet the requirements of our LNG expansion projects, our existing fleet replacement, as well as our LNG trading arm,” Al-Kaabi added.
The statement added that the orders are within the framework of QatarEnergy’s declaration regarding the company’s ship construction options with the two Korean shipyards, according to its Reservation of Shipyard Capacity agreements which was signed in May 2020.