QatarEnergy, Korea's HHI Sign $3.9 Billion Deal for 17 LNG Carriers
(Reuters) — QatarEnergy said on Wednesday it had signed a 14.2 billion riyal ($3.90 billion) deal with HD Hyundai Heavy Industries for the South Korean firm to supply it with 17 LNG carriers.
The deal "will support (QatarEnergy's) expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects as well as its long-term fleet replacement requirements", the state-owned firm said in a statement.
Qatar's North Field Expansion plan will boost its position as the world's top LNG exporter. It includes six LNG trains that will ramp up Qatar's liquefaction capacity from 77 million tonnes per annum (MTPA) to 126 MTPA by 2027.
QatarEnergy had already contracted for 60 ships to be built at Korean and Chinese shipyards in a first phase of its LNG ship acquisition program, and the 17 ships with HHI mark the start of the program’s second phase, it said.
($1 = 3.6452 Qatar riyals)
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Nigeria’s New Pipeline Project Is Never Done Until It Is Done
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Gas Pipeline Accident Sparks Fire in Crimea, Disrupting Supplies to Alushta, Officials Say
- Kurdish Oil Smuggling to Iran Flourishes
Comments