DOHA: QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second ship-owner tender under QatarEnergys historic LNG Fleet Expansion Program.
The agreements were signed today by Minister of State for Energy Affairs, President and CEO of QatarEnergy HE EngSaad bin Sherida Al Kaabi, and CEO of Nakilat EngAbdullah Al Sulaiti, in a special ceremony held at QatarEnergys headquarters in Doha.
Commenting on this occasion,Al Kaabi said: "These agreements firm up last month's selection of Nakilat as the owner and operator of up to 25 conventional-size LNG carriers, underscoring our continued confidence in Qatar's flagship LNG shipping and maritime company. This is a testament to Nakilat's world-class capabilities as well as to the significant contributions of Qatari-listed companies to our country's national economy."
For his part, Eng Al Sulaiti said he is proud of partnering with QatarEnergy to provide added value in the LNG transportation market as one of the active partners in meeting the requirements of expanding the North Field LNG, affirming the commitment to adopting the cutting-edge technologies and expert to ensure safe and reliable transportation of LNG from Qatar to the world.
On Feb. 11, 2024, QatarEnergy announced that it had co-opted Nakilat to be the owner and operator of vessels under long-term contracts. LNG carriers, each with a capacity of 174,000 cubic meters, will be 100 percent owned by Nakilat and will be leased to companies affiliated with QatarEnergy.
LNG carriers are poised to be built in shipyards in South Korea as part of Qatar Energy's historic fleet expansion program of LNG carriers, which primarily aims to meet the requirements of LNG expansion projects and increase its fleet of tankers.
