Sunday, May 31, 2020
Home /  Front  /  QP launches largest LNG shipbuilding programme in history

QP launches largest LNG shipbuilding programme in history

QP launches largest LNG shipbuilding 
programme in history

Tribune News Network
Qatar Petroleum (QP) on Monday launched the largest shipbuilding programme in the history of LNG industry with the issuance of an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project.
The NFE project will increase Qatar’s LNG production capacity from 77 million tonnes 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 US, which is under construction and is planned to start by 2024.
The tender also includes options for replacement requirements for Qatar’s existing LNG fleet.
“With this significant step, Qatar Petroleum embarks on another major LNG shipbuilding 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. This important initiative reinforces QP’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances,” Minister of State for Energy Affairs, President and CEO of Qatar Petroleum HE Saad Sherida al Kaabi said.
“This tender, along with the recently released Engineering, Procurement and Construction tender for four new mega LNG trains planned as part of the NFE Project, constitute two monumental and historical milestones as we make major strides in our commitment to the further development of the world’s largest non-associated gas field,” Kaabi added.
QP has entrusted Qatargas to execute this LNG ship- building programme on its behalf. As the World’s Premier LNG Company, Qatargas has an established history of safely and successfully delivering such major projects.
This includes the previous campaign that resulted in the construction of 45 Q-Flex and Q-Max ships, the world’s largest LNG carriers, which constitute the backbone of Qatar’s LNG carrier fleet today.