July 21, 2024
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QatarEnergy Expands Fleet Further, Chater 19 More LNG Vessels

Saad Al Kaabi, Chief Executive Officer of Qatar Energy, has on Sunday announced the company has signed four agreements to charter 19 liquefied natural gas carriers from Asian ship operators as it prepares to ramp up output.

In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy, three vessels from MISC Berhad and four vessels from Kawasaki Kisen Kaisha and Hyundai Glovis.

In the first phases of its LNG ship acquisition programme, QatarEnergy had contracted for 77 ships to be built at Korean and Chinese shipyards.

QatarEnergy’s North Field expansion will boost its position as the world’s top LNG exporter. It includes eight LNG trains that will ramp up Qatar’s liquefaction capacity from 77 million tons per annum (mtpa) to 142 mtpa by 2030, an 85% increase in production.

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