QP launches largest LNG shipbuilding program
Qatar Petroleum (QP), the world’s largest LNG producer, has taken yet another stride that reaffirms its leading role in the global energy sector.
As part of its North Field Expansion (NFE) Project, Qatar’s state-owned oil and gas company, QP has issued an “invitation to tender” for the reservation of ship construction capacity required for the project's LNG carrier fleet.
The project will augment Qatar’s LNG production capacity from 77 million tons per annum (mta) to 110 mta beginning in 2024, according to a QP press release.
In the largest ship building program in the history of the LNG industry, Qatar Petroleum initiates LNG ship construction program for 100+ new LNG carriers#QP #QatarPetroleum #Qatarhttps://t.co/xGDl6hFqm4 pic.twitter.com/iVnFEeIqPo— Qatar Petroleum (@qatarpetroleum) April 22, 2019
While addressing shipping requirements for the North Field Expansion Project, the tender also covers shipping requirements for the LNG volumes that will be purchased and off-taken by Ocean LNG (a 70-30% joint venture between Qatar Petroleum and ExxonMobil) from the Golden Pass LNG export project in the United States, which is currently 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 ship-building 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,” said His Excellency the Minister of State for Energy Affairs Saad Sherida Al Kaabi, who is also the President & CEO of QP.
Qatar Petroleum issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase Qatar’s LNG production capacity to 110 mta tons per annum starting in 2024.#QNA pic.twitter.com/KmU7ZU3v9n— Qatar News Agency (@QNAEnglish) April 22, 2019
“This important initiative reinforces Qatar Petroleum’s commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances,” he added.
The tender, as well as the recently released Engineering, Procurement and Construction tender for four new mega LNG trains planned as part of the North Field Expansion Project, constitute two monumental and historical milestones, said HE the Minister adding that these are “major strides in our commitment towards the further development of the world’s largest non-associated gas field.”
Qatar Petroleum has entrusted Qatargas to execute this LNG shipbuilding program 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 as many as 45 Q-Flex and Q-Max ships, the world’s largest LNG carriers, which function as the backbone of Qatar’s LNG carrier fleet today.
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