QatarEnergy places LNG ship orders with Korean shipyard

QatarEnergy placed the first batch of LNG shipbuilding orders with Korean shipyards consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI), as part of QatarEnergy’s historic shipbuilding program to meet its future LNG carrier requirements.

The orders came in the form of QatarEnergy’s declaration of its ship construction options with the two Korean shipyards under its Reservation of Shipyard Capacity agreements signed in May 2020.

The North Field expansion projects will increase Qatar’s LNG production capacity from 77 million tons per annum to 126 million tons per annum by 2027. QatarEnergy’s LNG carrier fleet program is the largest of its kind in the LNG industry and is designed to meet the shipping requirements of QatarEnergy’s LNG expansion projects, as well as replacing part of Qatar’s existing LNG fleet.