Qatar Petroleum tenders for LNGCs

Thursday, 01 April 2021
Free Read

Qatar Petroleum (QP) has issued an ‘Invitation to Tender’ (ITT) to charter in LNGCs for its future LNG shipping requirements.

It was issued to a large group of LNG shipowners, QP said.

QP’s future shipping requirements include serving the ongoing expansion projects in the North Field, which will raise Qatar’s LNG production capacity from 77 mill tonnes per annum to 126 mill tonnes per annum by 2027.

In addition to the North Field Expansion Project, the ITT also covers the shipping requirements for LNG volumes that will be produced from the US Golden Pass LNG export project, operated by QP.

Furthermore, it includes options to replace timecharters for a number of Qatar’s LNGCs that are due to expire in the next few years.

HE Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and QP’s President and CEO, said, “The release of this ITT package reflects the steadfast progress Qatar Petroleum is making on the expansion of our LNG production capacity both in Qatar and abroad.”

Upon receiving the tender responses, QP said that it would review the bidders’ technical and commercial capabilities with the objective of assigning selected shipowners to the shipyards’ construction slots, which were reserved at a number of Chinese and South Korean shipyards several months ago.

Minister Al-Kaabi added, “As we have previously announced, Qatar Petroleum entered into agreements with major South Korean and Chinese shipyards to reserve LNG ship construction capacity for building as many as 100 new LNG carriers to cater for the needs of North Field Expansion Project, as well as for Qatar Petroleum’s future LNG carrier fleet requirements, in what will be the largest LNG shipbuilding programme in history.

“The release of this ITT package is a major milestone in our efforts towards securing the most qualified shipowners and operators for our future LNG carrier fleet,” he said.

Qatargas will manage the shipowner selection programme on QP’s behalf.

Related Video

Free Read