Qatar Petroleum President and Chief Executive Saad bin Sherida Al-Kaabi said that Qatar had delayed commercial bidding deadlines for its LNG expansion plans but contracts would still be awarded in 2020 as he saw the market rebounding and the Gulf nation's own shipments would keep flowing.

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Qatar Petroleum said it had started a development drilling campaign for the North Field project that will underpin the feed-gas needs for the LNG expansion at Ras Laffan from 77 million tonnes per annum to 110 MTPA.

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Hyundai Heavy Industries Group said its shipbuilding units swung back to profit in the third quarter because of increased sales of high-value liquefied natural gas carriers to shipping companies around the world and as more shipyard berths are set to be booked for the next couple of years for LNG projects in nations such as Qatar and Mozambique.

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