QatarEnergy announced that it signed an agreement with Korea’s HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers.
As explained, the deal, valued at 14.2 billion Qatari Riyals, marks the start of the second phase of QatarEnergy’s LNG ship acquisition program, which will support its expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects as well as its long-term fleet replacement requirements.
Together with the 60 ships that were contracted for by QatarEnergy in the first phase of the program, which will be built at Korean and Chinese shipyards, today’s agreement brings the total number of confirmed new LNG vessels to be delivered to QatarEnergy and its affiliates to 77, with more to follow.
Furthermore, the agreement was signed by H.E. Minister Al-Kaabi and Mr. Ka Sam-hyun , the Vice Chairman & CEO of HD Korea Shipbuilding & Offshore Engineering (KSOE).
This is another milestone in our long-term relationship with HD Hyundai Heavy Industries and the Korean shipbuilding industry in general, which is built on the strong and strategic partnership between the State of Qatar and the Republic of Korea.
..said Commenting on this occasion, H.E. Minister Al-Kaabi.
We value our partnership with Qatar, and we are very proud of taking part in the world’s largest LNG new build project. We firmly believe that this opportunity will further consolidate the long-standing cooperative relationship between our two countries and companies. ..said On his part, Mr. Ka Sam-hyun.
