Doha, 22 April 2019
Qatar Petroleum today 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 from 77 million tons per annum (mta) to 110 mta starting in 2024.
In addition to addressing shipping requirements for the North Field Expansion Project, the tender 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.
Commenting on this occasion, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President & CEO of Qatar Petroleum, said ‘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. 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.’
Al-Kaabi said ‘This tender, along with 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 as we make 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 ship building 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 45 Q-Flex and Q-Max ships, the world’s largest LNG carriers, which constitute the backbone of Qatar’s LNG carrier fleet today.
Qatar Petroleum is an integrated national oil corporation responsible for the sustainable development of the oil and gas industry in the State of Qatar and beyond.
Qatar Petroleum’s activities encompass the entire spectrum of the oil and gas value chain locally, regionally, and internationally, and include the exploration, production, processing, marketing and sales of oil and gas, liquefied natural gas (LNG), natural gas liquids (NGL), gas to liquids (GTL) products, refined products, petrochemicals, fertilizers, steel and aluminum.
Qatar Petroleum is committed to contribute to a better future by meeting today’s economic needs, while safeguarding our environment and resources for generations to come. Thriving on innovation and excellence, Qatar Petroleum is bound to the highest levels of sustainable human, socio-economic, and environmental development.
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