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QatarEnergy has awarded a consortium of four Asian shipping companies a long-term time charter for the operation of seven liquefied natural gas carriers to secure capacity to support the expansion of its LNG operations.  It is the latest in a series of deals as the shipping industry faces a shortage of gas carriers to meet current demand.  This $1.5 billion contract forms part of a long-term LNG $28.7 billion expansion project that seeks to increase annual LNG production and exports from 77 million tonnes to 110 million tonnes, ensuring that Qatar becomes the single largest exporter of LNG.

Hyundai Gets $1.5B LNG Order as Qatar Awards Charter to Asian Partners

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QatarEnergy has awarded a consortium of four Asian shipping companies a long-term time charter for the operation of seven liquefied natural gas carriers to secure capacity to support the expansion of its LNG operations.  It is the latest in a series of deals as the shipping industry faces a shortage of gas carriers to meet current demand.  This $1.5 billion contract forms part of a long-term LNG $28.7 billion expansion project that seeks to increase annual LNG production and exports from 77 million tonnes to 110 million tonnes, ensuring that Qatar becomes the single largest exporter of LNG.

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