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South Korean shipbuilders, including Hyundai Heavy Industries, Hanwha Ocean Company, and Samsung Heavy Industries, are finalizing a $9.4 billion contract to construct 40 liquid natural gas (LNG) carriers for Qatar. The deal, to be signed between September and October, allocates 16 orders to Samsung, 14 to Hanwha, and 10 to HD Hyundai. Each vessel is estimated at $250 million, and negotiations are underway for construction details. This marks the second LNG carrier agreement between South Korean firms and Qatar, with a previous deal in 2021 encompassing 54 orders.

Qatar Ordering Over $9B of LNG Carriers from Three South Korean Companies

South Korean shipbuilders, including Hyundai Heavy Industries, Hanwha Ocean Company, and Samsung Heavy Industries, are finalizing a $9.4 billion contract to construct 40 liquid natural gas (LNG) carriers for Qatar. The deal, to be signed between September and October, allocates 16 orders to Samsung, 14 to Hanwha, and 10 to HD Hyundai. Each vessel is estimated at $250 million, and negotiations are underway for construction details. This marks the second LNG carrier agreement between South Korean firms and Qatar, with a previous deal in 2021 encompassing 54 orders.

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