DUBAI - Qatar Petroleum (QP) said on Monday that it signed more than 70 billion Qatari riyals ($ 19.23 billion) with South Korea's "Big 3" shipyards to secure more than 100 billion ships. is.
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| Image Source: The Arabia Watch |
Agreements with Samsung and Hyundai Industries, Marine Engineering and Daewoo Shipbuilding will hold the maximum of LNG (Liquefied Natural Gas) shipbuilding capacity of the companies by 2027.
Under the agreement, described by the QP chief executive as the largest LNG shipbuilding program in history, the three companies will reserve a large portion of their LNG shipbuilding capacity for Qatar Petroleum through the year 2027.
“We have achieved approximately 60% of global LNG shipbuilding capacity through 2027 to meet the needs of our LNG carrier fleet over the next 7-8 years, with a program value of over 70 billion Qatar riyals 100+ Can reach new ships. Saad al-Kabi, QP's chief executive and Qatar's energy minister said.
QP, the state-run LNG manufacturer in the world's top supplier of fuels, wants to raise about 126 million tonnes per annum from today's 77 mtpa to 2027.
Kabi said the exploration work in the expanded North Field mega project has been confirmed to be over 1,760 trillion cubic feet.
On Monday he said that they are hoping full steam ahead with NFEP (North Field Expansion Project).
"This agreement will ensure our ability to support our expanded LNG production capacity and long-term repayment replacement requirements to meet the needs of our future LNG fleet."
Although plans to begin production from its new gas facilities were postponed until 2025, due to delays in the bidding process and the impact of coronavirus, Kabi told Reuters in April that his company plans to build six new LNG production Will not bring it back. Trains.
The CEOs of all three South Korean companies were cited in the QP release but did not release their own statements on the deals.
($ 1 = 3.6400 Qatar riyals)
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