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Qatar set to order up to 60 LNG Carriers

Saad bin Sherida Al-Kaabi, Qatari Minister of Energy and CEO of
Qatar Petroleum, confirmed the country’s intentions to order up to 60 new
LNG carriers.

Al-Kaabi confirmed the speculations that
the Middle Eastern nation would order the vessels at a press conference
held on the sidelines of the launch of TAWTEEN programme, according to The Peninsula.
He explained that Qatar was in advanced negotiations to order
between 50 and 60 gas carriers to transport the additional volume of
nearly 50 million tonnes of LNG, including the LNG output volume abroad.
Al-Kaabi added that the exact number of shipbuilding orders would be known at a
later time and depends on customers’ destinations, size of contracts and
vessels, and other factors.
Qatar’s LNG output is expected to increase by 43 percent from 77 million
tonnes per day (mtpa) to 110 mtpa by 2024.
Additionally, Al-Kaabi informed that international tenders would be
issued for the procurement of the vessels, while teams of experts have already
visited a number of shipbuilders as part of the preparations for placing
shipbuilding orders. 
He added that the vessels would not be built by local
shipyards because it would not be economically feasible.
Qatar Petroleum is expected to make a decision on the partners for the
LNG shipbuilding project by the end of the year, Al-Kaabi concluded.
During the event, Qatar Petroleum also signed preliminary deals worth
around USD 2.47 billion with oil services firms Schlumberger and Baker
Hughes in an effort to strengthen its energy industry and reduce reliance on
World Maritime News 

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