QatarEnergy inks $4bn LNG carrier deal with Korea’s HD Hyundai


QatarEnergy has signed an agreement with Korea’s HD Hyundai Heavy Industries (HHI) for the construction of 17 ultramodern liquefied natural gas (LNG) carriers.

Valued at $3.79bn (SAR 14.2bn), the deal marks the start of the second phase of QatarEnergy’s LNG ship acquisition programme, which will support its expanding LNG production capacity from the North Field LNG expansion and Golden Pass LNG export projects as well as its long-term fleet replacement requirements, according to a statement.

In addition to the 60 ships that were contracted for by the company in the first phase of the programme – which are to be built at Korean and Chinese shipyards – the new deal brings the total number of confirmed new LNG vessels to be delivered to QatarEnergy and its affiliates to 77.

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