Qatar supplies the Swinoujscie terminal in Poland
Qatar orders first quarter of Chinese LNG tankers
The world’s largest LNG exporter has taken the first step in its vast fleet expansion
State-owned Qatar Petroleum (QP) has ordered four LNG carriers from Chinese shipbuilder Hudong, a subsidiary of China State Shipbuilding Corporation, as the first step in its plans to significantly expand its capabilities ahead of its North Field East (NFE) expansion. But the initial order represents just a quarter of the capacity it potentially has reserved with Hudong, while it has still to kick off a far bigger option with yards in South Korea. QP values the deal for the four ships confirmed with Hudong at QAR2.8bn ($760mn). It signed a deal with the Chinese firm in April 2020 to reserve capacity out to 2027 that could total in excess of QAR11bn, “depending on [QP’s] requirements and the
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
