QatarEnergy awards first batch of LNG ship-owner contracts

QatarEnergy has signed a series of time-charter parties (TCPs) with a subsidiary of Mitsui OSK Lines (MOL) for the long-term charter and operation of 4 LNG ships, constituting the first batch of TCPs awarded under QatarEnergys massive LNG shipping programme.
Concurrent with the signing of the TCPs, back-to-back LNG carrier shipbuilding contracts were signed between MOL and Hudong-Zhonghua Shipbuilding Group (Hudong), a subsidiary of China State Shipbuilding Corporation (CSSC), for the construction of four new LNG carriers to serve QatarEnergys LNG growth projects and future fleet requirements.
Minister of State for Energy Affairs HE Saad Sherida Al Kaabi, who is also the President and CEO of QatarEnergy, said: “These contracts mark the start of the construction phase of QatarEnergys historic fleet expansion program in support of our LNG expansion projects. We are pleased to be working with our reliable business partners from China and Japan, namely: MOL, Hudong, and CSSC to take this important step together.”