Daewoo Shipbuilding & Marine Engineering reported receiving the first order under the advance reservation agreement reached with Qatar in 2020 while saying that additional orders are expected in the future.
QatarEnergy is also linked to an order for LNG carriers at Hyundai Heavy Industries. KSOE said in a regulatory filing that it has won a contract valued at nearly $430 million to build two 174,000-cubic-meter LNG carriers.
QatarEnergy is planning a significant expansion of the shipping fleet to support its North Field Expansion Project.
Under the latest agreement, the Okpo Shipyard will build four LNG carriers each with a capacity of 174,000 cubic meters. The vessels will be equipped with a low-pressure dual-fuel propulsion engine (ME-GA) and re-liquefaction facility, which according to DSME will provide an eco-friendly ship that can significantly reduce air pollutant emissions. The ships will also have the latest technologies, including, the company’s smart ship solution.
The contract, which is valued at $850 million, calls for the four LNG carriers to be delivered by the first quarter of 2025. As part of the agreement, a Korean consortium consisting of H-Line Shipping, Pan Ocean, and SK Shipping will operate the vessels for QatarEnergy.