South Korean shippers eye deals for Qatari LNG newbuilds

South Korean shippers eye deals for Qatari LNG newbuilds
Illustration purposes only (Image courtesy of Qatargas)

Five South Korean shipping companies could partner up to secure liquefied natural gas transportation services for Qatar’s LNG production capacity expansion project. 

Citing industry sources, Yonhap News Agency, reported that Korea Line Corp, Pan Ocean, Hyundai LNG Shipping, SK Shipping and H-Line Shipping could form an alliance that would hold a joint presentation regarding Qatar’s expected LNG tankers demand.

Qatar is currently pushing forward with its North Field expansion project which involves the addition of four mega LNG trains that would push the country’s LNG production from 77 million to 110 million tons per annum by 2024.

To transport the additional volumes, Qatar Petroleum is set to place orders for 40 liquefied natural gas carriers by the end of this year with the total orders for newbuilds to reach 60.

South Korean shipbuilders are expected to secure the majority of orders for LNG newbuilds which prompted the shipping companies to try and secure vessel operating deals.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >