Page 5 - GLNG Week 24 2022
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GLNG COMMENTARY GLNG
valued at around $3-4bn, for the offshore scope concerns elsewhere increase its popularity, and
of NFE. QatarEnergy builds out its production capac-
The deal covered 13 wellhead platform top- ity, it has continued its push to develop the
sides, eight of which are for NFE and five for midstream capabilities required to cater to the
NFS, as well as connecting pipelines and the market.
shore approaches for the NFE pipelines, beach Last week, the company signed a $852mn
valve stations and buildings. Jackets and pipe- deal with South Korea’s Daewoo Shipbuilding
lines for the NFS project will be subject to a sep- & Marine Engineering (DSME) for four LNG
arate tender that is expected to be awarded later carriers under a $19bn fleet expansion project
this year. agreed that will see the NOC acquire up to 100
new vessels.
Broader preparations The ships, which are due to be delivered in
While Asian consumers have been signing 2025, will be dedicated to exporting LNG car-
long-term deals with Qatar – 16mn tpy of deals goes from NFE. This follows the long-term char-
lasting up to 20 years were signed in 2021 alone tering of four tankers in April and the placement
– Al Kaabi said that Qatari LNG has become an of a $770mn order with China’s Hudong-Zhong-
even hotter commodity. hua shipyard for four carriers in October.
“The tightness in the LNG market is now […] While Qatar has been merely a bystander to
But with NFE and NFS, we should have a lot of the geopolitical and economic factors that have
extra volumes. A lot of buyers are talking to us, brought about the current clamour for new
whether it is in Europe or Asia,” he said. sources of supplies, it could hardly have timed
As supply/demand dynamics and political its expansion better.
Week 24 17•June•2022 www. NEWSBASE .com P5
