Page 13 - GLNG Week 15 2022

GLNG MIDDLE EAST GLNG

QatarEnergy awards contracts

under expansion drive

INVESTMENT STATE-OWNED QatarEnergy this week from China and Japan, namely: MOL, Hudong
announced the award of contracts under its and CSSC to take this important step together.”
$19bn LNG tanker fleet expansion project, while He added: “We look forward to announcing
reports emerged about deals for upcoming oil- many more such contracts in the near future in
field studies. our relentless pursuit to ensure a reliable supply
The Qatari company said it had signed of additional clean energy to the world.”
time-charter parties (TCP’s) with a subsidiary The awards come as Doha ramps up work
of Mitsui O.S.K Lines (MOL) for “the long-term on the $30bn North Field Expansion project
charter and operation of four LNG ships”, the first which aims to expand the country’s liquefaction
batch of TCPs awarded under its programme to capacity from 79mn tonnes per year currently to
acquire up to 100 new carriers in the largest fleet 110mn tpy by 2025 or 2026 under North Field
expansion in the history of the LNG sector. East (NFE), with the addition of North Field
Back-to-back LNG carrier shipbuilding South (NFS) raising capacity to 126mn tpy by
contracts were then signed between MOL 2027. It is the world’s single largest LNG project.
and Hudong-Zhonghua Shipbuilding Group Meanwhile, reports emerged this week
(Hudong), a subsidiary of the state-owned China suggesting that QatarEnergy had awarded
State Shipbuilding Corp. (CSSC), for the con- UK-based Wood Group a significant front-end
struction of four new LNG carriers. engineering and design (FEED) contract for the
In October, QatarEnergy placed a direct expansion of the offshore Bul Hanine and May-
order with Hudong-Zhonghua worth more than dan Mahzam oilfields.
$770mn for the first four LNG carriers under the Speaking to Upstream, a source said that the
programme, marking the Qatari firm’s first order extensive FEED contract would run for up to 22
from a Chinese shipyard following an April 2020 months and cover the upgrade of offshore pro-
agreement with Hudong to reserve ship con- duction stations PS-2 and PS-3.
struction capacity. Bul Hanine and Maydan Mahzam are two
Qatari Minister of State for Energy Affairs of six fields that feed into the Qatar Marine
and president and CEO of QatarEnergy HE Saad stream, which at 245,000 barrels per day (bpd)
Sherida Al-Kaabi said: “These contracts mark the places the field group third behind the offshore
start of the construction phase of QatarEnergy’s Al-Shaheen, which has a capacity of around
historic fleet expansion programme in support 600,000 bpd, and Qatar Land – comprising the
of our LNG expansion projects. We are pleased Dukhan-Khatiyah, Fahahil, Jaleha/Diyab assets
to be working with our reliable business partners – which maxes out at 335,000 bpd.™

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