Tuesday, April 23, 2019

"Qatar Launches Massive LNG Shipbuilding Program That Could Exceed 100 Ships"

That's massive.
The global fleet was around 525 LNG carriers at year-end 2018.
From gCaptain:
Qatar, the world’s second largest exporter of liquified natural gas, has taken its first firm steps in a massive LNG shipbuilding program that could exceed 100 newbuild LNG carriers over the next decade.

Qatar Petroleum on Tuesday issued an ‘invitation to tender’ to shipbuilders for the reservation of LNG ship construction capacity. The initial plan calls for the construction of 60 LNG carriers with the potential to exceed more than 100 ships over the next decade, according to Qatar Petroleum. Qatargas will execute shipbuilding program on behalf of Qatar Petroleum.

The newbuild program will support the shipping needs of Qatar’s North Field Expansion (NFE) Project and increase Qatar’s LNG production capacity from 77 million tons per year (mta) to 110 mta from in 2024....