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Qatar Energy News
QATARENERGY SIGNS AGREEMENTS FOR THE OPERATION OF 9 QC-MAX SIZE LNG VESSELS
The long-term TCP agreements cater for the operation of the vessels by affiliates of China Merchants Group, Shandong Marine Group, and China LNG Shipping (Holdings) Limited.
QatarEnergy signed long-term time charter party (TCP) agreements with three ship owners for the operation of nine new, ultra-modern LNG vessels as part of the QC-Max part of its historic LNG fleet expansion program. All nine vessels will have a capacity of 271,000 cubic meters each.
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy signed three separate sets of agreements with:
- Mr. Wang Yongxin, President of CMES, for the operation of four vessels,
- Mr. Li Maozhong, Chairman of Shandong Marine Energy for the operation of three vessels, and
- Mr. Cong Jian, General Manager of CLNG, for the operation of two vessels.
The agreements were signed in a special ceremony held in Beijing, and attended by senior executives from QatarEnergy, QatarEnergy LNG, and the three shipowner companies. The signing ceremony was attended by Mr. Mohamed Abdullah Al-Dehaimi, Qatar’s Ambassador in the People’s Republic of China.
Commenting on this occasion, H.E. Minister Al-Kaabi said: “These nine vessels are part of QatarEnergy’s historic program to support our expanded LNG production capacity from the North Field, which will reach 142 million tons per annum by 2030, and which will also help meet our long-term fleet replacement requirements.”
Commenting on this occasion, H.E. Minister Al-Kaabi said: “These nine vessels are part of QatarEnergy’s historic program to support our expanded LNG production capacity from the North Field, which will reach 142 million tons per annum by 2030, and which will also help meet our long-term fleet replacement requirements.”
