QatarEnergy, Korea's HHI sign $3.9 bln deal for 17 LNG carriers

HD Korea Shipbuilding & Offshore Engineering Co

27/09/2023 11:10

DUBAI, Sept 27 (Reuters) - QatarEnergy said on Wednesday
it had signed a 14.2 billion riyal ($3.90 billion) deal with HD
Hyundai Heavy Industries  329180.KS  for the South Korean firm
to supply it with 17 liquefied natural gas (LNG) carriers.
    The deal "will support (QatarEnergy's) expanding LNG
production capacity from the North Field LNG expansion and
Golden Pass LNG export projects as well as its long-term fleet
replacement requirements", the state-owned firm said in a
statement.
    Qatar's North Field Expansion plan will boost its position
as the world's top LNG exporter. It includes six LNG trains that
will ramp up Qatar's liquefaction capacity from 77 million
tonnes per annum (mtpa) to 126 mtpa by 2027.
    QatarEnergy had already contracted for 60 ships to be built
at Korean and Chinese shipyards in a first phase of its LNG ship
acquisition programme, and the 17 ships with HHI mark the start
of the programme's second phase, it said.
    ($1 = 3.6452 Qatar riyals)

 (Reporting by Yousef Saba; Editing by Jan Harvey)
 ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))