Qatar Energy Company has concluded four agreements aimed at leasing 19 tankers to ship liquefied natural gas from Asian ship operators as part of its readiness to increase production. In light of this, Qatari Energy Minister Saad Al-Kaabi stated – at a ceremony held in Doha on Sunday – that my company “ China's CMES and Shandong Marine Group imported 6 ships each; The Malaysian company MASC supplies Qatar Energy with three tankers.

The project is a joint project between Kawasaki Kisen Kaisha and Hyundai Glovis, and the capacity of each tanker is about 174 thousand cubic meters. This came in conjunction with Qatar’s signing of these contracts, in addition to its great effort that aims to raise its production capacity during the year from the North Field to 142 million. tons by 2030, compared to 77 million tons currently, and Qatar is expected to need to charter more liquefied natural gas tankers. These expansion efforts are focused in light of Doha’s efforts to regain its dominance in the global liquefied natural gas market.

Qatar Energy Company signed a contract to lease 25 liquefied natural gas tankers from Qatar Gas Transport Company Limited, in addition to leasing contracts, as the Gulf state owns a fleet of liquefied natural gas tankers. Historical deals were signed during the year 2020, amounting to $22 billion with… Korean and Chinese shipbuilding companies.