Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
LNG | Shipping

Qatar to start construction program for 100-plus LNG ships for 2024 output target

Agriculture | Grains | Electric Power | Nuclear | Oil | Crude Oil | Refined Products | Metals | Non-Ferrous | Shipping | Marine Fuels

Market Movers Europe, Nov 11-15: All eyes on the IEA's global energy outlook; conference week for shipping, grains and oil

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Electricity | Energy | LNG | Natural Gas | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

Infrastructure Summit

Bunker Fuel | Shipping | Marine Fuels

Iran holds state-sponsored plans responsible for VLCC attacks, writes to IMO

Qatar to start construction program for 100-plus LNG ships for 2024 output target

Dubai — Qatar Petroleum said Monday it has issued an invitation to tender for the construction of more than 100 LNG vessels to help meet its expected output increase to 110 million mt a year by 2024 from 77 million mt/year now.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The tender also includes shipping requirements for the offtake agreement of Ocean LNG, the Qatar Petroleum joint venture with ExxonMobil, from the Golden Pass terminal in the US, which is under construction and will be completed by 2024.

The shipping tender also includes options for replacing Qatar Petroleum's existing LNG fleet, which include 45 Q-flex and Q-Max ships.

"With this significant step, Qatar Petroleum is embarking on another major LNG ship-building campaign expected to initially deliver 60 LNG carriers in support of the planned production expansion, with a potential to exceed 100 new LNG carriers over the next decade," Minister of State for Energy Affairs and Qatar Petroleum CEO Saad a-Kaabi said in a statement. "This important initiative reinforces Qatar Petroleum's commitment to its global reputation as a safe and reliable LNG producer at all times and under all circumstances."

Top 10 LNG exporters and market share by country

Qatar plans to tap its offshore North Field, the world's largest gas field which it shares with Iran, to boost its LNG exports after lifting a 12-year moratorium on the development of the field in 2017.

Earlier this month, Qatar Petroleum invited bids for an engineering, procurement and construction contract for the North Field Expansion project.

The tender package was issued to three EPC consortiums: one comprising Japan's Chiyoda Corporation and France's Technip, another comprising Japan's JGC Corporation and South Korea's Hyundai Engineering & Construction, and a third comprising Italy's Saipem, McDermott Middle East and Taiwan's CTCI Corporation.

The EPC contract includes building four new LNG mega-trains, which can also produce LPG, a helium plant and supporting infrastructure. The contract is scheduled to be awarded in January 2020.

Qatar Petroleum agreed in February to build the Golden Pass LNG export terminal in Texas with a capacity to produce up to 16 million mt/year at a cost of over $10 billion.

Forecast LNG carrier deliveries

-- Dania Saadi, dania.el.saadi@spglobal.com

-- Edited by Jonathan Dart, newsdesk@spglobal.com