Daewoo to build four LNG vessels for Qatar

South Korea

SEOUL, June 9, 2022 – Daewoo Shipbuilding & Marine Engineering has signed a USD 852-million contract with a Korean consortium to build four LNG carriers destined for QatarEnergy’s North Field Expansion project, the Korean shipbuilding company announced on Tuesday.

The four 174,000-cubic-metre newbuild vessels will be built at the company’s Okbo shipyard on Geoje Island, South Korea, and delivered in Q1 2025.

The consortium consists of SK Shipping, Pan Ocean and H-Line Shipping.

In 2020, QatarEnergy signed contracts with Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries for reserve slots for vessel construction for the North Field Expansion project.

QatarEnergy completed its FID for the first phase of the USD 28.75 billion project, which will see the country increase its LNG production capacity to 110 million tonnes per year with the addition of four trains, each with a capacity of 8 million tonnes per year.

Qatar intends to create the world’s largest LNG carrier fleet under its current programme.

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