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    Japan's MOL signs charter deal with Qatar for 3 LNGCs

Summary

The vessels will be built at Hudong-Zhonghua Shipbuilding in China, and are scheduled for delivery in 2027.

by: Shardul Sharma

Posted in:

Complimentary, Natural Gas & LNG News, Asia/Oceania, Liquefied Natural Gas (LNG), Security of Supply, News By Country, Japan, Qatar

Japan's MOL signs charter deal with Qatar for 3 LNGCs

Japanese shipowner Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for three newbuilding LNG carriers (LNGCs) with QatarEnergy, it said on November 10. The vessels will be built at Hudong-Zhonghua Shipbuilding in China, and are scheduled for delivery in 2027.

MOL signed another long-term charter contract with QatarEnergy in April this year for four newbuilding LNG carriers.

QatarEnergy is undertaking the North Field Expansion project to increase its LNG production capacity. The project comprises Northe Field South and the North Field East expansion projects. It will start production in 2026 and add more than 48mn mt/yr to the world’s LNG supplies and raise Qatar’s LNG production capacity to 126mn mt/yr.

The ship-owner invitation to tender was launched by QatarEnergy in March 2021 to a large group of LNG ship owners for the chartering of LNG carriers for its future requirements.