MISC consortium signs charter deal for 5 LNGCs with Qatargas
Malaysia’s MISC and its consortium partners, Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha (K-Line) and China LNG Shipping, have been awarded long-term time charter contracts by QatarEnergy for five additional newbuild LNG carriers to be built by China’s Hudong-Zhonghua Shipbuilding, MISC said on November 3.
Together with the seven long-term time-charter contracts secured earlier in August, this brings 12 newbuilding LNG carriers awarded by QatarEnergy to the consortium.
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These LNG carriers will be equipped with eco-efficient technologies such as X-DF 2.1 engines with Intelligent Control by Exhaust Recycling (iCER) system, which will reduce greenhouse gas emissions, MISC said.
These 174,000 m3 LNG carriers are expected to be delivered commencing 2025.
QatarEnergy is working on the $28.75bn North Field East expansion project with Shell, Italy’s Eni, French major TotalEnergies and US majors ExxonMobil and ConocoPhillips. The project will increase Qatar's total LNG export capacity to 110mn mt/yr by 2026.
Two more trains at North Field South will take Qatar's LNG export capacity to 126mn mt/yr by 2027.