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    NYK, partners to charter 7 LNGCs to QatarEnergy

Summary

NYK and its partners have also executed shipbuilding contracts with Korea’s Hyundai Heavy Industries Co.

by: Shardul Sharma

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

NYK, partners to charter 7 LNGCs to QatarEnergy

Japanese shipping firm NYK and its joint venture partners have signed a long-term time-charter contract with QatarEnergy, the state energy company of Qatar, for seven LNG carriers (LNGCs), NYK said on August 10.

NYK and its partners - K Line, MISC and China LNG Shipping - have also executed shipbuilding contracts for the seven 174,000 m3 LNGCs with Korea’s Hyundai Heavy Industries Co. The delivery is expected in 2025 and 2026. 

These seven vessels will be equipped with an X-DF 2.1 iCER and air lubrication system, both of which will contribute to a reduction of emissions and an improved environmental impact, NYK said.

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.