Qatar Petroleum Signs $20 Billion World's Largest LNG Shipbuilding Order
Qatar Petroleum entered into three agreements for LNG ship construction with the Republic of Korea which when fully executed would result in the construction of more than 100 LNG carriers valued at nearly $20 billion.
Qatar believes that it has secured approximately 60 percent of the global LNG shipbuilding capacity for the next seven years, creating what it is calling the largest LNG shipbuilding program in history. Under the agreements, the three major Korean shipyards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) - will reserve through the year 2027 a major portion of their LNG ship construction capacity for Qatar Petroleum.
