Qatar Gas Transport to acquire another LNG carrier
Posted: 06 November 2006
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Qatar Gas Transport Company Ltd. (Nakilat) has executed a shipbuilding contract for another QMax LNG Carrier. This brings to 17 the number of LNG Carriers that Nakilat has ordered for this year.
The QMax vessels, with a capacity of approximately 265,000 cubic metres and a delivered cost in the region of $300 million, are the largest size of LNG carrier to be ordered.
In addition to these 17 LNG carriers of which QGTC will own 100%, the company owns 30-60% in another 28 LNG carriers delivered or on order to service Qatar LNG projects.
According to Muhammad Ghannam, QGTCÿs Acting Managing Director, this new vessel will be ordered from Korean shipyard, Samsung Heavy Industries. The state-of-the art vessel, once delivered from the shipyard, is expected to be placed on long term charter to RasGas 3.
´This new vessel is a further step towards our ambitions to make QGTC the world's largest LNG shipowner,¡ Ghannam said. ´We expect to order more vessels over the next six months. The vessel will incorporate the latest technology for safe, reliable and cost-effective transportation of LNG over many years and, along with the other vessels ordered this year, is the result of several years of engineering design work and testing.¡
The ship will be powered by twin slow speed diesel engines and will have full scale on-board re-liquefaction plants which maximize LNG deliveries. Modification of existing shore side technology to onboard use allowed the vessels to use more efficient slow speed diesel and depart from the traditional but less efficient steam turbine. |
