Qatar to Initiate 45 Contracts for LNG

Friday, December 15, 2006
Qatar will initiate 45 shipbuilding contracts for the largest liquefied natural gas (LNG) ships ever constructed, by Q1, 2007, the Gulf Times reported. Qatargas said the total value of the LNG tankers fleet Qatar planned to procure would exceed $11b. It said Qatar is taking LNG ship design to new level by introducing a 215,000m3 vessel, Q-Flex, and even a larger version, Q–Max, with a 265,000m3 capacity. The dimensions of the Q-Max vessels are approximately that of a modern Very Large Crude Carrier (VLCC). To drive Qatar’s LNG tankers acquisition, a high-level team has been set up. Called Qatar Ship Acquisition Team (QSAT), its mandate includes administration of competitive tenders to pre-qualify ship builders, owners and managers. Source: Gulf Times

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

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MISC Enters Thai Offshore O&G Market

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LNG

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

China Receives First American LNG Cargo

The first cargo of US liquefied natural gas (LNG) to target the world’s largest energy consumer arrived Monday at the Chinese port of Yantian in Shenzhen near Hong Kong.

Pakistan Mulls Second LNG Import Terminal

BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage

 
 
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