Qatar Gas Transport Co said
it will lease 10 South Korean-built liquefied natural gas (LNG) carriers, bringing the size of its carrier fleet
The company said it signed a contract with Qatar Liquefied Gas Co to acquire seven 'QFlex' carriers and three 'QMax' carriers on 25-year lease.
The 10 vessels, which will be constructed by Daewoo Shipbuilding and Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries (010140.KS)
, will enter service in January 2009, QGTC managing director Muhammad Ghannam said in the statement.
Although the value of the contract was not specified, QGTC chairman Faisal al-Suwaidi said in May the company intends to invest a total of 16 bln usd to have a fleet of 61 carriers by 2010. (Source: Forbes)