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Qatar Petroleum signs agreement to develop LNG carrier designs

Qatar Petroleum signs agreement to develop LNG carrier designs
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Mubasher: Qatar Petroleum has signed an agreement with LNT Marine, the American Bureau of Shipping (ABS), and Shanghai Waigaoqiao Shipbuilding (SWS), to develop new medium and large liquefied natural gas (LNG) carrier designs.

The agreement was also signed by Qatargas and affiliates of ConocoPhillips, ExxonMobil, Shell, and Total, according to the company’s statement on Wednesday.

Qatar Petroleum said that the agreement facilitates the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs.

Competition is critical for technology advancement, and we are pleased to play an active role in this regard with our industry partners,” said Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs, President and CEO of Qatar Petroleum.