Qatar LNG Chinese Deal
It would appear that China ha s nailed down most of Qatar's vast near future output of natural gas from the Qatar North Field. A USD 3 Billion deal was signed this week (1). “Qatar’s energy minister and the CEO of Qatar petroleum [QP], Saad Sherida Al-Kaabi signed the deal, potentially worth more than 11 billion Qatari riyals ($3 billion) during a virtual ceremony. on Wednesday with Lei Fanpei, the Chairman of CSSC. Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation will construct potentially over sixty 174,000 m 3 LNG carriers. QP’s LNG carrier fleet program is the largest of its kind in the history of the LNG industry and will reserve a major portion of Hudong’s LNG ship construction capacity through to 2027. Al-Kaabi said that by entering this deal QP is on “the right track in ensuring that the company’s future fleet requirements will be met in due time to support its increasing LNG production capacity”. QP recently launched a drilling campaign f