$20 Billion LNG Carrier Order

Qatar Petroleum have made a huge statement this week by ordering 100 LNG Carriers at a cost of almost $20 billion. The state owned company has signed agreements with 3 major shipyards in Korea to carry out the construction of the vessels that will be delivered by 2027.

The move marks a major commitment to the LNG market despite some experts saying that it will take up to 2 years for the demand to return to pre-Covid levels.

The new vessels are to be used for the expansion of its local and international ventures as well as preplacing part of their existing LNG fleet.

Are you surprised at the timing of this move by QP? Is the future of energy LNG?

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