MOL orders three more LNG newbuilds for QatarEnergy charter

Japanese shipping company Mitsui O.S.K. Lines (MOL) now ordered a total of seven LNG carriers that will be chartered to QatarEnergy as part of its fleet expansion plan.

PHOTO: The North Field East LNG project will increase QatarEnergy's LNG production capacity from 77 million mt/year to 110 million mt/year. Qatargas

The vessels will be built at China’s Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2027.

QatarEnergy is ordering these LNG carriers as part of its North Field expansion project to increase its LNG production capacity from 77 million mt/year to 110 million mt/year.

Japan's Nippon Yusen Kaisha (NYK), Kawasaki Kisen Kaisha (K Line), Malaysia's MISC, and China LNG Shipping have also formed a consortium to charter 12 LNG carriers to QatarEnergy.

Seven of these vessels will be constructed by Hudong-Zhonghua Shipbuilding and five by South Korea's Hyundai Heavy Industries.

By Konica Bhatt

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