QP ISSUES TENDER INVITE TO SHIP OWNERS TO SECURE LONGTERM LNG CARRIER CHARTERS The ITT package also includes options to replace charters for several of Qatar's LNG carriers that are set to expire in the next few years. Qatar Petroleum (QP) issued an 'Invitation to Tender' (ITT) to several large liquefied natural gas (LNG) ship owners in March. The ITT is intended to secure the chartering of LNG carriers for the future shipping requirements of QP and its subsidiaries. This includes its ongoing expansion projects in the North Field, which will raise Qatar’s LNG production capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027. In addition to the North Field
Expansion Project, the ITT package also covers the requirements for the LNG volumes that will be produced from the Golden Pass LNG export project in the United States. It also includes options to replace charters for a number of Qatar's LNG carriers that will expire in the next few years. Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QP, and Chairman
of the Qatargas Board of Directors, said, “The release of this ITT package reflects the steadfast progress Qatar Petroleum is making on the expansion of our LNG production capacity both in Qatar and abroad.”
126 MTPA Qatar will increase its LNG production capacity from the current 77 million tonnes per annum (mtpa) to 126 mtpa by 2027, requiring additional LNG carriers.
“The release of this ITT package is a major milestone in our efforts towards securing the most qualified ship owners and operators for our future LNG carrier fleet.” - His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors.
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