Qatar makes massive LNG ship order

The purchase by Qatar Petroleum from three South Korean companies comes as oil prices continue to rise from the lows earlier in the year.
A man looks as the world's biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal April 1, 2008. The Qatari tanker, which was built to transfer LNG from Qatar to Europe and the U.S., is on her first trip ever from Qatar to Spain. REUTERS/Stringer (EGYPT) - GM1E44200C701
A man watches as the DUHAIL, a Qatari liquefied natural gas tanker billed as the biggest in the world, crosses through the Suez Canal, April 1, 2008. - REUTERS/Stringer
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

Qatar’s state-owned oil and gas company signed a massive deal with South Korean shipbuilders Monday.

Qatar Petroleum plans to buy more than 100 ships worth $19 billion from Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries Holdings and Samsung Heavy Industries, Reuters reported. The ships are for carrying liquefied natural gas and will arrive through 2027. It is the largest ever single order of such ships, according to the outlet.

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