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.