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Qatar Petroleum will build LNG ships for billions of dollars in China

Qatar Petroleum has signed a contract with a Chinese yard that will build LNG ships for around USD 3 billion for the oil state ahead of 2027. As such, construction now begins on around 100 new LNG vessels.

Photo: Naseem Zeitoon/Reuters/Ritzau Scanpix

Oil state Qatar's oil company has secured large swaths of the capacity at Chinese yard Hudong-Zhonghua Shipbuilding for the years all way up until 2027.

The deal, which Qatar Petroleum has signed with the state-owned Chinese yard, covers the construction of a large number of LNG vessels set for delivery in the coming years.

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