QLG to acquire 5 new LNG tankers

SEOUL — Daewoo Shipbuilding Marine Engineering Company will build five large Liquefied Natural Gas (LNG) tankers valued at $1.20 billion for Qatar Liquefied Gas, which is a joint venture between Exxon Mobil Corporation and state-run Qatar Petroleum.

By (WAM)

Published: Tue 2 Aug 2005, 10:37 AM

Last updated: Thu 2 Apr 2015, 4:11 PM

A Daewoo spokesman said yesterday that the latest deal has brought the total number of LNG tankers it has secured to nine out of 20 large LNG tankers for Qatar Liquefied Gas since last year.

In a separate order, Daewoo has also signed a contract with a Greek Shipping Company for construction of two very large gas carriers for $192 million. As a result, Daewoo's total order book so far this year amounted to 32 vessels for $4.99 billion.

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