Qatar reserves 100 plus LNG berths worth over $18bn at South Korean yards

Producer Qatar Petroleum has signed a deal worth over QAR 70bn ($18.75bn) with South Korea's big three shipbuilders to secure berths for over 100 LNG carrier newbuildings.

Announcing the potential value and size of the much-anticipated agreement today, the Qatari giant said DSME, Hyundai Heavy Industries and Samsung Heavy Industries will reserve a major portion of their LNG ship construction capacity for Qatar Petroleum through the year 2027.