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QATAR PETROLEUM LEADS NEW GAS CARRIER DESIGN PROJECT

QATAR PETROLEUM LEADS NEW GAS CARRIER DESIGN PROJECT

Friday, March 12, 2021 

Qatar Petroleum and several international LNG players, including LNT Marine, ABS, and Shanghai Waigaoqiao Shipbuilding (SWS) have signed a multi-party agreement with to collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs.

The agreement paves the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilising the LNT A-Box LNG cargo containment system. Other signatories to the Agreement include Qatargas and affiliates of ConocoPhillips, ExxonMobil, Shell and Total.

The A-Box containment system is a new design that has recently been deployed on the 45,000m3 new built ABS-classed vessel Saga Dawn, which entered service in the second quarter of 2020.

HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of Qatar Petroleum, said: “We are pleased to collaborate with LNT Marine, ABS, and SWS to introduce new designs utilising innovative technologies to the LNG shipping industry. With this signing, Qatar Petroleum reaffirms its commitment to the continuous improvement of the LNG industry by supporting new concepts and encouraging innovation in areas that benefit the industry as a whole, in a safe and economic manner. Competition is critical for technology advancement, and we are pleased to play an active role in this regard with our industry partners.”

LNG cargo containment systems have experienced few improvements over the past decades. LNT Marine develops gas carriers and cryogenic insulation system technology for marine applications. LNT A-Box is claimed to introduces a step change in LNG containment systems and demonstrate potential to improve LNG transportation economics.

David Wu, LNT Marine Founder and Chairman, said: “We are very pleased to cooperate with Qatar Petroleum and other market leaders in the LNG industry, to support new technology development for the next wave of LNG carriers. Based on our decade of hard work and today’s cooperation with Qatar Petroleum, Qatargas and the other distinguished international partners, including ABS and SWS, we have confidence in our ability to develop state-of-the-art LNG carrier designs with the LNT A-Box containment system to accommodate the future shipping requirements of the LNG industry.”

“ABS has a proud track record of supporting innovation in gas carrier development and we are delighted to be able to add this exciting project to that list,” said Patrick Janssens, ABS VP Global Gas Solutions.

SWS is a subsidiary of China State Shipbuilding Corporation with experience in vessel and offshore structure construction.​

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