• Sun. Oct 2nd, 2022

Oil & Gas Australia

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MISC And Consortium Partners Ink Landmark Deal With Qatarenergy For Seven Newbuilding LNG Carriers

Aug 10, 2022

MISC Berhad (MISC) through its wholly-owned subsidiary, Portovenere and Lerici (Labuan) Pte
Ltd (PLL), together with its consortium partners, namely Nippon Yusen Kabushiki Kaisha (NYK),
Kawasaki Kisen Kaisha, Ltd. (K-Line) and China LNG Shipping (Holdings) Limited (CLNG),
announced that they have been awarded landmark long-term time charter contracts by
QatarEnergy for seven newbuild Liquefied Natural Gas (LNG) carriers to be built by Hyundai Heavy
Industries Co., Ltd.

QatarEnergy is one of the world’s largest producers of LNG. Once delivered in 2025, the seven
newbuilding vessels will serve the needs of QatarEnergy in the transportation of LNG to various
countries around the world. These LNG carriers will be equipped with eco-efficient technologies
such as X-DF 2.1 engines with Intelligent Control by Exhaust Recycling (iCER) System and Air
Lubrication System, which will contribute to the reduction of greenhouse gas (GHG) emissions.
MISC’s President / Group Chief Executive Officer, Datuk Yee Yang Chien said, “MISC is proud to
be part of this multinational collaboration, combining together our decades of experience,
knowledge and expertise in the safe, efficient and reliable transportation of LNG to support
QatarEnergy’s aspirations. We remain committed towards promoting a sustainable future for the
LNG industry and we believe that strategic partnerships and collaboration remain the key to
achieving and maintaining the industry’s growth and success in the long term as we continue to
serve the energy-related needs of our customers all over the world.”

MISC is currently one of the largest single owner-operators of LNG tankers in the world with a
distinguished reputation for overall operational excellence, reliability, safety and on-time cargo
deliveries. At present, its Gas Assets & Solutions (GAS) fleet comprises 30 LNG carriers, six Very
Large Ethane Carriers (VLEC) and two LNG Floating Storage Units (FSUs) with a combined
deadweight tonnage (dwt) capacity of over two million tonnes.