QatarEnergy Signs Time Charter Agreement with 3 International Companies for the Operation of 9 QC-MAX Size
DOHA, Qatar • 29 April 2024 – QatarEnergy signed long-term time charter party (TCP) agreements with three ship owners for the operation of nine new, ultra-modern LNG vessels as part of the QC-Max part of its historic LNG fleet expansion program.
The long-term TCP agreements cater for the operation of the vessels by affiliates of China Merchants Group, Shandong Marine Group, and China LNG Shipping (Holdings) Limited. All nine vessels will have a capacity of 271,000 cubic meters each.
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy signed three separate sets of agreements agreements with:
- Mr. Wang Yongxin, President of CMES, for the operation of four vessels,
- Mr. Li Maozhong, Chairman of Shandong Marine Energy for the operation of three vessels, and
- Mr. Cong Jian, General Manager of CLNG, for the operation of two vessels.
The agreements were signed today in a special ceremony held in Beijing, and attended by senior executives from QatarEnergy, QatarEnergy LNG, and the three shipowner companies. The signing ceremony was attended by Mr. Mohamed Abdullah Al-Dehaimi, Qatar’s Ambassador in the People’s Republic of China.
Commenting on this occasion, H.E. Minister Al-Kaabi said: “These nine vessels are part of QatarEnergy’s historic program to support our expanded LNG production capacity from the North Field, which will reach 142 million tons per annum by 2030, and which will also help meet our long-term fleet replacement requirements.”
H.E. Minister Al-Kaabi added: “Our partnerships with China’s shipbuilding industry and the esteemed shipowners, will ensure the long-term operation, deployment, and management of these vessels in a manner that maximizes their potential over decades to come. As we build this partnership, I am reminded of the trust and collaboration that characterizes our relationship, which I believe will continue to grow and flourish as we place more building blocks along the way.”
H.E. Al-Kaabi expressed confidence in the shipowners’ unique capabilities, which will ensure the operation of these vessels to the highest and most advanced safety, technical and environmental standards.
The nine vessels are part of 18 QC-Max LNG carriers that will be built in Hudong-Zhonghua shipyards in China.
QatarEnergy Signs Time Charter Agreement with 3 International Companies for the Operation of 9 QC-MAX Size
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Re: QatarEnergy Signs Time Charter Agreement with 3 International Companies for the Operation of 9 QC-MAX Size
QATARENERGY AND NAKILAT ENTER LONG-TERM AGREEMENT TO CHARTER AND OPERATE NINE “QC-MAX” CLASS LNG VESSELS
DOHA, Qatar • 8 May 2024 – QatarEnergy signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat) pursuant to which Nakilat will own and operate nine “QC-Max” class LNG vessels, the largest LNG vessels ever built.

The agreement was signed today by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy and Mr. Abdullah Al-Sulaiti, the CEO of Nakilat, in a special ceremony held at QatarEnergy’s headquarters in Doha, and attended by senior executives from QatarEnergy, QatarEnergy LNG, and Nakilat.
The nine QC-Max vessels, with a capacity of 271,000 cubic meters each, constitute half of the 18 advanced QC-Max class LNG vessels that will be constructed at China’s Hudong-Zhonghua Shipyard. To date, QatarEnergy’s fleet expansion program encompassed the execution of shipbuilding contracts and time charter agreements for 104 conventional LNG vessels and 18 QC-Max class LNG vessels, for a total of 122 ultra-modern vessels, with the first new ship expected to be delivered by the end of the third quarter of this year.
Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi said: “We are very proud to have Qatar’s flagship LNG shipping and maritime champion join a list of world-class shipowners operating our state-of-the-art QC-Max LNG vessels - the largest ever built. There is no doubt that this is another testament to Nakilat’s significant capabilities.”
His Excellency Minister Al-Kaabi added: “With last month’s signing of the industry’s largest single shipbuilding contract ever, QatarEnergy is pushing ahead with the implementation of its historic LNG vessel expansion program with full confidence that Nakilat and our selected international shipowners will ensure that our fleet is operated to the highest and most advanced safety, technical and environmental standards.”
Today’s long-term agreement follows February’s selection of Nakilat as the owner and operator of 25 conventional-size LNG vessels. It also follows the signing of similar agreements in Beijing with three Chinese ship owners for the operation of nine new QC-Max class LNG vessels as part of QatarEnergy’s historic LNG fleet expansion program, which will cater for QatarEnergy’s future requirements, as it moves forward with the expansion of its LNG production capacity from the North Field to 142 million tons per annum by 2030.
DOHA, Qatar • 8 May 2024 – QatarEnergy signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat) pursuant to which Nakilat will own and operate nine “QC-Max” class LNG vessels, the largest LNG vessels ever built.

The agreement was signed today by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy and Mr. Abdullah Al-Sulaiti, the CEO of Nakilat, in a special ceremony held at QatarEnergy’s headquarters in Doha, and attended by senior executives from QatarEnergy, QatarEnergy LNG, and Nakilat.
The nine QC-Max vessels, with a capacity of 271,000 cubic meters each, constitute half of the 18 advanced QC-Max class LNG vessels that will be constructed at China’s Hudong-Zhonghua Shipyard. To date, QatarEnergy’s fleet expansion program encompassed the execution of shipbuilding contracts and time charter agreements for 104 conventional LNG vessels and 18 QC-Max class LNG vessels, for a total of 122 ultra-modern vessels, with the first new ship expected to be delivered by the end of the third quarter of this year.
Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi said: “We are very proud to have Qatar’s flagship LNG shipping and maritime champion join a list of world-class shipowners operating our state-of-the-art QC-Max LNG vessels - the largest ever built. There is no doubt that this is another testament to Nakilat’s significant capabilities.”
His Excellency Minister Al-Kaabi added: “With last month’s signing of the industry’s largest single shipbuilding contract ever, QatarEnergy is pushing ahead with the implementation of its historic LNG vessel expansion program with full confidence that Nakilat and our selected international shipowners will ensure that our fleet is operated to the highest and most advanced safety, technical and environmental standards.”
Today’s long-term agreement follows February’s selection of Nakilat as the owner and operator of 25 conventional-size LNG vessels. It also follows the signing of similar agreements in Beijing with three Chinese ship owners for the operation of nine new QC-Max class LNG vessels as part of QatarEnergy’s historic LNG fleet expansion program, which will cater for QatarEnergy’s future requirements, as it moves forward with the expansion of its LNG production capacity from the North Field to 142 million tons per annum by 2030.
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