RasGas charters two LNG ships
Posted: 16 October 2003
RasLaffan Liquefied Natural Gas Company Limited (II) (RasGas II)
announced today that it has exercised the Time Charter Agreement
for two 145,000-m3 LNG vessels, to be built at Samsung Heavy Industries
for delivery in 2005. A joint venture company comprised of a consortium
between Mitsui OSK Line, Q-Ship NYK, and K-Line will own the vessels
and will bring the long term RasGas (II) chartered fleet to five
ships with one remaining option still to be exercised.
Under the terms of the Time Charters, RasGas will charter these
vessels for 25 years to deliver LNG from its facilities at Ras Laffan
Industrial City in Qatar to it’s growing portfolio of customers,
and to deliver cargoes into both the spot and dedicated trade market
as required. The first two of the five, the138,000-m3 Technigaz
MKIII containment system vessels are currently in their final stages
of construction at Samsung Heavy Industries’ Koje Shipyard
for delivery in January 2004.
H.E. Yousef H. Kamal, Minister of Finance and Chairman of RasGas,
commented by stating: “We are very pleased with the exercising
of these option ships, the chartering of which continues to underscore
RasGas’ commitment to provide safe, reliable transportation
and further enhances RasGas’ position to be able to deliver
LNG to customers that may not wish to be responsible for transportation.
Furthermore, we are very pleased to expand our involvement with
these ship owners, whom are recognized within the marine industry
as being quality ship owners and operators.”
RasGas II is a joint venture company established between Qatar
Petroleum and ExxonMobil RasGas Inc., an affiliate of ExxonMobil
Corporation.
Posted by Richard Price,
Editor Pipeline Magazine
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