Qatar Gas Transport Co ordered $3 billion of natural gas tankers from South Korean companies including Hyundai Heavy Industries as the state prepares to triple exports of the fuel.
Qatar Gas, the second-largest energy company on the Morgan Stanley Capital International Gulf Countries Index, ordered the 10 tankers for delivery in 2009, Muhammad Ghannam, the company’s managing director said in Doha.
Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries are the other companies that won the order. Qatar Gas, or Nakilat as it is also known, will lease the vessels for 25 years.