Monday, September 17, 2007

LNG vessel to join Qatargas fleet

Qatargas announced the naming of the Q-Flex LNG vessel Tembek at a ceremony held at Samsung Heavy Industries shipbuilding yard in Geoje Island, South Korea.

The Tembek will be used to ship LNG produced by Qatargas 2's Train 4 to customers in Europe. It is one of 14 ships that are being built in Korea to service Qatargas Trains 4 and 5. The LNG vessel is owned through a joint venture between Qatargas Transport Company (Nakilat) and Overseas Shipholding Group (OSG), from which Qatargas will charter the vessel.

The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ship with about 40 percent lower energy requirements than conventional vessels due to the economies of scale created by their size and the efficiency of the engines.

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