China State Shipbuilding Corp, the world's largest shipbuilder, signed a
major contract worth 20 billion yuan ($2.8 billion) with Qatar's national oil
company on Wednesday, marking the largest export deal in China's shipbuilding
The Chinese State-owned conglomerate, popularly known as CSSC, announced that
one of its subsidiaries in Shanghai -- Hudong-Zhonghua Shipbuilding – will
construct liquefied natural gas carriers, according to the contract with Qatar
Petroleum, the world's largest LNG supplier.
A signing ceremony was held on Wednesday afternoon by teleconference,
attended by CSSC executives in Beijing, Hudong-Zhonghua Shipbuilding managers in
Shanghai and leaders of Qatar Petroleum in Doha, capital of the Middle Eastern
Under the contract, Hudong-Zhonghua Shipbuilding will construct its
G4+Changhui series LNG carriers for the Qatari company.
The G4+Changhui developed by Hudong-Zhonghua Shipbuilding is capable of
carrying 174,000 cubic meters of LNG and features high speed, low fuel
consumption and light weight. Its capability, environmental performance and
reliability are world-class, according to CSSC.
The company did not disclose the number of ships it will build for Qatar
The Qatari energy giant in April 2019 issued an invitation to tender for the
reservation of ship construction capacity required for more than 100 LNG
Lei Fanpei, chairman of CSSC, said at the signing ceremony in Beijing that
the global energy market has been undergoing strong turbulence caused by the
impact from the novel coronavirus outbreak. Under such circumstance, the
decision made by Qatar Petroleum to promote its LNG projects and start the
shipbuilding program will greatly help stabilize the international energy
He said that CSSC will use all-out efforts to fulfill the contract and make
the project a shining example of cooperation in the global energy industry.
Lei also urged both sides to further strengthen their collaboration and make
bigger contributions to the global energy market and the Belt and Road
Initiative, as well as the bilateral friendship.