HD Hyundai Signs $3.9 Billion LNG Carrier Deal With QatarEnergy

This deal involves the construction of 17 liquefied gas (LNG) carriers, making it the largest order ever placed in Korean shipbuilding history.

The announcement was made during Korean President Yoon Suk Yeol’s visit to Qatar.

LNG Carrier
Representation Image

This significant agreement reflects Qatar’s plans to expand its LNG production and exports.

Their goal is to increase shipment volume from 77 million tons to 126 million tons by 2027.

The collaboration between South Korea and Qatar goes beyond LNG and encompasses sectors such as self-driving vehicles, smart farms, healthcare, and finance.

This partnership heralds an era of growth and innovation through efforts.

During the state visit, multiple deals and memorandums of understanding were signed, amounting to $4.6 billion across sectors, including farms and solar power.

President Yoon’s diplomatic endeavours have been fruitful, as demonstrated by the investments totalling $15.6 billion during his state visit to Saudi Arabia earlier this month.

The agreement solidifies South Korea’s position as a leader in high-value shipbuilding and fosters a partnership between South Korea and Qatar.

Both nations are poised for growth and innovation as they embrace sectors and technological advancements in the future.

References- The Korea Times, KED Global

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Do you have info to share with us ? Suggest a correction

About Author

Marine Insight News Network is a premier source for up-to-date, comprehensive, and insightful coverage of the maritime industry. Dedicated to offering the latest news, trends, and analyses in shipping, marine technology, regulations, and global maritime affairs, Marine Insight News Network prides itself on delivering accurate, engaging, and relevant information.

Latest Shipping News You Would Like:

Get the Latest Maritime News Delivered to Your Inbox!

Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.

Leave a Reply

Your email address will not be published. Required fields are marked *