Top > News Releases > Japanese Consortium signs Long-Term Charter Agreement for the second New LNG Carrier with Ras Laffan Liquefied Natural Gas Co. Ltd II

January 16, 2003
Kawasaki Kisen Kaisha, Ltd.

Japanese Consortium signs Long-Term Charter Agreement for the second New LNG Carrier with Ras Laffan Liquefied Natural Gas Co. Ltd II

Doha, Qatar - A consortium comprising Mitsui O.S.K. Lines, Ltd. (MOL), Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha, Ltd. ("K" LINE),Exmar (CMB's gas tanker division) and Qatar Shipping Co. Q.S.C (Qatar Shipping) announced the signing of the second 25 year long-term charter agreement on January 15 for a new 145,000 m3 liquefied natural gas (LNG) carrier to transport LNG for Ras Laffan Liquefied Natural Gas Co. Ltd II (RasGas II), following the agreement of the first ship dated October 16, 2002. The consortium has simultaneously signed the shipbuilding contract for the construction and sale of the ship between Samsung Heavy Industries Co., Ltd.

The new ship featuring a membrane cargo containment system, to be built by Samsung Heavy Industries Co., Ltd., is scheduled for delivery in May 2005. The ship will be employed in the exportation of LNG from Ras Laffan, Qatar to either North America or Europe.
NYK will be appointed as the shipmanager of the ship.

RasGas II, a company 70% owned by Qatar Petroleum and 30% by ExxonMobil, was established to expand LNG production facilities which will produce 9.4 million tons of LNG annually for export to Edison Gas S.p.A of Italy, Petronet LNG Ltd of India, and the North American / European markets.

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