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QatarEnergy to Charter 19 LNG More Vessels Expanding Fleet Further

This handout photo released by QatarEnergy's Public Relations and Communication office shows the headquarters of the Gulf state's main energy facility in the capital Doha on November 8, 2022. (AFP)
This handout photo released by QatarEnergy's Public Relations and Communication office shows the headquarters of the Gulf state's main energy facility in the capital Doha on November 8, 2022. (AFP)
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QatarEnergy to Charter 19 LNG More Vessels Expanding Fleet Further

This handout photo released by QatarEnergy's Public Relations and Communication office shows the headquarters of the Gulf state's main energy facility in the capital Doha on November 8, 2022. (AFP)
This handout photo released by QatarEnergy's Public Relations and Communication office shows the headquarters of the Gulf state's main energy facility in the capital Doha on November 8, 2022. (AFP)

QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalized a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.

In a ceremony at its Doha headquarters state-owned QatarEnergy signed contracts to charter six vessels from CMES LNG Carrier Investment, six vessels from Shandong Marine Energy, three vessels from MISC Berhad and four vessels from Kawasaki Kisen Kaisha and Hyundai Glovis.

QatarEnergy had previously contracted for 77 ships to be built at Korean and Chinese shipyards in the first phases of its LNG ship acquisition program.

QatarEnergy's North Field expansion will boost its position as the world's top LNG exporter. It includes eight LNG trains that will ramp up Qatar's liquefaction capacity from 77 million tons per annum (mtpa) to 142 mtpa by 2030, an 85% increase in production.

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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
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Exports from Libya's Hariga Oil Port Stop as Crude Supply Dries Up, Say Engineers

A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)
A general view of an oil terminal in Zueitina, west of Benghazi April 7, 2014. (Reuters)

The Libyan oil export port of Hariga has stopped operating due to insufficient crude supplies, two engineers at the terminal told Reuters on Saturday, as a standoff between rival political factions shuts most of the country's oilfields.

This week's flare-up in a dispute over control of the central bank threatens a new bout of instability in the North African country, a major oil producer that is split between eastern and western factions.

The eastern-based administration, which controls oilfields that account for almost all the country's production, are demanding western authorities back down over the replacement of the central bank governor - a key position in a state where control over oil revenue is the biggest prize for all factions.

Exports from Hariga stopped following the near-total shutdown of the Sarir oilfield, the port's main supplier, the engineers said.

Sarir normally produces about 209,000 barrels per day (bpd). Libya pumped about 1.18 million bpd in July in total.

Libya's National Oil Corporation NOC, which controls the country's oil resources, said on Friday the recent oilfield closures have caused the loss of approximately 63% of total oil production.