QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding
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QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy Orders Six More LNG Vessels from China State Shipbuilding

QatarEnergy has signed a deal with China State Shipbuilding Corporation to buy six additional ultra-large ships to carry liquefied natural gas, it said on Monday, raising such vessels it has on order to 128 as part of a fleet-expansion programme.

The ships, QC-Max, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each, QatarEnergy said, Reuters reported.

They will be built at China's Hudong-Zhonghua shipyard, with delivery expected between 2028 and 2031.

QatarEnergy, already among the world's top LNG exporters, will boost its position with its North Field expansion project, which will ramp up Qatar's liquefaction capacity from 77 million tons per annum to 142 mtpa by 2030.

The agreement with CSSC takes the total number of QC-Max vessels on order by QatarEnergy to 24, worth a total of about $8 billion, QatarEnergy said.



Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship
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Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

Saudi Reef Launches Rural Tourism Business Incubators to Promote Entrepreneurship

The Sustainable Agricultural Rural Development Program (Saudi Reef) launched the "Rural Development" and "Rural Tourism" business incubators to foster entrepreneurship within Saudi Arabia's agricultural sector.

The initiative aims to boost the entrepreneurial ecosystem, particularly among small farmers and rural producers, by providing them with the tools and skills needed to develop their products and accelerate growth.

The effort aligns with the Kingdom's Vision 2030 goals, which seek to improve the standard of living and quality of life in rural areas.

Saudi Reef offers various forms of support to small farmers, entrepreneurs, and rural tourism operators. The business incubators focus on developing core entrepreneurial skills, such as strategic planning, business management, marketing, and finance.

Additionally, the initiative promotes the creation of innovative business models within the rural development sector.