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All Qatargas 2 Ships has been Delivered

Source: www.gulfoilandgas.com 3/2/2009, Location: Middle East

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This week marks the completion of Qatargas 2 shipping construction project with the delivery of the 14th ship. The construction project completed the eight Q-flexes and six Q-maxes vessels which started in 2006 at three different ship yards located in South Korea, Daewoo Shipbuilding & Marine Engineering Co. Ltd. and Samsung Heavy Industries shipyard at Geoje Island and Hyundai Heavy Industries located at Ulsan.

This outstanding achievement could not have happened without the emphasis on safety and teamwork throughout the project. For Train 4 vessels, the construction team has delivered four of the eight veseels without a Lost Time Incident, accruing 9.7 million man-hours with an LTI rate of 0.184. For Train five five of the six vessels were completed LTI- free.

This is a remarkable achievement which exceeds the industry standards and can be considered industry leading performance. In light of this milestone, Mr. Andy Richardson, Shipping Project Manager, said: “I’d like to take this opportunity to thank everyone for the outstanding achievement in successfully completing this monumental task. It has not been without its challenges but the team spirit engendered over the years throughout the team and with our friends at the shipyards.” has prevailed.

Abdullah Al-Sulaiti, Qatargas Shipping Manager, said: “We have already put many of these vessels into operations delivering cargos around the world, and they are performing well. The decision to bank on new technologies to significantly expand the capacity of these ships appear to have been well justified”.

These vessels are built to deliver liquefied natural gas produced from Qatargas 2 Train 4 and Train 5. The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. The Q-Max has 80 percent and Q-Flex 50% more capacity than conventional LNG carriers with about 40 percent lower energy requirements due to the economies of scale created by their size and the efficiency of the engines.

Qatargas 2 shareholders are Qatar Petroleum, ExxonMobil Qatargas II Limited and Total E&P Qatargas II Holdings Ltd.

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