10 Mar 2021 - 11:51
The Peninsula
Doha: Qatar Petroleum, along with several leading international LNG players, signed a multi-party agreement with LNT Marine, the American Bureau of Shipping (ABS), and Shanghai Waigaoqiao Shipbuilding (SWS) to collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs.
The agreement paves the way for the establishment of a Joint Industry Project (JIP) that targets the development of new LNG carrier designs utilizing the LNT A-BOX LNG cargo containment system. Other signatories to the Agreement include Qatargas and affiliates of ConocoPhillips, ExxonMobil, Shell and Total.
The LNT A-BOX LNG cargo containment system is a new design that has recently been deployed on the 45,000 m3 new built ABS-classed vessel ‘Saga Dawn,’ which entered commercial service in the second quarter of 2020.
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Qatar Petroleum, leading LNG players sign multi-party deal to develop new LNG carrier designs
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Qatar Petroleum announces the award of a major engineering, procurement, and construction (EPC) contract to Samsung C&T Corporation for the expansion of the LNG storage and loading facilities located within Ras Laffan Industrial City, Qatar, as part of the North Field East (NFE) Project.
The EPC contract was signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and Chief Executive Officer of Qatar Petroleum, and Mr. Oh Se-chul, the President and Chief Executive Officer of Samsung C&T, during a special ceremony at Qatar Petroleum Headquarters and in the attendance of senior officials from Qatar Petroleum and Qatargas.
02 Mar 2021 - 8:46
Sachin Kumar/ The Peninsula
Minister of State for Energy Affairs and Chairman and Managing Director of Industries Qatar (IQ), H E Saad Sherida Al Kaabi, said yesterday that there are signs of recovery in global economy, which would yield positive results in terms of enhanced performance for Industries Qatar. Addressing shareholders during the Annual General Assembly yesterday, he said that this year’s high dividend payout ratio is a testament to the Group’s robust and resilient financial position.
“Given current short- and medium-term economic outlook and the related impact to our business, the Board of Directors proposes to pay a total annual dividend distribution for the year ended December 31, 2020 of QR2bn, equivalent to QR0.33 per share, with a pay-out ratio 100 percent to Group’s net earnings,” said Saad Sherida Al Kaabi speaking at the online AGM, held yesterday. “Given that this year’s pay-out ratio has been the highest since IQ’s inc