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Qatar Gas lets LNG carrier construction contract

Eric Watkins
Senior Correspondent

LOS ANGELES, Feb. 6 -- Qatar Gas Transport Co. (QGTC) has awarded South Korean shipbuilders Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering orders totaling $2.1 billion for the construction of eight LNG carriers to transport its gas to Europe and the US.

SHI said it won a $1.14 billion contract to build four carriers for QGTC, with delivery due by February 2010, while Daewoo said it won a $984.6 million order to build four carriers by December 2009. The tankers will be used to export some 8 million tonnes/year of LNG produced by Qatargas 3, a joint venture of Qatar's government and ConocoPhillips.

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