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Sun 18 Jul 2010 12:42 PM

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QatarGas delivers first LNG on Q-Max to Japan

Cargo vessel delivered the LNG to Chubu Electric Power Co’s Chita Terminal.

Qatar Liquefied Gas Co, the fuel producer and exporter known as QatarGas, delivered its first cargo on a Q-Max vessel to Japan.

The liquefied natural-gas tanker Mozah is one of the Q-Max class of ships, the largest such vessel in the world, capable of transporting 266,000 cubic meters of fuel, the company said in an e-mailed statement today. The vessel delivered the LNG, gas cooled to a liquid for transport by ship, to Chubu Electric Power Co’s Chita Terminal.

QatarGas will have chartered 14 Q-Max vessels under long-term contracts by the end of this year, according to the website of the vessels’ owner, Qatar Gas Transport Co. Built to deliver LNG to new receiving terminals in the US and the UK, Qatar has sought new ports for Q-Max tankers amid forecasts for reduced LNG demand in North America, where domestic gas production is increasing.

Qatar, the world’s biggest exporter of LNG, plans to raise its annual capacity to make the fuel to 77 million tonnes by the end of 2010 with the start of three of the world’s largest LNG production plants this year.

QatarGas is a venture between Qatar Petroleum and oil companies including Exxon Mobil, Royal Dutch Shell Plc, Total SA and ConocoPhillips. (Bloomberg)

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