Middle East Economic Survey


No 42



RasGas-2 Signs LNG Charter Agreements For Seven Vessels

RasGas-2 on 23 September signed an agreement with Canadas Teekay Shipping Corporation for the long-term charter of three LNG vessels to be built at Daewoo Shipbuilding and Marine Engineering Company in South Korea. At the same time, Qatar Gas Transport Company and Teekay signed a letter of intent that allows the former to assume up to 30% equity ownership in each of the...