Three shipowners are on the brink of signing shipbuilding and time-charter contracts for eight LNG carrier newbuildings as QatarEnergy nears the end of phase 1 of its enormous vessel procurement plan.

Newbuilding sources said the eight berths at South Korean yard Daewoo Shipbuilding & Marine Engineering will be split between Malaysian shipowner MISC, Japan’s Meiji Shipping and George Economou-controlled TMS Cardiff Gas.

It was not immediately clear how the eight vessels, which are expected to be contracted for 2026 delivery dates, would be divided between the three shipowners.