Bloomberg reported that Samsung Heavy Industries Company will deliver the world's biggest liquefied natural gas tanker to ExxonMobil Corp's venture in Qatar in August, adding capacity to the market for the cleaner burning fuel.

Mr CH Park executive VP for project planning recently in Busan, a port city where Samsung was contracted to make 11 tankers each of 266,000 cubic meter capacity the tanker, said that Mozah will supply gas to customers in the US and the UK at lower costs.

He said that the vessel can hold almost twice the amount of LNG as conventional tankers while it can save 30 % of transportation costs. Overall, it's 50 % more cost efficient than a traditional tanker.

Mr Park said that the price of a Q Max increased to USD 400 million currently from USD 300 million in 2005 when Samsung's yard was booked for the ship because steel and raw material prices have raised. A Q Max holds enough LNG to power South Korean households for more than two days.

Mr Park added that, for Samsung, the world's second largest shipyard, LNG vessels account for 30 % of revenue. Mozah took 15 months to build after the company cut steel in April 2007 and will be named on July 11th. He said that equipped with slow diesel engines that work more efficiently than steam turbines, these super sized tankers burn less fuel and produce 30 % less emissions compared with a typical tanker.

The Q Max has a re liquefaction plant that returns evaporating gas back to the storage tanks, maximizing the fuel cargo at the discharge port. Traditional tankers typically lose 0.15 % of cargo a day during a voyage.