QatarEnergy selects Nakilat to own and operate conventional LNG vessels

QatarEnergy selects Nakilat to own and operate conventional LNG vessels

QatarEnergy announced that it has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP) to be entered into by affiliates of QatarEnergy and Nakilat.

This constitutes the first award in the second batch of long-term TCPs under QatarEnergy’s historic LNG Fleet Expansion Project. QatarEnergy anticipates selecting additional bidders as vessel owners and announcing these awards in due course.

Commenting on this occasion, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are extremely pleased to announce this partnership with Nakilat, which reflects our confidence in Qatar’s flagship LNG shipping and maritime company. We are equally proud to see this LNG transportation champion compete as part of a global tender and be able to win on a purely competitive basis. This is a testament to Nakilat’s world-class capabilities as well as to the significant contributions of listed companies to the national economy.”

His Excellency Minister Al-Kaabi added: “QatarEnergy is moving firmly in building its future LNG fleet, expected to be in excess of one hundred vessels. We look forward to announcing the names of additional