Nakilat
Nakilat, formally known as Qatar Gas Transport Company Limited, is a Qatari shipping and maritime company that plays a critical role in the transportation of liquefied natural gas (LNG) worldwide. Founded in 2004 and headquartered in Doha, Qatar, Nakilat is a key component of Qatar's strategy to export its vast reserves of natural gas.
Key Facts:
Fleet Size: Nakilat owns and manages one of the world's largest fleets of LNG carriers. The company operates approximately 69 LNG vessels, making it a significant player in the global LNG shipping industry. Besides LNG carriers, Nakilat also has a fleet of liquefied petroleum gas (LPG) carriers and provides shipping management for various other vessels.
Joint Ventures: Nakilat has entered into several strategic alliances and joint ventures with leading international maritime companies. Notable among these is a joint venture with the world-renowned maritime services company, Keppel Offshore & Marine, known as Nakilat-Keppel Offshore & Marine (N-KOM), which operates a world-class shipyard facility at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City.
Shipbuilding and Repair: Besides its shipping services, Nakilat offers extensive shipbuilding and ship repair services. The Erhama Bin Jaber Al Jalahma Shipyard is equipped to handle a variety of vessels, including LNG and LPG carriers, oil tankers, and other large vessels. The shipyard also provides drydock services and is engaged in the repair and maintenance of ships.
Maritime Services: Nakilat also provides comprehensive maritime services, including towage, and shipyard management. The company has diversified its operations to include port services and other maritime logistics solutions, aiming to provide integrated maritime solutions to its customers.
Environmental and Safety Standards: The company places a high priority on maintaining stringent safety and environmental standards. They have implemented various initiatives to enhance operational efficiency and minimize environmental impact, adhering to international safety and environmental regulations.
Workforce and Training: Nakilat is committed to the development of Qatari talent and workforce in the maritime sector. They have various training and development programs to equip their employees with the necessary skills and expertise to operate in the highly specialized LNG shipping industry.
Significance:
Nakilat plays a vital role in ensuring the steady supply of LNG from Qatar to global markets, supporting the country's position as one of the world's leading LNG exporters. Its robust infrastructure, extensive fleet, and comprehensive maritime services contribute significantly to the entire LNG value chain—from production to delivery.
The company's strategic initiatives and continuous efforts to expand its services align with Qatar's broader vision to diversify its economy and enhance its global trade relations.
Nakilat News
Nakilat Boosts Profit in Third Quarter
Qatar Gas Transport Company Q.P.S.C. (Nakilat) has achieve a net profit of QAR 1.28 billion ($352 million) in the third quarter of 2024, ended September 30.This represents an increase of 7.2% compared to the same period in 2023.Nakilat says it continues to strengthen its position as one of the world’s largest LNG fleet owners through strategic partnerships, fleet modernization and operational excellence.The…
Nakilat’s H1 Profit Up By 7%
Qatar Gas Transportation Company (Nakilat) and its group subsidiaries announced their financial results for the first half of the year ended 30 June 2024, with a net profit of QAR 829 million ($227 million) for the first half of the year ended 30 June 2024, an increase of 7% on the corresponding period in 2023.In 2024, Nakilat achieved significant milestones in its fleet expansion project. The company signed contracts to build six advanced gas carriers…
QatarEnergy and Nakilat Sign Long-Term Agreement for Nine QC-Max LNG Vessels
QatarEnergy has signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat), under which Nakilat will own and operate nine QC-Max class LNG vessels, the largest LNG vessels ever built.The nine QC-Max vessels, with a capacity of 271,000 cubic meters each, constitute half of the 18 advanced QC-Max class LNG vessels that will be constructed at China’s Hudong-Zhonghua Shipyard.To date…
QatarEnergy Inks Nakilat Deal for Operation of 25 LNG Ships
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company Limited (Nakilat) for the operation of 25, 174,000 cubic meter LNG vessels as part of the second ship-owner tender under QatarEnergy’s historic LNG Fleet Expansion Program.The agreements were signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy and Mr.
QatarEnergy Charters 25 Nakilat LNG Carriers
QatarEnergy signed time-charter party (TCP) agreements with Qatar Gas Transport Company (Nakilat) for the operation of 25 conventional-size LNG vessels as part of the second shipowner tender under QatarEnergy’s LNG fleet expansion program.Seventeen of the 25 LNG vessels are being built at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being built at Hanwha Ocean…
Nakilat Grows Fleet with Six New LNG and LPG Carriers
Qatar-based energy shipping company Nakilat has placed orders to with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of six new LNG and LPG carriers.The order includes two LNG carriers with a cargo capacity of 174,000 cubic meters each and four very large LPG/ammonia gas carriers, with a substantial cargo capacity of 88,000 cubic meters.The vessels are set to be delivered between 2026 and 2027…
N-KOM Rebrands as Qatar Shipyard Technology Solutions
N-KOM, an offshore and marine repairs facility in Qatar, is rebranding as Qatar Shipyard Technology Solutions. The company adopted launching its new identity in alignment with its 13th anniversary, confirming its endeavor to make a qualitative leap to the service provided to its customers in all fields, including technology. This adoption came in the form of the company's new name to become Qatar Shipyard…
Nakilat Takes Delivery of Another LNG Carrier
Nakilat took delivery of a newbuild LNG carrier, “Global Sealine”, which will be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, this is the final LNG newbuild carrier to be delivered to Global Shipping Co. Ltd., a joint venture between Nakilat (60%) and Maran Ventures Inc. (Maran Ventures) (40%).
Nakilat Taps ABS to Develop Decarbonization Plan
Qatari shipping company Nakilat, one of the world’s largest liquefied natural gas (LNG) shipping operators, said it has partnered with U.S.-based classification society ABS to develop its decarbonization strategy.Over the past months, Nakilat’s project team has worked with ABS sustainability specialists to map out decarbonization pathways for the company’s fleet of 69 LNG carriers and four very large liquefied petroleum gas (LPG) carriers.
Shipbuilding: DSME Delivers another LNG Carrier to Nakilat
Nakilat has taken delivery of a newbuild LNG carrier dubbed Global Sea Spirit, a ship to be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, this is the third of four LNG newbuild carriers to be delivered to Global Shipping Co. Ltd., a joint venture between Nakilat (60%) and Maran Ventures Inc. (40%).
FSRU: Nakilat, Karpowership sign MoU
Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs)."This fits very well with Nakilat’s long-term growth plan to expand and diversify our shipping portfolio and strengthens our position as a global leader in the energy transportation sector,” said Nakilat’s CEO Eng. Abdullah Al-Sulaiti.The MoU outlines an ambitious plan for the immediate future.
DNV, Nakilat Team to Improve Vessel Software Quality
Nakilat, DNV, and a group of yards and system suppliers – ABB, Honeywell, Kongsberg and Wärtsilä + Hudong-Zhonghua – have teamed on a joint development project (JDP) to elevate software reliability and maintenance during operations. The JDP, which was initiated in 2020 by Nakilat, has resulted in the launch of a new DNV Recommended Practice (DNV-RP-0582), published in June 2021.“With one of the largest LNG shipping fleets in the world…
DSME Delivers Newbuild LNG Carrier to Nakilat
Qatar-based shipping company Nakilat said Monday it has taken delivery of a newbuild liquefied natural gas (LNG) carrier Global Star built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME).The 173,400 cubic meter capacity Global Star will be commercially and technically managed in-house by Nakilat. It is the second out of the four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Maran Ventures Inc.
Nakilat Takes Over Management of FSRU Exquisite
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018. This is the first FSRU to be managed in-house by Nakilat, bringing the company's managed fleet to 27 vessels…
Nakilat Takes Another LNG Carrier Into In-house Management
Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Max LNG carrier Al Samriya from Shell Trading and Shipping Company Limited with effect from 27 July, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 263,300 cubic meters, Al Samriya is wholly-owned by Nakilat and chartered by Qatargas. The vessel…
Nakilat Transitions LNG Carrier to In-house Management
Qatari shipping company Nakilat said it has assumed full ship management and operations of Q-Flex liquefied natural gas (LNG) carrier Al Kharaitiyat from Shell Trading and Shipping Company Limited with effect from Wednesday, as part of the second phase of its planned fleet management transition program.With a cargo carrying capacity of 216,300 cubic meters, Al Kharaitiyat is wholly-owned by Nakilat and chartered by Qatargas.
LNG Carrier Delivered to Nakilat
Qatari shipping company Nakilat took delivery of a newbuild liquefied natural gas (LNG) carrier Global Energy. Built by South Korea's Daewoo Shipbuilding & Marine Engineering (DSME), the vessel will be managed in-house by Nakilat and is the first of four LNG carrier newbuilds to be delivered to Global Shipping Co. Ltd., a joint venture of Nakilat (60%) and Greece-based Maran Ventures Inc. (40%). The delivery of all four newbuilds by end-2021 will bring Nakilat’s fleet to 74 LNG carriers…
Nakilat Reports $76m Q1 Profit
Nakilat announced financial results for the first quarter ended March 31, 2020 with a net profit of $76 million compared to $64 million during the same period in 2019, with an increase of 18%.Despite the ongoing challenges of the global pandemic, Nakilat continued to uphold operational management of its LNG and Liquefied Petroleum Gas (LPG) vessels.Additionally, Nakilat group continued to strengthen its value proposition…
Nakilat Posts Record Net Profit of $270M
Doha-listed LNG and LPG carrier owner Qatar Gas Transport Company Ltd (Nakilat) reported a consolidated net profit of QR1,003m (USD $270 million) in 2019, an increase of 12.4 percent…
Nakilat Posts 10.5% Surge in 9 Month's Net Profit
Qatari shipping and maritime company Qatar Gas Transport Company (Nakilat) reported a 10.5% year-on-year increase in net profit to QR728mn (USD 200 million) in the…
