QatarEnergy and Nakilat Sign Long-Term Charter Party Agreements for 25 Conventional LNG Vessels

DOHA, Qatar 24 March 2024

Qatar Gas Transport Company Limited (Nakilat) is proud to announce that it has signed with QatarEnergy the long-term charter party agreements for 25 Conventional LNG Vessels as part of QatarEnergy’s historic LNG fleet expansion program.

The agreements were signed by H.E. Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, and Eng. Abdullah Fadala Al-Sulaiti, Chief Executive Officer of Nakilat, during a special ceremony held at QatarEnergy’s headquarters today.

Commenting on this occasion, H.E. Minister Al-Kaabi said: “These agreements underscore our continued confidence in Nakilat – Qatar’s flagship LNG shipping and maritime company. This is a testament to Nakilat’s world-class capabilities as well as to the significant contributions of Qatari listed companies to our country’s national economy.”

On his part, Eng. Abdullah Al-Sulaiti said: “We are proud of this partnership with QatarEnergy, through which we aspire to provide added value in the LNG transportation market as one of the active partners in meeting the requirements of the North Field LNG expansion projects. We are fully committed to adopting the latest technology and expertise to ensure safer, more efficient and reliable transportation of LNG from Qatar to the world.”

On February 11, 2024, QatarEnergy selected Nakilat to be the owner and operator of these vessels according to long-term charter contracts. The LNG carriers, each with a capacity of 174,000 cubic meters, will be owned 100% by Nakilat and chartered to affiliates of QatarEnergy. They are scheduled for construction in Korean shipyards as part of QatarEnergy’s historic LNG fleet expansion project, which is intended to cater for the LNG transportation requirements of QatarEnergy’s LNG expansion projects as well as its fleet renewal requirements.