Qatar Seeks to Open New LNG Markets with Floating Terminals

LONDON, July 19 (Reuters) - Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals. Hoegh LNG, a developer of floating LNG import terminals, expects to start work on the import terminal project in a matter of months, CEO Sveinung … [Read more...]

Profit Rises at Qatari LNG Shipper Nakilat

DUBAI, April 19 (Reuters) - Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, posted a 7.7 percent rise in first-quarter net profit on Sunday. The company made a net profit of 222.4 million riyals ($61.1 million), it said in a statement. This is up from 206.5 million riyals a year earlier. QNB Financial Services forecast … [Read more...]

Profit Rises at Qatari LNG Shipper Nakilat

DUBAI, Feb 19 (Reuters) - Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, reported a 14 percent rise in fourth-quarter net profit on Thursday. Nakilat made a profit of 201.6 million riyals ($55.4 million), up from 176.5 million riyals a year earlier, according to Reuters calculations based on the company's financial … [Read more...]

India to Receive Its Biggest LNG Cargo Ahead of U.S. Shipments

By Debjit Chakraborty Nov. 18 (Bloomberg) -- India will receive its biggest shipment of liquefied natural gas by ship next month as it prepares to import the fuel from North America. The Q-Max LNG vessel, the largest in its class with a capacity of about 260,000 cubic meters, is expected to reach Dahej in western Gujarat state in the first week of December, Petronet LNG … [Read more...]

Nakilat Expands Fleet of LNG Carriers

Nakilat, the Qatari LNG shipping firm, announced today the closing of $807.4 million in refinancing allowing the firm to add three new LNG carriers to Maran Nakilat Co. Ltd, its joint venture with Greek shipowner, Maran Ventures Inc. Maran Ventures is a subsidiary of Maran Gas which currently has 17 LNG carrier newbuilds on order at Hyundai Samho Heavy Industries and … [Read more...]