Doha, Qatar – Qatar Gas Transport Company Ltd. (Nakilat), the largest LNG shipping fleet owner in the world, announced that it had obtained all the necessary approvals to raise the ceiling for non-Qatari ownership in the company’s capital to 100 percent.
In a statement posted on the website of the Qatar Stock Exchange (QSE) on Tuesday, the company said that the necessary changes had been made with the Qatar Central Securities Depository Company (QCSD) as a result with immediate effect.
The net profits of Nakilat increased by 6.3 percent in 2022, to reach QR 1.438 billion ($0,38 billion), compared to QR 1.353 billion ($0.36 billion) in 2021.
Nakilat was established in 2004 with a capital of QR 5.540 billion.
The Qatar Stock Exchange-listed Nakilat has 69 LNG vessels. In addition, the company operates the ship repair, industrial and offshore fabrication facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via strategic joint ventures.
Last week, Nakilat chose South Korea’s HSD Engine to supply spare parts and maintenance services for its fully owned LNG ships.
The agreement intends to increase the engines’ operational effectiveness while also increasing the availability of the LNG fleet as a whole.
