Qatar Gas Transport Company Q.P.S.C. (Nakilat) has finalized a financing agreement with the Export-Import Bank of Korea to support the construction of 25 new LNG carriers. The first vessel from this series is expected to be delivered by the end of 2026.
Nakilat said the agreement enhances its financial flexibility and supports its long-term sustainable growth plans while improving its competitive position. The company also reported ongoing initiatives to enhance efficiency and reduce costs across its fleet and operations.
According to Nakilat Chief Executive Officer, Eng. Abdullah Al-Sulaiti, the company’s LNG fleet expansion program is moving from planning to execution, with the first vessel scheduled for delivery by late 2026. He added that the project reflects the company’s ability to respond to global market needs and strengthen leadership in vessel performance, shipyard operations, and logistics support.
Nakilat recorded a net profit of QAR 1.31 billion (approximately $359.3 million) for the third quarter ending 30 September 2025, a 3.0% increase from QAR 1.28 billion ($351.1 million) a year earlier. Total income rose 1.5% year-on-year to QAR 3.49 billion ($957.3 million).
Al-Sulaiti said Nakilat’s performance in the third quarter reflected stable operations and continued commitment to safety, operational efficiency, and environmental sustainability.
Forbes Middle East also recognized him as one of the “Sustainability Leaders 2025” in the maritime transport and logistics category.
Al-Sulaiti said Nakilat’s performance in the third quarter reflected stable operations and continued commitment to safety, operational efficiency, and environmental sustainability.
Forbes Middle East also recognized him as one of the “Sustainability Leaders 2025” in the maritime transport and logistics category.
