
Nakilat Secures LNG Fleet Financing Deal with KEXIM
Qatar Gas Transport Company (Nakilat) has agreed its first financing package with the Export-Import Bank of Korea (KEXIM). The deal covers 25 conventional LNG vessels that will be built at various shipyards in South Korea and which will be fully owned and operated by Nakilat. The 174,000m3 capacity vessels will be chartered to QatarEnergy under long-term agreements.
The company has also commenced the construction of six new vessels at the Hyundai Samho Heavy Industries shipyard in South Korea, including 2 LNG vessels and 4 LPG/ammonia vessels. These also will be fully owned by Nakilat.
The partnership with KEXIM represents an important step in Nakilat’s long-term strategy to expand its fleet, securing vital financial resources for its growth plans at a time of global market volatility and geopolitical risks. According to Eng. Abdullah Al-Sulaiti, the Chief Executive Officer of Nakilat: “This collaboration highlights our strong commitment to leveraging international partnerships to advance our global market position and support Qatar’s position as a global leader in the LNG industry.”
Nakilat recently announced impressive financial results for the first half of the year ending 30th June 2025. The company achieved a net profit of QAR 860 million, compared to QAR 829 million for the corresponding period in 2024, an increase of 3.7%.
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