LNG

Oct 29 (LNGJ) - Qatar Gas Transport Co, also known as Nakilat, reported nine-month net profits of 659 million Qatari riyals ($181M), an increase of 8.5 percent compared with the same period of 2017. Nakilat’s core LNG shipping businesses was helped by an operational partnership with Royal Dutch Shell in the early years, though the vessels are now under Qatari control. Its fleet of almost 70 wholly and jointly-owned LNG vessels includes the Q-Flex and Q-Max carriers with up to 266,000 cubic metres capacity and four liquified petroleum gas carriers. “Nakilat’s improved financial performance bears testament to the company’s ongoing emphasis on enhancing efficiency, increasing productivity and pursuing growth strategies, without compromising safety and quality,” said Chief Executive Abdullah Fadhalah al-Sulaiti.