International Seaways, a leading US tanker company providing vessels mostly for the crude oil and petroleum products markets, has ended its LNG presence by selling its stake in four Q-Flex LNG carriers held in a joint venture with Qatar Gas Transport Co.
Qatar Gas Transport Co. (QGTC), the LNG shipping company of Qatar, has signed an agreement with US floating import project company Excelerate Energy to form a joint venture firm and as a start has acquired a 55 percent interest in a floating storage regasification unit.
Qatar Gas Transport Co, the Gulf state’s LNG fleet operator, posted an increase in net profits and revenues as it expanded to almost 70 vessels amid more efficiency and rationalized operational expenses.
Nakilat Shipping Qatar Ltd, a subsidiary of Qatar Gas Transport Co., has taken back a fifth ship as part of an agreement with Shell International Trading and Shipping to return management of Nakilat’s LNG fleet to Qatari hands.
Nakilat Shipping Qatar Ltd, a wholly owned subsidiary of Qatar Gas Transport Co., has signed an agreement with Shell International Trading and Shipping to return management of Nakilat’s LNG fleet to Qatari hands.