LNG

Qatar’s main shipping repairs and offshore construction facility, Nakilat-Keppel Offshore & Marine (N-KOM) located near the main liquefied natural gas production and shipping base of Ras Laffan, is rebranding itself into Qatar Shipyard Technology Solutions (QSTS).

Qatar Gas Transport Company, known as Nakilat and with a liquefied natural gas fleet of 69 vessels, reported a jump in net profits as the company’s ships satisfied rising global demand.

Nakilat, one of the world’s largest LNG shipping operators, has partnered with the American Bureau of Shipping, the US classification society, to develop a decarbonization strategy.

Oct 26 (LNGJ) - Qatari LNG shipping company Nakilat and the Turkish floating power plant provider, Karpowership, have signed an accord to collaborate in the LNG-to-power market and jointly own and operate floating storage and regasification units (FSRUs). “We are very pleased and excited to sign this agreement with Karpowership,” said Nakilat’s Chief Executive Abdullah Al-Sulaiti. “This fits very well with Nakilat’s long-term growth plan,” he added.

   Karpowership CEO Orhan Remzi Karadeniz said he was very excited to be working with Nakilat. “This will enhance our ability to offer a one-stop shop tailor-made solution to our customers through our integrated business model where we design, develop, engineer and construct our entire assets. FSRUs together with Powerships deliver energy to any country,” stated Karadeniz.

June 26 (LNGJ) - South Korean shipyards are expecting new firm LNG carrier orders after Qatar booked construction berths, but no new orders have been received in 2020 for oil and gas platforms or offshore facilities, reflecting the depressed state of the energy market. Hyundai Heavy Industries has received no orders for offshore facilities since October 2018 when it signed a $450 million deal with a US oil developer LLOG Exploration to build a floating production system, according to the latest data.

   Daewoo Shipbuilding & Marine Engineering Co. is also devoid of orders since December 2019 when Chevron Corp. booked a $200M semi-submersible floating production unit. The third main builder, Samsung Heavy Industries, has failed to clinch any new orders since April 2019. SHI has an order backlog of three offshore plants, one FPSO, one floating production platform and one floating LNG unit.

Feb 19 (LNGJ) - Qatar Gas Transport Co., also known as Nakilat, said it was set to have two newbuild LNG carriers delivered this year  and has four in total under construction in South Korea. “The propulsion system selected for these ships is contemporary and they will be fully equipped with cutting-edge technology, which will help reduce emissions significantly,” said Bader Al Mulla, LNG Joint Ventures Manager at Nakilat. “With the delivery of these two upcoming ships Nakilat’s fleet size will increase to 76 carriers, including four LPG tankers and one floating storage and regasification unit,” added Al Mulla.

Aug 23 (LNGJ) - Nakilat, the shipping arm of Qatar’s LNG sector, has entered into a contract with Global Eagle Entertainment’s Emerging Market Communications (EMC) to provide marine VSAT services for vessels in its carrier fleet. Under the contract, the company is supplying global Ku-band VSAT connectivity and content to enable a range of internet, data and voice services for the vessels and crew. The installations were completed recently on eight Nakilat vessels, which will ensure continuous connectivity for their ships sailing global LNG routes. Nakilat Administration Director Rashid Hamad Al-Marri said: “We are delighted to sign this agreement with EMC which will significantly contribute to the development of the communication systems’ infrastructure and facilitate Nakilat’s maritime operations. As an owner of one of the largest LNG fleets in the world, staying connected while at sea is essential for Nakilat’s global operations.”