LNG

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.

Qatar Gas Transport Co., the Gulf nation’s shipping company, posted annual revenues of over US$1 billion as it acquired several more ships for the Gulf LNG exporting nation.