Doha, Qatar : Qatar Gas Transport Company Limited (Nakilat) announces the signing of a long-term agreement to charter and operate nine QC-Max class LNG vessels, as part of QatarEnergy's program to expand its fleet of LNG carriers.

The agreement was signed by His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Mr. Abdullah bin Fadhalah Al-Sulaiti, CEO of Nakilat during a special signing ceremony at QatarEnergy’s headquarters today.

Commenting on this occasion, H.E. Minister Al-Kaabi said: “We are very proud to have Qatar’s flagship LNG shipping and maritime champion join a list of world-class shipowners to operate our state-of-the-art QC-Max LNG vessels - the largest ever built. There is no doubt that this is another testament to Nakilat’s significant capabilities.”

On his part, Mr. Al-Sulaiti, CEO of Nakilat, said:“We are proud of our partnership, and of being selected, once again, by QatarEnergy as a partner in its historic fleet expansion project. Through this partnership, we aim to enhance value in the LNG transportaion market as active enablers in meeting the requirements of the North Field expansion projects. We are fully committed to adopting the latest technologies and expertise to ensure that these vessels are operated according to the highest standards of safety, environmental sustainability, and reliability.”

These nine (QC-Max) vessels, each with a capacity of 271,000 cubic meters, will be 100% owned and operated by Nakilat and chartered to affiliates of QatarEnergy. The vessels will be built in China at Hudong-Zhonghua shipyards, reflecting top-notch craftsmanship and technology. They are part of QatarEnergy's historic program to support its LNG production expansion capacity from the North Field.

This signing follows QatarEnergy's recent agreements with Nakilat for the ownership and operation of 25 conventional-size LNG vessels. The current agreement includes the charter and operation of nine additional QC-Max vessels, thereby increasing the total number of LNG vessels secured by Nakilat to 34.

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ABOUT QATARENERGY

QatarEnergy is an integrated energy company committed to the sustainable development of cleaner energy resources as part of the energy transition in the State of Qatar and beyond.

We are the world leader in Liquefied Natural Gas (LNG) – a cleaner, more flexible, and reliable source of energy, and an integral partner in the global energy transition. Our activities cover the entire spectrum of the oil and gas value chain and include the exploration, production, processing, refining, marketing, trading, and sales of energy products and commodities.

As “Your Energy Transition Partner”, QatarEnergy is committed to building a better and brighter future by helping meet today’s energy needs, while safeguarding our environment and natural resources for generations to come, bound by the highest standards of sustainable human, socio-economic, and environmental development.

ABOUT NAKILAT

Nakilat is a Qatari Public Shareholding Company which is originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in the State of Qatar’s LNG supply chain. Its LNG shipping fleet is one of the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages one FSRU and four large LPG carriers. Nakilat operates the ship repair, industrial and offshore fabrication facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via strategic joint ventures: Qatar Shipyard Technology Solutions and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters.

For more information, visit: www.nakilat.com

For media inquiries, please contact:
Mr. Shammi Mohan, Head of Public Relations
smohan@nakilat.com