DUBAI- Qatar Gas Transport Company (NAKILAT) said on Tuesday it had signed an agreement with U.S. firm Excelerate Energy to form a joint-venture company and acquire a 55 percent interest in a floating storage regasification unit (FSRU).
"This acquisition is pivotal to the state of Qatar, as this is the first FSRU co-owned by a Qatari company, which paves the way for Qatari liquefied natural gas (LNG) to expand its outreach to developing and emerging markets," Qatar's Energy Minister Mohammed al-Sada said in a statement.
"This will enable Nakilat to widen its international outreach and thus, secure its industry-leading position in the dynamic and competitive LNG market."
(Reporting by Maha El Dahan; writing by Rania El Gamal; editing by Jason Neely) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: https://twitter.com/Rania_ElGamal))
