Qatar Gas Transport Company Q.P.S.C. (Nakilat) has secured financing for 25 LNG carrier newbuildings, with the first ship scheduled for delivery by the end of 2026.
Reporting third-quarter results, Nakilat said it has improved its financial flexibility through a financing agreement with the Export-Import Bank of Korea for the delivery of 25 LNG carriers, supporting its long-term sustainable growth ambitions and boosting competitiveness.
Nakilat also implemented measures to improve efficiency and reduce costs across its fleet and operations.
As stated, the first LNG carrier from the expansion project is scheduled for delivery by the end of next year.
“We are approaching a pivotal phase in our expansion plans, as our LNG fleet growth program transitions from planning to execution, with the first vessel from the expansion project scheduled for delivery by the end of 2026,” Nakilat’s chief executive officer Eng. Abdullah Al-Sulaiti commented. “This expansion demonstrates our ability to respond effectively to global market demands and has positively impacted our pursuit of leadership in vessel performance, shipyard operations, and supporting logistics services.”
Nakilat announced its financial results for the third quarter of 2025 which ended September 30, 2025, with a net profit of QAR 1.31bn (around $359.3m), compared to QAR 1.28bn (around $351.1m) for the same period in 2024, an increase of 3.0%.
The company achieved a net profit of QAR 1.31bn (around $359.3m), up 3.0% year-on-year and a total income of QAR 3.49bn (around $957.3m), up 1.5% year-on-year.
“Nakilat delivered a strong performance in the third quarter, driven by efficient execution and stable operations, alongside our teams’ unwavering commitment to safety, operational excellence, and environmental sustainability,” Nakilat’s chief executive added.
As revealed by Nakilat, Eng. Abdullah Al-Sulaiti was listed among Forbes Middle East’s ‘Sustainability Leaders 2025’ under the maritime transport and logistics sector.
