Nakilat, Excelerate Energy Sign Deal on FSRU Joint Venture

Image Courtesy: Nakilat

Qatar’s LNG shipping company Nakilat has signed an agreement with US-based Excelerate Energy to establish a joint-venture company and acquire a 55% 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,” Mohammed Bin Saleh Al Sada, Minister of Energy and Industry and Nakilat Chairman, said.

Al Sada continued that the move is expected to enable Nakilat to widen its international outreach and thus, secure its industry-leading position in the dynamic and competitive LNG market.

“We are extremely proud to be the first Qatari company to acquire ownership in an FSRU,” Abdullah Al Sulaiti, Nakilat Chief Executive Officer, said.

The FSRU Exquisite has a capacity of 150,900 cubic meters and a peak regasification rate of 745 million cubic feet per day.

The vessel is located at Port Qasim in Pakistan, and has received 10.4mt of LNG since it started operations in 2015, out of which 7.8mt were Qatari LNG.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >