Nakilat to expand LNG fleet after US$662m refinancing

The new vessels are scheduled for delivery next year.
LNG, Nakilat, Qatar, NEWS

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A loan refinancing deal worth US$662.4 million will allow Maran Nakilat Co Ltd to expand its fleet of LNG carriers from four to six, Reuters reports.

Nakilat parent company Qatar Gas Transport Co revealed that the vessels, currently under construction in Korea, are scheduled for delivery next year.

The refinancing was funded by Qatar Islamic Bank and Barwa Bank – this follows last month’s announcement that Nakilat had arranged refinancing amounting to US$917 million with Qatar National Bank SAQ (QNB).

The company will post second-quarter earnings on July 14.

 

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