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Qatar's Nakilat, Excelerate sign deal on JV, FSRU stake

Gasoil News - Published on Thu, 14 Jun 2018

Image Source: ET
Reuters quoted Qatar Gas Transport Company (NAKILAT) as saying that it had signed an agreement with US firm Excelerate Energy to form a joint-venture company and acquire a 55 percent interest in a floating storage regasification unit (FSRU).

Mr Mohammed al-Sada, Qatar's Energy Minister, said in a statement "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."

Mr al-Sada said that "This will enable Nakilat to widen its international outreach and thus, secure its industry-leading position in the dynamic and competitive LNG market."

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Posted By : Nanda Koijam on Thu, 14 Jun 2018
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