Nakilat forms LNG shipping JV with Maran Ventures

Nakilat forms LNG shipping JV with Maran VenturesImage courtesy of Nakilat

Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipping company, has established a new joint venture with John Angelicoussis-led Maran Ventures.

Under the agreement, Nakilat will have a 60 percent stake in the JV named Global Shipping while Maran Ventures will hold the remaining 40 percent.

With four LNG vessels under the new JV, the number of Nakilat vessels will effectively increase to 74, which is approximately 11.5 percent of the global LNG fleet in carrying capacity, the company said in a statement.

Nakilat’s CEO Abdullah Al Sulaiti said, “This agreement is a step forward for the company as we expand our fleet with additional capacity to meet the growing international demand for clean energy. This has subsequently led to a significant increase in demand for LNG shipping, which we hope will have a positive effect on charter rates.”

He noted that four vessels the JV will own are currently under construction in South Korea.

Each tanker will have a cargo carrying capacity of 173,400 cubic meters, with two of them being equipped with ME-GI while the other two with X-DF technology.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 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 2 3 4 5 6

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >