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FINANCIAL NEWS
Nakilat, QNB agree on USD917m refinancing
12 Jun 2013
(MENAFN) Nakilat Inc’s Managing Director, Muhammad Ghannam, stated that the company has agreed with Qatar National Bank (QNB) on a USD917 million refinancing deal, reported The Peninsula.
The MD of the Qatar Gas Transport Company subsidiary also said that the deal was aimed at funding the building of 25 Liquified Natural Gas
(LNG) vessels.
Ghannam added that the vessels serve as part of the floating pipeline transporting LNG for RasGas and Qatargas.
It is worth noting that Nakilat’s LNG shipping fleet is the largest in the world, made up of 54 LNG vessels. The world’s largest LNG shipping company also manages and operates four Liquefied petroleum gas (LPG) carriers via two strategic joint ventures, N-KOM and NDSQa.
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