Middle East Economic Survey


No 25



Naqilat Secures $950Mn From 17 Banks For LNG Ship Financing

Naqilat, a wholly owned subsidiary of Qatar Gas Transport Company (QGTC), has secured $950mn from 17 international and regional banks. This is a third tranche of funding that allows it to complete the acquisition of 25 LNG vessels, including the larger-sized Q-Flex and Q-Max carriers. Banks signing up to the deal comprise Al Ahli Bank of Qatar, Arab Bank, Bank of China, BNP...