Middle East Economic Survey

VOL. LII

No 19

11-May-2009

QATAR

Naqilat Seeks $940Mn To Finance LNG Ship Acquisitions

Qatar Gas Transport Company (Naqilat) has approached banks seeking a loan of $940mn, which will represent the third tranche in a staggered program that is being used to finance the companys LNG fleet expansion. This involves the acquisition of 25 carriers, including the Q-Flex and Q-Max ships which are larger than other LNG shipsin operation. Sumitomo Mitsui Banking Corporation (SMBC)...