Qatar: Nakilat reports $118.9mln Q1 net profit, up 3.2%
Qatar Gas Transport Company (Nakilat) achieved a net profit of QAR433 million ($118.92 million) for the first quarter of 2025, ended March 31, marking a 3.2% increase from QAR420 million recorded in the same period of 2024.
This robust performance underscores Nakilat's resilience and strategic success in a dynamic global market, the company said.
Incurred total expenses of QAR673 million, reflected a decrease of 5.7%.
This sustained growth is attributed to Nakilat's strategic fleet expansion, operational excellence, and unwavering commitment to delivering clean energy worldwide. Despite a challenging economic landscape marked by uncertainty and elevated interest rates, Nakilat has solidified its industry leadership, leveraging long-term agreements and optimizing fleet utilization to drive efficiency and profitability, it said.
Eng Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "Nakilat's strong financial performance for the first quarter of 2025 highlight the success of our strategic vision and dedication to excellence. As we expand our fleet and enhance our capabilities, Nakilat continues to strengthen its standing as a global leader in the LNG shipping industry. The addition of new technologically advanced vessels and our long-term partnerships ensure we remain at the forefront of the evolving energy transportation landscape. We remain focused on sustainable growth, operational efficiency, and delivering long-term value to our shareholders and stakeholders."
Nakilat's expansion strategy is further strengthened by its commitment to sustainable energy transportation. The company remains on track with its newbuild programme, which includes state-of-the-art LNG carriers and LPG/ammonia gas carriers under construction, marked a significant milestone with two steel cutting ceremonies for a total of ten of its new LNG carriers and four LPG/ammonia gas carriers at Hanwha Ocean and HD Hyundai Samho shipyards in South Korea in March 2025. –
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Web Release
4 days ago
- Web Release
Msheireb Properties Invites Global Brands to Doha Design District
As part of its mission to introduce world-renowned brands to Qatar, Msheireb Properties celebrated its partnership with Liberty – the leading British luxury retailer and design house, during Liberty's 150th anniversary celebrations in London. The partnership will see the opening of a Liberty Home showroom and a Liberty-branded café concept at Msheireb Galleria later this year, further establishing Msheireb Downtown Doha and Doha Design District as a leading destination for global creativity, design and innovation. Msheireb Properties celebrated the partnership during Liberty's anniversary event earlier this month at its flagship London store. The event previewed the I Am. We Are. Liberty. exhibition, showcasing one of the most significant and expansive design archives in the United Kingdom. The exhibition shines a light on the creative spirit and wide-ranging cultural influences that have shaped and contributed to the retailer and design house since its founding in 1875. Representing Msheireb Properties and the Doha Design District at the event was Shaikha Al-Sulaiti, Senior Concept Manager, who joined Liberty's global design community and celebrated a partnership rooted in shared values of craftsmanship, cultural heritage, and forward-thinking design. 'We congratulate Liberty on 150 years of excellence in design and innovation, our partnership reflects a shared belief in preserving cultural identity while embracing contemporary creativity,' said Eng. Ali Al Kuwari, CEO of Msheireb Properties. 'Design has always been a fundamental pillar for Msheireb Downtown Doha, with every space reflecting Qatar's architectural heritage with modern, sustainable form and function. The Liberty Home showroom at Msheireb Galleria, further strengthens Doha Design District's position as a dynamic regional hub for creativity, collaboration, and cultural exchange.' This latest partnership underscores Msheireb Properties' ongoing commitment to positioning Doha as a destination for world-class design and lifestyle brands. By welcoming Liberty, the British luxury retailer and design house at the cutting edge of the decorative arts since 1875, to Msheireb Downtown Doha, the company continues to expand the global footprint of the Doha Design District. Adil M-Khan, CEO of Liberty Group, added: 'We are honoured to share with Msheireb Properties in Doha our artistic vision for craft, fabric, interiors, beauty, and living. As Liberty celebrates 150 years of commitment to good design, we have partnered with Msheireb Properties to present a unique interiors destination in Doha. Our joint commitment to art and innovation aspires to both delight and express our gratitude to Qatari customers and visitors from around the world.' The Liberty Home showroom will feature Liberty's celebrated collections of interior fabrics, home accessories, and fashion fabrics in a space that seamlessly blends with the architectural identity of Msheireb Downtown Doha. The showroom design will integrate elements that complement the architectural language of Msheireb Downtown Doha, creating a harmonious space that honours both British and Qatari design sensibilities and offers a curated environment that invites exploration and connection. This partnership is part of a wider initiative by Msheireb Properties and the Doha Design District to grow Qatar's creative economy through targeted global partnerships, immersive retail experiences, and sustained support for cultural and design industries.
Zawya
27-05-2025
- Zawya
Nakilat marks steel cutting for 17 new LNG carriers in South Korea
Ulsan, South Korea: Qatar Gas Transport Company (Nakilat), a global leader in LNG shipping and maritime transportation, celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of 17 LNG vessels at Hyundai Heavy Industries (HHI) Shipyard in Ulsan, South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects, as well as the replacement requirements of some of its existing fleet. The ceremony was attended by senior officials from Nakilat, Hyundai Heavy Industries, along with key stakeholders from the maritime sector, who witnessed the official commencement construction of the advanced vessels. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. On this occasion, Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "This is another pivotal milestone in Nakilat's journey towards achieving our long-term growth strategy as we continue to modernize and expand our fleet. Our collaboration with QatarEnergy and Hyundai Heavy Industries reflects our continued commitment in support of Qatar's vision in LNG shipping through a world-class fleet and new benchmarks in efficiency, safety, and environmental performance and sustainability. Nakilat remains committed to boosting its position as leader in the global LNG shipping industry." In February 2024, Qatar Gas Transport Company 'Nakilat' signed agreements with QatarEnergy to lease and operate 25 conventional size state-of-the-art LNG vessels. This move further strengthens Nakilat's position as a global leader in LNG shipping, with the vessels being constructed at South Korean shipyards. The new carriers feature advanced designs and innovative technologies, reflecting Nakilat's commitment to applying the highest standards of safety and operational excellence, while also promoting greater environmental sustainability. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
26-05-2025
- Zawya
Nakilat celebrates steel cutting of 17 new LNG carriers at Korea's Hyundai Heavy Industries shipyard
Ulsan, South Korea – Qatar Gas Transport Company (Nakilat), a global leader in LNG shipping and maritime transportation, celebrated a significant milestone with the steel cutting ceremony marking the commencement of construction of 17 LNG vessels at Hyundai Heavy Industries (HHI) Shipyard in Ulsan, South Korea. The vessels are part of QatarEnergy's historic LNG fleet expansion project, which caters for future LNG fleet requirements for its LNG expansion projects, as well as the replacement requirements of some of its existing fleet. The ceremony was attended by senior officials from Nakilat, Hyundai Heavy Industries, along with key stakeholders from the maritime sector, who witnessed the official commencement construction of the advanced vessels. Owned by Nakilat, and built with a capacity of 174,000 cubic meters, the new vessels will be chartered to QatarEnergy affiliates under long-term agreements. On this occasion, Mr. Abdullah Al-Sulaiti, Chief Executive Officer of Nakilat, commented: "This is another pivotal milestone in Nakilat's journey towards achieving our long-term growth strategy as we continue to modernize and expand our fleet. Our collaboration with QatarEnergy and Hyundai Heavy Industries reflects our continued commitment in support of Qatar's vision in LNG shipping through a world-class fleet and new benchmarks in efficiency, safety, and environmental performance and sustainability. Nakilat remains committed to boosting its position as leader in the global LNG shipping industry." In February 2024, Qatar Gas Transport Company 'Nakilat' signed agreements with QatarEnergy to lease and operate 25 conventional size state-of-the-art LNG vessels. This move further strengthens Nakilat's position as a global leader in LNG shipping, with the vessels being constructed at South Korean shipyards. The new carriers feature advanced designs and innovative technologies, reflecting Nakilat's commitment to applying the highest standards of safety and operational excellence, while also promoting greater environmental sustainability. This achievement marks a pivotal step in enhancing the company's capacity to meet the growing demand for LNG transportation and further solidifying its leading position in the industry. ABOUT NAKILAT Nakilat is a Qatari Public Shareholding Company which is originally listed on the Qatar Stock Exchange in 2005. As a shipping and maritime company, Nakilat provides an essential transportation link in the State of Qatar's LNG supply chain. Its LNG shipping fleet is one of the largest in the world, comprising of 69 LNG vessels. Nakilat also owns and manages one FSRU and four large LPG carriers. Nakilat operates the ship repair, industrial and offshore fabrication facilities at Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City via strategic joint ventures: Qatar Shipyard Technology Solutions and QFAB. Nakilat also offers a full range of marine support services to vessels operating in Qatari waters. For more information, visit: For media inquiries, please contact: Mr. Shammi Mohan, Head of Public Relations smohan@
