Qatargas receives its latest LNG carrier

Mr. Faisal Al Suwaidi, Chief Executive Officer of Qatargas Operating Company said; "This is the first of the new generation of liquefied natural gas carriers for the company and we are pleased to see this ship delivered safely. It is an exciting time for Qatargas as the pioneers of these new LNG ships and the industry as a whole as we make this step change."

Mr. Muhammad Ghannam, Nakilat's Managing Director said; "'MOZAH' is our flagship, the very first Q-Max ever built and the largest and most advanced LNG carrier in the world. The delivery of 'MOZAH' is a key milestone for Nalikat as it is the first of our 14 Q-Max ships and also the first of our twenty-five wholly owned LNG carriers in our fleet of 54 vessels which are being built in the Korean shipyards to service Qatar's massive LNG expansion projects.

"MOZAH" will be used to ship LNG produced by Qatar Liquefied Gas Company Limited (II), known as Qatargas 2, to customers in Europe.

The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. The Q-Max has 80 percent more capacity than conventional LNG carriers with about 40 percent lower energy requirements due to the economies of scale created by their size and the efficiency of the engines. Q-Max LNG carriers are unique and purpose built for Nakilat and will be on long-term charter to Qatargas.

Qatargas 2 shareholders are Qatar Petroleum, ExxonMobil Qatargas II Limited and Total E&P Qatargas II Holdings LTD.