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Nakilat's 2012 net income down 8%
- Qatar: Tuesday, March 12 - 2013 at 06:10
Qatar Gas Transport Co (Nakilat), which has posted an 8% drop in 2012 profit to QR765.5m ($210m), is seen to report a 10% increase in profit this year, Bloomberg has reported. Nakilat "remains Qatar's primary LNG carrier and benefits from stable-visible revenue and cash flow" via fixed-charter contracts with state-controlled LNG producers, Qatar Liquefied Gas Co and Ras Laffan Liquefied Natural Gas Co, QNB Financial Services said. The firm has expanded into dry dock operations and ship building after receiving the last of 25 wholly-owned and 29 partly-owned LNG tankers, which are leased under long-term contracts to Qatargas and Rasgas.
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