Tuesday 12 June 2018

Qatar's Nakilat, Excelerate sign deal on JV, FSRU stake | Reuters

Qatar's Nakilat, Excelerate sign deal on JV, FSRU stake | Reuters:

"Qatar Gas Transport Company (NAKILAT) said on Tuesday it had signed an agreement with U.S. firm Excelerate Energy to form a joint-venture company and acquire a 55 percent interest in a floating storage regasification unit (FSRU). “This acquisition is pivotal to the state of Qatar, as this is the first FSRU co-owned by a Qatari company, which paves the way for Qatari liquefied natural gas (LNG) to expand its outreach to developing and emerging markets,” Qatar’s Energy Minister Mohammed al-Sada said in a statement. “This will enable Nakilat to widen its international outreach and thus, secure its industry-leading position in the dynamic and competitive LNG market.”"



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