CorporateMiddle East

Qatar’s Nakilat says logs highest yearly profit

By LNG Prime Staff
Qatar’s Nakilat says logs highest yearly profit
Image: Nakilat

Qatari LNG shipping giant Nakilat posted its best-ever yearly profit in 2021 as it continued to grow the company’s fleet.

Nakilat logged a consolidated net profit of about 1.35 billion riyals ($378.8 million) in the January-December period, a rise of 16.7 percent when compared to 1.16 billion riyals in 2020, the firm said on Sunday.

In addition, Nakilat said its revenue reached about 4.14 billion riyals ($1.13 billion) last year, up 3.1 percent when compared to the year before.

The LNG shipper said its board recommended a cash dividend at 0.12 riyals per share.

In October 2021, Nakilat took delivery of the 173,400-cbm Global Sea Spirit, followed by the 174,000-cbm Global Sealine in January this year.

Following these deliveries, Nakilat’s fleet rose to 74 vessels. These include four LPG carriers and one FSRU.

Most Popular

LNG Terminals

Update: Shell’s LNG Canada receives LNG cargo

Shell’s LNG Canada has received a cargo of liquefied natural gas as part of the commissioning and start-up phase.
LNG Terminals

DOE gives further boost to US LNG exports

The US Department of Energy (DOE) has removed a regulatory barrier that required liquefied natural gas (LNG) projects to start export within seven years of receiving regulatory approval.
LNG Terminals

Williams launches Transco pipeline expansions

US natural gas pipeline operator Williams has launched two fully contracted expansions of the existing Transco pipeline to meet growing domestic demand and LNG exports.

More News Like This

Vessels

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.
Vessels

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Samho has officially started building Nakilat’s first of two LNG carriers as part of an order placed last year.
Vessels

Hanwha Ocean starts work on Nakilat’s LNG carrier

South Korean shipbuilder Hanwha Ocean has officially started building Nakilat's first of eight LNG carriers under the massive QatarEnergy shipbuilding program.
Corporate

Nakilat’s profit up 5.1 percent

The firm reported a net profit of about 1.64 billion riyals ($450.4 million) for the year ending December 2024. This...

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA