Qatar’s Nakilat in decarbonization pact with ABS

Qatari LNG shipping giant Nakilat has joined forces with classification society ABS to develop its decarbonization strategy.

Over the past months, Nakilat’s project team has worked closely with ABS sustainability specialists to map out decarbonization pathways for the company’s fleet of 69 LNG carriers but also four very large LPG gas carriers, it said in a statement on Tuesday.

“The project will ultimately see Nakilat’s vessels receive the ABS Sustain notation, which demonstrates alignment with the United Nation’s Sustainable Development Goals (SDGs) and establishes a pathway for sustainability certification and reporting,” the Doha-based LNG shipper said.

ABS introduced the Sustain notations in its guide for sustainability notations to help marine and offshore operators meet the ESG requirements outlined in the SDGs.

Moreover, the guide focuses on sustainability aspects of vessel design, outfitting and layout that operators can control, measure, and assess.

These include pollution and waste, coastal and marine ecosystems, energy efficiency and performance monitoring, low-carbon fuels, human-centered design but also asset recycling, according to the statement.

Chief executive Abdullah Al Sulaiti said Nakilat would focus on sustainable development of its fleet beyond 2030, which contributes towards the realization of Qatar National Vision 2030 and the company’s own vision.

“We recognize the important role we play in reducing our carbon footprint,” Al Sulaiti said.

“In addition to this partnership with ABS, we are also leading a working group with our joint venture partners to ensure our global fleet operations meet with IMO’s decarbonization targets,” he said.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

GTT opens Qatar office

French LNG containment giant GTT has opened a new office in Doha, Qatar's capital and economic hub. GTT’s chairman Philippe...

ABS explores potential of nuclear-powered LNG carriers

US classification society ABS released a study investigating how a small modular reactor could power a standard liquefied natural...

Nakilat’s Q3 profit up 7.2 percent

The firm reported net profit of about 1.28 billion riyals ($352 million) for the quarter. This compares to 1.19 billion riyals in...

Wison gets ABS nod for new FLNG design

ABS granted the approval in principle to Wison on September 19 during the Gastech conference in Houston. The classification society...