Shell to Manage Nakilat’s LNG Fleet

Monday, November 20, 2006
Qatar Gas Transport Company Ltd (Nakilat) has appointed Shell International Trading and Shipping Company Limited (Shell) to manage its fleet of at least 27 new LNG carriers in a 25-year deal. Under this arrangement it is expected that Operational Management will be transferred to Nakilat within 12 years. The agreement will involve Shell providing a range of shipping services to Nakilat including ship management as well as the transfer of know how and expertise to allow Nakilat to develop its own LNG Ship Management Company in Qatar, a news release said. This new fleet of LNG vessels, currently under construction, will be put into service over the next four years to transport product from four of Qatar's major LNG projects: Qatargas II (Train 5), Qatargas 3 (Train 6), and, subject to the agreement of the JV partners, RasGas III (Train 7) and Qatargas 4 (Train 7). These vessels will have capacities of approximately 215,000 cubic meters and 265,000 cubic meters. source: The Peninsula
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