The first phase of what is a large management transition of LNG carriers between Nakilat and Shell International Trading and Shipping Company (Shell) and its wholly-owned subsidiary, Nakilat Shipping Qatar Limited (NSQL), is complete. The transition of management of these assets to Qatar’s gas supply chain will play an essential role in Qatar’s aspirations for economic diversification and growth, as well as the provision of global energy. This has included ship management of 14 Q-Max and 11 Q-Flex LNG carriers and the sharing of Shell’s shipping expertise to support the development of Qatar’s LNG shipping capability.
The latest vessel transition— The Q-Max LNG carrier Al Mafyar—brings the fleet size managed by NSQL to 18 vessels, comprising of 14 LNG and 4 LPG carriers, with Al Mafyar being the tenth vessel to transition in 10 months. Built in South Korea by Samsung Heavy Industries and delivered in May 2009, Al Mayfar is wholly-owned by Nakilat and chartered by Qatargas, with a cargo capacity of 266,370 cubic meters.