Nakilat posts QR1.29 bn Q3 profit, advances 40-vessel fleet expansion

Nakilat, a leading LNG transportation company, saw a net profit of QR1.29 billion in the third quarter of 2026, a slight decrease of QR20 million or 1.5 percent compared to the same period last year. Despite the challenging operating environment, the company maintained its operational reliability and advanced its fleet expansion and industrial projects.

CEO Eng Abdullah Al Sulaiti highlighted that the company remained committed to supporting Qatar's energy transportation sector and meeting customer needs, implementing cost-control measures while ensuring stable core activities. Notably, Nakilat named its first newbuild 88,000-cubic-metre liquefied petroleum gas (LPG) and ammonia carrier, marking a significant milestone in its fleet diversification strategy.

The company also made progress on its newbuilding programme, which includes an orderbook of 40 vessels currently under construction in South Korea and China. Additionally, Nakilat contributed to the development of Qatar's strategic energy projects through its industrial and marine subsidiaries, supporting local capabilities and meeting the energy industry's requirements.