Nakilat reports strong Q3 income, stable operations

Qatar Gas Transport Co QPSC (Nakilat) reported a net profit of QAR1.3Bn (US$360M) for Q3 2025, an increase of 3.0% year on year. Total income was QAR3.5Bn, up 1.5% on the same period of 2024.

Nakilat stated the performance reflected efficient execution and stable operations, with continued attention to safety, operational quality and environmental performance.

Nakilat chief executiveAbdullah Al-Sulaiti said the company delivered a strong quarter and linked the outcome to execution discipline and stable operations.

He also said the group was approaching a pivotal phase in its expansion plans as its liquefied natural gas (LNG) fleet growth programme moved from planning to execution, and he referred to the first vessel from the expansion project being scheduled for delivery by the end of 2026.

The release stated the company enhanced its financial flexibility through a financing agreement with the Export–Import Bank of Korea covering the delivery of 25 LNG carriers.

Nakilat said it implemented measures intended to improve efficiency and reduce costs across its fleet and operations.

The company said it continued to give priority to health, safety and environmental protection, and recorded ongoing preparations to maintain strong ratings in occupational health and environmental audits.

Nakilat’s LNG shipping fleet comprised 69 LNG carriers, together with one floating storage and regasification unit and two large liquefied petroleum gas carriers, and the group includes an associated ship repair, industrial and offshore fabrication activities conducted through subsidiary and joint-venture entities in Qatar.

Currency note: conversions in brackets use QAR3.64=US$1 (end Q3 2025).