Qatar Gas Transport Company (Nakilat) achieved a net profit of QR857mn in H1 2026 compared to QR860mn for the corresponding period in 2025.
Eng Abdullah al-Sulaiti, Nakilat CEO, said: “In light of the current situation in the region and its impact on business performance, our Marine Services segment was significantly affected, with ship repair, shipping agency, and towage services experiencing a noticeable decline.
“Despite these challenges, we continued to fulfil our strategic role in providing LNG shipping services to our customers and took decisive cost-control measures to maintain the stability of our core operations while ensuring the highest levels of fleet reliability. We remain steadfast in our commitment to serving our customers under all circumstances.”
During this period, Nakilat was awarded the ‘East Export Credit Deal of the Year’ by Marine Money, the world’s leading provider of shipping finance information. The recognition was given for the Nakilat Conventional Inc financing for 25 LNG carriers, a landmark financing transaction supporting the company’s ongoing fleet expansion programme and its strategic role in Qatar’s LNG value chain.
In H1 2026, Nakilat continued to advance its strategic growth initiatives and fleet expansion programme, which comprises a total order book of 40 newbuild vessels under construction at leading shipyards in South Korea and China.
Throughout the period, the newbuild programme achieved a series of key construction milestones across its shipyards in South Korea, including steel-cutting, keel-laying, and vessel-launching events for both conventional LNG carriers and LPG/ammonia carriers.
These milestones reflect the steady momentum of the company’s delivery schedule, with the first newbuild deliveries on track to commence later in 2026.
Nakilat was also recognised among Forbes Middle East’s ‘100 Most Valuable Companies for 2026’, reaffirming its standing among the region’s leading listed companies and its leadership in the maritime and energy logistics sector. The company maintained its unwavering focus on safety, excellence, and sustainability across its operations throughout the period.
Nakilat will host a conference call to discuss the financial results for H1 2026 Wednesday (July 22) at 1.30pm (Doha Time). The conference presentation will be published on the company’s website before the call.
