Qatar's Nakilat posts profits of QAR766m in 2012

Qatar Gas Transport Company Ltd. (Nakilat) announced Sunday that its profits in 2012 topped 766 million Qatari riyals (some USD 210.5 million).  Approving the financial results, the board of directors decided to distribute dividends among the shareholders amounting to one riyal per share that is equal to 10 percent of the nominal value of a Nakilat share.  Nakilat's strength is largely derived from its core business of shipping Qatari gas to global markets. Its fleet of 54 wholly- and jointly-owned LNG and four LPG vessels comprises the world's newest and largest gas fleets, with all vessels incorporating modern technology to ensure the safe, environmentally sound and cost-effective transportation of gas.  The LNG vessels represent a total investment of approximately USD 11 billion and have a combined carrying capacity of over 8.5 million cubic meters or 15 percent of the world capacity.