Nakilat secures $662.4m refinancing

03 July 2013

Two local banks fund latest refinancing

Maran Nakilat, a joint venture between Qatar Gas Transport Company (Nakilat) and Greece’s Maran Ventures, has secured a $662.4m refinancing from a group of Qatari banks.

The deal was funded by Qatar Islamic Bank and Barwa Bank and proceeds will be used to fund the purchase of an additional two LNG vessels. It is the second refinancing completed by Nakilat or its subsidies in the last month, after it completed a $917m loan from Qatar National Bank.

As a result of the recent transactions, Nakilat will expand its fleet of vessels exporting Qatari gas to the world to 56.

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