Pipelines & Transportation

RasGas (II) charters three Teekay Nakilat LNG carriers

Sept. 27, 2004

Ras Laffan LNG Co. Ltd. (II) [RasGas (II)], has signed an agreement to charter three LNG vessels—each with a 151,700 cu m LNG cargo capacity—from Teekay Nakilat Corp. for 20 years.

By OGJ editors

HOUSTON, Sept. 27 -- Ras Laffan LNG Co. Ltd. (II) [RasGas (II)], has signed an agreement to charter three LNG vessels—each with a 151,700 cu m LNG cargo capacity—from Teekay Nakilat Corp. for 20 years. The carriers will be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd, South Korea, and delivered to RasGas II by April 2007.

Teekay Shipping Corp. will operate the ships, but Qatar Gas Transport Co. Ltd. will assume a 30% equity interest in the three carriers.

RasGas (II) is a joint venture of Qatar Petroleum and Exxon Mobil Corp. affiliate Mobil QM Gas Inc.