Nakilat Plans To Raise Initial Debt Up To US$4.3 Billion
Qatar, November 28, 2006
Nakilat, plans to raise initial debt in the amount of up to
US$4.3 billion from various 
sources to fund the building of 16 liquefied natural gas LNG vessels for the
purposes of transporting LNG from Qatari LNG extraction and production
facilities to world markets. The 16 LNG vessels are being constructed in Korean
shipyards and are scheduled for delivery to Nakilat Inc. from 2008 to 2009. The
16 LNG vessels will be 100% owned by Nakilat Inc. and its 16 vessel owning
subsidiaries.
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