LNG CARRIER “AL BAHIYA” DELIVERED

SOUTH KOREA, 27 January  2010: Today another of the world’s largest and most advanced Q-Flex LNG carriers was delivered to Nakilat and chartered on long term contract to Qatar Liquefied Gas Company Limited (4), known as QG4, at Daewoo Shipbuilding & Marine Engineering Co. Ltd., shipyard on Geoje Island.

The Nakilat owned Q-Flex LNG Carrier “Al Bahiya” (210,000 CBM) will be used to ship LNG produced by QG4, to markets primarily in North America, People’s Republic of China and Dubai.

The Q-Flex and the even larger Q-Max are a new generation of LNG mega-ships. The Q-Max has 80 percent more capacity than conventional LNG carriers with about 40 percent lower energy requirements due to the economies of scale created by their size and the efficiency of the engines. Q-Max LNG carriers are unique and purpose built for Nakilat and allow for more efficient transport of Qatar’s natural gas to markets throughout the world.

QG4 shareholders are Qatar Petroleum and Royal Dutch Shell.