LNG Message Board - Msg: 19738422

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Gold/Mining/Energy : LNG

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To: Dennis Roth who wrote (45)	1/27/2004 2:13:36 PM
From: Dennis Roth	Read Replies (2) of 919

$1bn Qatar LNG transport firm on way tradearabia.com Posted: Tuesday, January 27, 2004 Doha A giant gas transport company is to be set up in Qatar with a capital of QR5 billion ($1.37 billion), said a report. Qatar LNG Transport Company will become the largest public holding of its kind in the local market, according the Peninsula newspaper. Sixty per cent of the company's capital or approximately QR3 billion is expected to be offered for public subscription before the end of this year. The public sector, expected to include Qatar Petroleum, and Qatar Navigation Company will hold the remaining 40 per cent, said the report. The new company's activities will include the transport of LNG and the construction of a dry port for the maintenance of the ships with the participation of Gulf and foreign investments. A foreign company has been selected as financial consultant for the company, which is currently carrying out detailed technical and financial studies that are expected to be concluded within the next three months.

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