Qatar Shipping Secures USD 425 Mln Loan for Four LNG Carriers

Qatar Shipping, a subsidiary of Qatar Navigation, said it has received a 12-year, $425 million loan from a consortium of international banks.

The loan will be used to refinance existing debt facilities on four LNG tankers – Fuwairit, Lusail, Al Thakhira and Al Deebel, the company said in a statement.

The LNG tankers are all chartered to RasGas on a long-term charter basis.

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LNG World News Staff, January 23, 2014