Eng. Abdullah Al-Subaie

Eng. Abdullah Al-Subaie leads Nakilat (Qatar Gas Transport Company) as CEO, operating and managing the world's largest fleet of LNG (liquefied natural gas) carriers. Nakilat's fleet exceeds 70 LNG vessels — purpose-built ships that transport LNG at -162°C from Qatar's massive gas liquefaction plants to importing terminals in Asia, Europe, and the Americas. Qatar is one of the world's largest LNG exporters, and Nakilat is the critical maritime logistics link in this supply chain. Nakilat's business model is characterized by extremely long-term, stable cash flows: most of its vessels operate under 25-year time charter agreements with QatarEnergy (Qatar's national energy company), providing predictable revenue regardless of spot shipping market fluctuations. The company's fleet is being expanded significantly to support the North Field LNG expansion — the world's largest LNG project, which will increase Qatar's LNG production capacity by approximately 60%. The company also operates Erhama Bin Jaber Al Jalahma Shipyard (through a joint venture with Keppel O&M), providing ship repair and maintenance services. Key stock drivers include LNG shipping fleet expansion for North Field expansion, charter rate stability and renewals, global LNG trade growth, vessel operational efficiency, shipyard revenue, debt management (Nakilat carries significant ship financing debt), and QatarEnergy's long-term LNG export strategy.