NAKILAT AND DAMEN JOIN FORCES

March 26th, 2009 Doha, Qatar

Doha, Qatar, 26 March 2009 – Qatar Gas Transport Company Ltd. (NAKILAT) has signed a Memorandum of Understanding with Damen Shipyards Group, of the Netherlands, to form a Joint Venture which will manage a new state-of-the-art Shipyard, in the Port of Ras Laffan, for the construction of high-value ships.

The agreement was signed by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry, Chairman of the Board of Directors of Qatar Gas Transport Company Ltd. "Nakilat" and Mr. Kommer Damen Chairman of Damen Shipyard Group "Damen".

The Shipyard has been designed to produce a wide variety of vessels, such as:

• Commercial vessels (e.g. tugs, offshore supply vessels, coastal tankers, ferries).
• Naval and Coastguard vessels (e.g. corvettes, patrol boats, fast attack craft).
• Luxury yachts (custom and semi-custom steel / aluminium vessels).

Operation of the Shipyard is expected to commence in early 2010.

Qatar Gas Transport Company Ltd. (Nakilat):
NAKILAT (www.nakilat.com.qa) is a joint stock company owned 50% by its founding shareholders and 50% by the public, as a result of an IPO in early 2005. It is traded on the Doha Securities Market. NAKILAT is set to become the world’s leading owner and operator of vessels for the transportation of LNG and associated products. By 2010, NAKILAT will wholly own 25 LNG carriers and partly own an additional 29 such vessels.

Damen Shipyards Group:
Damen (www.damen.nl) is a private company which owns / operates 35 shipyards in 13 countries. Of these shipyards, 17 are in the Netherlands and 18 elsewhere. Damen is a world leader in ship construction, maintenance and repair, and provides a broad range of related services. Ship types constructed include tugs, workboats, offshore supply vessels, dredgers, product carriers, ferries, high-speed craft, naval and coastguard vessels, and luxury yachts.

NAKILAT press release