Qatar Gas Transport (Nakilat) increased its revenues by 16% in the first quarter on a year earlier, but missed analysts’ estimates by 3%. The growth partly comes from new vessels coming into service. Yet, it may face challenges going forward from slowing LNG demand and competition from U.S. supplies. Nakilat is the second tanker company, after Stolt-Nielsen, to miss estimates. That suggests expectations for a 9% contraction for tanker industry revenues may not be pessimistic enough.