RUS | ENG | All
Укажите логин или email, которые вы использовали при регистрации.
Если вы не помните свой пароль - просто оставьте это поле пустым и вы получите новый, вместе со ссылкой на активацию.

Еще не зарегистированы?
Добро пожаловать!

2018-12-17 10:10:00

QATAR'S INVESTMENT FOR U.S.: $20 BLN

QATAR'S INVESTMENT FOR U.S.: $20 BLN

REUTERSQatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit OPEC this month.

Saad al-Kaabi, who holds the energy portfolio of the world's top liquefied natural gas (LNG) supplier, also said on Sunday the company aimed to announce foreign partners for new LNG trains needed for an ambitious domestic scale-up by the middle of next year, but was keeping open the possibility of going it alone.

Qatar, a tiny but wealthy country is one of the most influential players in the LNG market due to its annual production of 77 million tonnes. It plans to boost capacity 43 percent by 2023-2024 and will be building four liquefaction trains for the LNG expansion.

As part of its more than $20 billion investment push in the U.S. QP is looking "at gas and oil, conventional and non-conventional," Kaabi said.

Qatar Petroleum is majority owner of the Golden Pass LNG terminal in Texas, with Exxon and ConocoPhillips (COP.N) holding smaller stakes.

Kaabi said he expected to make a final decision on that investment and whether to move ahead with the project "by the end of the year, if not January."

Qatar is a relatively small oil producer compared to its massive gas production. Its decision to quit OPEC this month was seen as a swipe at the group's de facto leader Saudi Arabia, which along with the United Arab Emirates, Bahrain and Egypt, has imposed a political and economic boycott on Qatar since June 2017, accusing it of supporting terrorism, which Doha denies.

Kaabi said that proposed U.S. legislation known as "NOPEC", or No Oil Producing and Exporting Cartels Act, which could open the OPEC group up to anti-trust lawsuits, was among the reasons for quitting the oil exporting club.

Qatar Petroleum announced separately on Sunday that it was partnering with Italian oil major Eni (ENI.MI) on three oil fields in Mexico, taking a 35 percent stake in deposits that will begin production in mid-2019 and ramp up to about 90,000 barrels per day by 2021.

The company is in talks with international oil firms about the LNG expansion project at home, including Eni, Kaabi said. Other partners already operating in Qatar include Exxon Mobil Corp (XOM.N), Total (TOTF.PA), Royal Dutch Shell (RDSa.L) and ENI (ENI.MI).

QP said it will self-finance the LNG expansion rather than borrow, a shift from previous practices where it used lenders to fund up to 70 percent of project costs.

Kaabi said it could carry out the expansion alone if no good offers from foreign firms were made.

"We are looking for a lot of things (in our partners) including asset swaps, things that will help me in my international expansion," he said.

"If I don't get good deals, nobody will come."

The company currently pumps 4.8 million barrels of oil equivalent per day (boed) and aims to boost its output to 6.5 million boed in the next 8 years by expanding its upstream business abroad.

 

 -----

Earlier:

U.S. LNG WILL UP
2018, December, 12, 08:45:00

U.S. LNG WILL UP

U.S. EIA - EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 Bcf/d as two new liquefaction units (called trains) become operational.

 

AUSTRALIA: THE BIGGEST LNG
2018, December, 10, 08:35:00

AUSTRALIA: THE BIGGEST LNG

REUTERS - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.

 

 W.Asia
2018, December, 3, 12:00:00

QATAR CANCELED IN OPEC

REUTERS - “Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning,” the minister said.

 

 QATAR EXPANDS LNG
2018, September, 28, 09:55:00

QATAR EXPANDS LNG

TOGY - Qatar is seeking to expand its LNG capacity via the addition of four trains, targeting 110 million tonnes per year (tpy) by 2023.

 

 CHINA'S LNG DEMAND UP
2018, September, 10, 12:55:00

CHINA'S LNG DEMAND UP

REUTERS - China’s demand for liquefied natural gas (LNG) is expected to grow by 20 percent to 25 percent in 2018 despite heightened trade tensions with the United States, Qatari Energy Minister Mohammed al-Sada said.

 

 QATAR NEED INVESTMENT
2018, September, 10, 12:45:00

QATAR NEED INVESTMENT

GULF TIMES - HE Minister of Energy and Industry Dr Mohammed bin Saleh al-Sada affirmed that Qatar’s large gas reserves require an expansion effort, adding this is why Qatar has decided to increase this sector’s growth by 30%.

 

 

 QATAR LNG - 2024: 100 MLN MT
2018, June, 13, 12:50:00

QATAR LNG - 2024: 100 MLN MT

PLATTS - "There is no LNG supply glut," Sada said. "There may be a surplus of only 10 million mt/year of LNG in the early 2020s [but] in a 350 million mt/year LNG market, this means that the market is practically in balance," he said.

 
 

  

Tags: QATAR, INVESTMENT, USA, LNG, GAS