the asphalt (Qatar) – While his country is considered one of the largest gas exporters, the CEO of Qatar Energy Company Saad Al -Kaabi said today, Tuesday, that the company aims to become the largest trader in the world for liquefied natural gas through organic growth and that it is already working to form commercial teams.
Al-Kaabi, who doubles as the state minister for energy in Qatar, also told reporters that the corporation does not have any intentions to buy another business to expand its LNG operations.
Qatar is already among the largest exporters of liquefied natural gas in the world and the North Field expansion project will enhance its position in this regard.
The Qatari minister, on the other hand, stated that Doha will not send the gas shipments it agreed with Asian purchasers to Europe this winter.
Al-Kaabi told reporters that the corporation will also not convert any shipments from Europe, where gas supplies have been cut off by Russia since its invasion of Ukraine, leading to a sharp rise in energy prices and a reduction in fuel availability.
“Qatar is definitely committed to respecting contracts . ..
We are committed to the deal when we reach a settlement with an Asian or European buyer, he said.
Al-Kaabi, on the other hand, claimed that Total Enemz is a “very essential firm” for collaborations with Qatar and that the Gulf nation and the French Energy Company will collaborate in the future.
He said that the business has set aside land in Qatar’s concrete sector for the project’s potential growth.
At a press conference following the debut of the Solar Energy Station, a partnership between Qatar Energy, Total Energy, and Japanese Marubini, the Qatar Energy Officer made the remarks.
Last July, Qatar chose the company of a fifth partner to contribute to the development of the largest liquefied natural gas field in the world after a round of agreements during the last period to attract the investments of the energy industry giants.
In the first and most expensive stage of the expansion, Qatar formed a partnership with foreign firms worth over $ 30 billion. This cooperation will strengthen Qatar’s position as the world’s largest supplier of liquefied natural gas.
The project includes the expansion of the northern northern field, and it includes about 10 percent of the world’s natural gas reserves, according to the estimates of Qatar Energy Company.
Iranian territory is covered in reserves that stretch under the Gulf of Mexico, but Tehran is unable to take use of its interest in the area due to international sanctions.
Production is scheduled to start within the project in the year 2026 and Qatar will help increase its production of liquefied natural gas from about 77 million tons to 110 million tons annually.
At a time when Western nations are attempting to lessen their dependence on Russia, the crisis in Ukraine has intensified efforts worldwide to discover new energy sources.
From Asia to Europe, Qatar claims it won’t move gas shipments.
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