Qatar Petroleum

Qatar Petroleum Signs LNG Supply Deal with China’s Sinopec

Qatar Petroleum Signs LNG Supply Deal with China’s Sinopec

State-owned Qatar Petroleum (QP) on Monday signed an agreement to supply China Petroleum & Chemical Corp., aka Sinopec, with 2 million tons (Mt) of liquefied natural gas (LNG) annually for a term of 10 years.  The deal is yet another bold move for QP as it looks to strengthen its hand in the future of…

March 22, 2021
Qatar Petroleum Awards $2B EPC Contract for North Field to Build LNG Prowess

Qatar Petroleum Awards $2B EPC Contract for North Field to Build LNG Prowess

State-owned Qatar Petroleum (QP) has dished out an engineering, procurement and construction (EPC) contract worth more than $2 billion to expand the liquefied natural gas (LNG) storage and loading facilities for the giant North Field East (NFE) project. QP said Monday the lump-sum EPC contract was awarded to Samsung C&T Corp., only weeks after picking…

March 3, 2021
Worldwide LNG Market a ‘Big Boy Game,’ Says Qatar Petroleum CEO

Worldwide LNG Market a ‘Big Boy Game,’ Says Qatar Petroleum CEO

The natural gas export market is more difficult and complex to steer than for oil and definitely not for the weak of heart, Qatar Petroleum (QP) CEO Saad Sherida Al-Kaabi said Tuesday. The world’s biggest liquefied natural gas (LNG) producer is attempting to keep its grip on the No. 1 position with the two-phase expansion…

March 2, 2021
Qatar Sanctions Massive $30B North Field East LNG Project

Qatar Sanctions Massive $30B North Field East LNG Project

State-owned Qatar Petroleum (QP) is moving ahead with the largest liquefied natural gas (LNG) export project ever to be sanctioned, staking a claim to the world’s projected future demand. QP announced a positive final investment decision (FID) Monday for the North Field East (NFE) Project, which has been in the works for years and would…

February 9, 2021
Qatar Petroleum Launches Initiative to Cut Emissions from LNG, Upstream Operations

Qatar Petroleum Launches Initiative to Cut Emissions from LNG, Upstream Operations

State-owned Qatar Petroleum (QP), the world’s leading liquefied natural gas (LNG) exporter, has unveiled an ambitious plan to cut emissions and drastically reduce the environmental footprint of its fossil fuel operations.  The company said its “sustainability strategy” establishes targets to align with the goals of the United Nations climate accord, aka the Paris agreement, drafted…

January 21, 2021
Qatar Petroleum LNG Trading Arm Inks First Supply Deal to Curb Climate Impacts

Qatar Petroleum LNG Trading Arm Inks First Supply Deal to Curb Climate Impacts

State-owned Qatar Petroleum (QP) has signed its first long-term deal to supply liquefied natural gas (LNG) that would detail emissions generated to produce and deliver the cargoes as more countries scrutinize the super-chilled fuel’s climate impacts.  QP agreed to supply Singapore’s Pavilion Energy Trading & Supply Pte Ltd. with 1.8 million tons (Mt) annually for…

November 11, 2020
Qatar Petroleum Secures Bulk of Capacity at Europe’s Largest LNG Import Terminal

Qatar Petroleum Secures Bulk of Capacity at Europe’s Largest LNG Import Terminal

Qatar Petroleum (QP) has secured roughly 40% of the capacity available at Europe’s largest liquefied natural gas (LNG) import terminal in the UK, solidifying the state-owned company’s role as the region’s dominant supplier. QP said an affiliate signed a 25-year agreement for 7.2 million tons (Mt) of storage and regasification capacity annually at National Grid…

October 14, 2020