Tag: Qatar

Turkey launched the world's biggest ship-to-ship LNG transfers on January 2 in the mediterranean port of Dortyol, Mehmet Tecimen, oil utilities regional director of Turkish Petroleum Pipeline Corporation (BOTAS) announced. Turkey aims to limit dependency on pipeline gas through FSRUs, and therefore, these units dock at ports close to regions with higher gas demand. 

Qatar announced its decision to leave OPEC on January 1, as the country's state oil company, Qatar Petroleum, informed. This is part of Qatar's attempts to give emphasis on natural gas production, the Minister of state for energy affairs, Saad Sherida Al-Kaabi, explained.

On November 22, Qatar's ambassador, Saoud bin Abdulrahman, visited Al Thani, Oldenburg and Wilhelmshaven for an information exchange regarding the construction of an LNG import infrastructure in Wilhelmshaven. Saoud bin Abdulrahman believes that Wilhelmshaven would be a good LNG location.

QTerminals announced that it has received approval to design, develop and operate Phase II (Container Terminal 2) of Hamad Port. The project will be launched in the beginning of 2019 as stated by the Qatar's Minister of Transport and Communications.

Phase II of Hamad Port development is set to be declared before the end of 2018. The project will be launched in the beginning of 2019. The Minister of Transport and Communication, stated that the first phase of the project concerning equipment, operation and clearance has been completed. Later on, the port will go through some major changes during the second phase of the project. 

Qatar Petroleum announced that it signed a sale and purchase agreement to directly supply China with 600,000 metric tons of Liquefied Petroleum Gas per year for five years. The LPG industry continues to record sustainable growth in China, as LPG is used for domestic use and the growing petrochemical sector.

On the sidelines of a conference in Berlin, Qatar’s Emir revealed plans to invest EUR 10 billion over the next five years, to bolster ties with Germany, Europe’s largest economy and biggest energy consumer. The funding includes the possible creation of a LNG terminal.

In April 2017, Qatar lifted the North Field natural gas production moratorium that had been in place since 2005. This will allow Qatargas to increase production from the world’s largest gas field and export more LNG volumes, according to research company Rystad Energy.

Qatar Petroleum signed a set of Guiding Principles on reducing methane emissions across the natural gas value chain, becoming the first Middle East national oil firm to join the wider efforts by the global energy industry to ensure that natural gas continues to play a critical role in future energy demand while addressing climate change. 

The recent announcements by Qatar Petroleum were led by the planned expansion of North Field production, which will enhance Qatar’s position by increasing its LNG production from 77 million to 100 million tons per year. It also came at a time of an increasing international upstream activity,