Sunday 3 November 2013

Britain seeks Qatari gas and funds - Telegraph

Britain seeks Qatari gas and funds - Telegraph:

"Britain will this week attempt to secure new long-term deals to import Qatari gas to the UK and drum up a possible £10bn of investment by the Gulf state in UK infrastructure.
Energy minister Michael Fallon will visit Qatar – which supplies about 15pc of Britain's gas – for meetings with its energy, industry and finance ministers on Monday.
"We are looking for more long-term gas supply contracts with Qatar – they have proved a very reliable partner," Mr Fallon told The Sunday Telegraph. "It's very important we strengthen our relationship with them."
Imports of liquefied natural gas (LNG) – gas cooled to minus 162 degrees for transport by tanker – are crucial to the UK as North Sea reserves dwindle.
"Already over half our gas comes from abroad and by 2030, it'll be three-quarters," Mr Fallon said. LNG accounted for 28pc of the UK's gas imports last year, 98pc of those from Qatar."

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