Wednesday 24 January 2018

Qatar sees stampede for gas projects to help beat crisis

Qatar sees stampede for gas projects to help beat crisis:

"U.S. and European oil majors are piling in with offers to help Qatar develop new gas projects, the country’s energy minister said, despite a protracted crisis in the Gulf region and pressure on firms to chose between Qatar and its neighbors. Mohammed al-Sada told Reuters Doha had seen unprecedented interest from majors as Qatar seeks to expand its gas capacity to 100 million tonnes a year from the current 77 million to cement its position as the world’s largest exporter. “Both U.S. and EU majors have shown great interest. We did expect this, but they surprised us on the upside by the degree of keenness,” said al-Sada, when asked whether firms had expressed concerns about potential pressure from Saudi Arabia and the United Arab Emirates (UAE) not to cooperate with Qatar. "



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