Qatar eyes stakes in Yamal

The closer gas cooperation between Russia and Qatar might pave the way for Qatar stakes in the Yamal Peninsula.

As confirmed by Prime Minister Vladimir Putin and Qatar’s Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani in their meeting this week, the two gas producing giants agree to strengthen cooperation.

While Gazprom hopes to engage in the development of Block D at the North Field in Qatar, the Qatar Petroleum is interested in taking part in the development of a LNG plant at Yamal.

While the North Field is considered the biggest gas field in the world, the Yamal deposits are Russia’s biggest and Gazprom’s top priority.

During his visit to Russia, Sheikh Hamad bin Jassim bin Jabor Al Thani met both with Prime Minister Vladimir Putin and Gazprom CEO Aleksey Miller.

See press releases from the meeting with Putin and Miller here END

* username: rupertbu