Exclusive: Oil giants shower Qatar with crown jewels in race for LNG prize - Reuters:
When Royal Dutch Shell wanted to buy a stake last year in a promising exploration block off South Africa, Total, the asset’s main shareholder, used its right to stymie the deal and acquired the share itself, only to sell it on to Qatar Petroleum.
The rapid turn of events caught some of those involved by surprise, according to company sources close to the transaction, whose details have not previously been reported.
For Total, it was part of a wider quest to tighten ties with Qatar Petroleum (QP) in an effort to secure a stake in the Gulf country’s planned expansion of its liquefied natural gas (LNG) facilities, already the world’s largest and one of the most lucrative projects in the energy sector.
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