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The Latest Breaking News from QatarEnergy

Qatar announces new gas output boost with mega field expansion

Overall expansion of North Field from 77mtpa currently to 142mtpa by 2030 represents 85 percent increase in production.

Al Jazeera

PM Modi to visit Doha on February 14, will hold bilateral meeting with Emir of Qatar

After completing his UAE visit, Prime Minister Narendra Modi will travel to Doha on February 14 to hold bilateral meetings with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, there, the Ministry of External Affairs announced on Monday. Read further on Dynamite News:

Dynamite News

Qatar announces 27-year gas deal with Italy's Eni

Qatar has agreed to supply Italian firm Eni with natural gas for 27 years, the Gulf emirate's state-owned energy company announced Monday. The deal comes after similar contracts with France and the UK.

Radio France Internationale

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Qatar secures second major LNG supply deal with China

Under the deal, China will purchase four million metric tonnes of LNG annually from Qatar.

Al Jazeera

China’s Sinopec to Take 5% Share in Qatar’s North Field East

China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday. QatarEnergy had said previously that it could give up to a 5% stake in the…

Asharq Al-Awsat

China's CNPC Set to Seal Mega Qatari LNG Deal

China National Petroleum Corp (CNPC) is close to finalizing a deal to buy liquefied natural gas (LNG) from QatarEnergy over nearly 30 years from the Middle Eastern exporter's massive North Field expansion project, three people with knowledge of the matter told Reuters. If sealed, this would be the second such…

Asharq Al-Awsat

QatarEnergy to Join Lebanon Offshore Oil and Gas Exploration

QatarEnergy will join TotalEnergies and Eni in a three-way consortium to explore oil and gas in two maritime blocks off the coast of Lebanon, the Lebanese energy ministry said on Thursday. Following months of talks, QatarEnergy is set to take a 30 percent stake, leaving France's TotalEnergies and Italy's Eni…

Asharq Al-Awsat

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Qatar to Build Biggest Ethane Cracker Worth $6 Bln

QatarEnergy announced on Sunday the final investment decision on the $6 billion Ras Laffan Petrochemicals Complex with partner Chevron Pillips Chemical which is expected to be the largest of its kind in the Middle East. The complex, expected to begin production in 2026, includes an ethane cracker with a capacity…

Asharq Al-Awsat

Qatar’s gas output increase could cause catastrophic global heating, report says

If Qatar exploits all its reserves it will add 50bn metric tons of CO2 to atmosphere, more than entire annual emissions of whole world

The Guardian - US

Qatar says it sees ‘no limit’ to German gas shipments amid World Cup controversy

Qatar said there was no limit to the amount of liquefied natural gas (LNG) that the country is willing to ship to Germany, after signing a 15-year deal on Tuesday.

The Independent UK

QatarEnergy, ConocoPhillips sign LNG deal for Germany

The agreement provides Germany with two million tonnes of LNG annually for at least 15 years starting from 2026.

Al Jazeera

QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project. The deal will provide Germany with 2 million tons of LNG…

Asharq Al-Awsat

Qatar Signs 27-Year LNG Deal with China

QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far as volatile markets drive buyers to seek long-term deals. Following Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast…

Asharq Al-Awsat

Oil and gas firms planning ‘frightening’ fossil fuels growth, report finds

Analysis released at Cop27 climate summit shows plans would thwart chances of keeping global heating to 1.5C

The Guardian - UK

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Asharq Al-Awsat

QatarEnergy Seeks to Acquire 30% stake in Lebanon's Offshore Exploration Area

QatarEnergy is in talks with the Lebanese government to acquire a 30 percent stake in an offshore exploration area and is also negotiating with TotalEnergies and Eni in this regard, announced CEO Saad al-Kaabi. Two sources told Reuters last week that TotalEnergies and the Lebanese government have reached a deal…

Asharq Al-Awsat

QatarEnergy Names Shell Partner for LNG Expansion Project

QatarEnergy's chief executive on Sunday named Shell a partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for…

Asharq Al-Awsat

QatarEnergy Has No Intentions to Increase EU Gas Supply Next Winter

QatarEnergy is working on expanding its gas production and trading operations as global demand surges and will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe this winter, announced CEO Saad al-Kaabi. Qatar is already among the world's top LNG exporters, and several European states, facing a…

Asharq Al-Awsat

Qatar Inaugurates Solar Plant as World Cup Approaches

Qatar inaugurated Tuesday its first solar power plant stretching across the desert, a vast site planned to provide up to 10 percent of the Gulf nation's energy supply. The solar farm in al-Kharsaah, west of the capital Doha, is "one of the biggest" in the Middle East, said Saad Sherida…

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Asharq Al-Awsat

TotalEnergies to Invest $1.5 bln in Qatar

France’s TotalEnergies has signed a $1.5 billion investment agreement in expanding Qatar’s natural gas production as Europe rushes to find new energy sources to replace Russian supplies. TotalEnergies Chief Executive Patrick Pouyanne, who traveled to Doha for the agreement signing, said the deal came at a "perfect time" to help…

Al Jazeera

TotalEnergies invests $1.5bn in Qatar gas expansion project

TotalEnergies to invest $1.5bn in Qatar’s North Field South gas project as Europe scrambles to find new energy sources.

Reuters

EU's Michel to discuss energy on Qatar trip this week - Qatari official

European Council President Charles Michel will hold talks with major gas producer Qatar on Europe's energy crisis during a visit to Doha this week, a Qatari government official said on Sunday.

StockNews.com

The 4 Top-Performing S&P 500 Stocks as of July 2022

Worries over the Fed’s hawkish stance to curb the rising inflation and growing recession risks have weighed heavily on market sentiment, causing the benchmark S&P 500 to tumble significantly. However, fundamentally sound S&P 500 stocks Occidental Petroleum (OXY), Hess (HES), Valero Energy (VLO), and Exxon Mobil (XOM) managed to gain…

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Al Jazeera

Shell buys 6.35% stake in Qatar's $29 billion gas field expansion project

British multinational company joined $29bn project on the world’s biggest gas field, taking a 6.35 percent stake.

Al Jazeera

Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

Delegates at the economic forum discussed diversifying economies, while Musk gave updates on Twitter acquisition.

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