QatarEnergy said it has made a final decision to go ahead with delayed $6 billion Ras Laffan Petrochemicals Complex to be realized with US multinational partner Chevron Phillips Chemical (CPChem).
QatarEnergy, teamed with US energy major ConocoPhillips, has agreed to supply Germany with around 2 million tonnes of liquefied natural gas (LNG) annually over 15 years, starting in 2026.
As QatarEnergy works to expand its gas production and trading operations amid a surge in global demand, it has stressed that it will not divert liquefied natural gas (LNG) contracted with Asian buyers to Europe as some governments had hoped.
The emirate of Qatar has begun signing agreements with US and European energy majors for the country’s planned $30 billion expansion of its North Field, which is believed to harbor the world’s largest natural gas reserves. TotalEnergies is taking the top slot.
