QATAR: Gazprom, Qatar seek joint investments …after opening Doha Office

Gazprom Qatar Office Opening Ceremony
The representative office of Gazprom was opened at the Al Gassar Tower in West Bay yesterday. The office was inaugurated by HE al-Sada in the presence of Gazprom chairman Victor Zubkov, Russian Deputy Energy Minister Pavel Fedorov, Bokhanovskiy, Russian Embassy Charge d’ affaires Dmitry Trofimov and Gazprom head (International Business Department) Pavel Oderov. The Gazprom rep office in Doha is expected to be a catalyst for the company’s growing relationship with QP, Qatargas, RasGas and other Qatari government institutions.

Qatar plans to pursue joint investments with Gazprom after the Russian gas-export monopoly opened an office in Doha, Qatar’s energy minister said yesterday.

“Qatar is always looking for opportunities to co-operate, especially for investment throughout the world,” HE Mohamed bin Saleh al-Sada told reporters at the official opening of the office yesterday.

Russia and Qatar, holders of the world’s first- and third- biggest gas reserves respectively, have increased co-operation since the Gulf country raised exports of liquefied natural gas to Europe, Gazprom’s largest market.

Qatar, the biggest exporter of liquefied natural gas, is pursuing energy projects abroad amid a moratorium on new development of its North Field, the world’s largest gas reservoir.

Qatar increased its capacity to export liquefied natural gas, which is transported by ship, from zero to 77mn tonnes in the 15 years ended 2011.

During that time, it signed deals to export LNG to European nations including Italy, Spain, Poland and the UK. The added supply of Qatari gas has encouraged importers to cut their dependence on Russian supplies.

The Gas Exporting Countries Forum, headed by Russia’s Leonid Bokhanovskiy, is headquartered in Doha. The 13-member group seeks to promote co-operation on gas exports.

Qatar Petroleum International, the foreign investment arm of the state energy company, said two years ago it was negotiating buying a stake in Novatek’s Yamal LNG project in Russia’s arctic.

Source: Caye Global News

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