March 30 (LNGJ) - Qatar Petroleum said it would become the 100 percent owner of Qatargas I and all its assets and facilities from January 2022 as joint venture contracts ran down and as the nation also embarked on a large-scale LNG expansion from North Field assets in the Gulf. The Qatargas company had merged in 2017 with the third Qatari energy company, Ras Laffan Liquefied Natural Gas Co., or RasGas as it was known. Qatargas 1 comprises the smaller Trains at Ras Laffan
“The takeover by Qatar Petroleum will conclude more than 25 years of successful operations of Qatargas I from which the first ever Qatari LNG cargo was exported,” said Saad Sherida Al-Kaabi, President and Chief Executive of Qatar Petroleum. “This is a momentous event that highlights Qatar Petroleum's efforts to further enhance the utilization of our natural resources,” he stated. “I would like to thank our valued partners, Total, ExxonMobil, Marubeni and Mitsui for their efforts in the development and operation of QG1 over the past three decades,” added al-Kaabi.
