LNG

QatarEnergy, the world’s No. 2 LNG producer after Australia, is continuing to focus on exploration and production with partner ExxonMobil and both have signed a production sharing contract for one of the few expanding Basins in the West, the East Mediterranean.

ExxonMobil and Qatar Petroleum, the leading global liquefied natural gas stakeholders, have made a large natural gas discovery offshore Cyprus in the Eastern Mediterranean, opening more prospects for regional LNG production.