LNG

QatarEnergy's fleet of LNG carriers will reach 200 vessels within the next few years, driven by its 128-vessel shipbuilding program plus replacements. CEO Saad Sherida Al-Kaabi's said the company is finalizing contracts for over 100 newbuilds, with more to come.

QatarEnergy signed definitive agreements with CPC Corp. of Taiwan covering the long-term supply of cargoes and a partnership in the North Field East LNG expansion project in the Arabian Gulf.

QatarEnergy, the leading LNG exporter, is moving forward with another overseas oil and natural gas joint venture in the prolific pre-salt Santos Basin offshore Brazil.

QatarEnergy, the leading global LNG produce, has signed a farm-in agreement with ExxonMobil Corp. to acquire a 40 percent participating interest in two exploration blocks offshore Egypt.

Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will acquire a 40 percent working interest in each of the “Cairo” and “Masry” Offshore Concession Agreements, while operator ExxonMobil will retain the remaining 60 percent working interest.

“I am pleased with our entry into the Cairo and Masry offshore exploration blocks as they expand QatarEnergy’s presence in the Arab Republic of Egypt and extend our ambitious exploration program in-country,” said Saad Sherida Al-Kaabi, the President and Chief Executive QatarEnergy.

Partners

“We look forward to working with our valued long-term strategic partner ExxonMobil, as well as with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian Ministry of Petroleum and Mineral Resources, in this promising and prospective region,” explained Al-Kaabi.

“I would like to take this opportunity to thank the Egyptian authorities and our partners for their valuable support and cooperation,” he added.

Financial details of the latest QatarEnergy-ExxonMobil transaction were not disclosed.

The Cairo and Masry offshore exploration blocks were awarded to ExxonMobil in January 2023 and cover an area of around 11,400 square kilometres in water depths of 2,000 to 3,000 metres.

The QatarEnergy deal in Egypt was signed amid some concern about one of the main overseas LNG ventures involving QatarEnergy, the US Golden Pass export project and also involving ExxonMobil.

The Golden Pass LNG project has acknowledged ongoing discussions regarding the future role of the US Zachry group in the engineering, procurement and construction joint venture also including McDermott of the US and Chiyoda Corp, of Japan.

Golden Pass talks

“Golden Pass LNG acknowledges ongoing discussions regarding the role of Zachry within the venture,” said a statement.

“Work continues to diligently complete the project, but these discussions may impact site activity in the near term,” the statement added.

The Golden Pass liquefaction facilities are being constructed at the existing import terminal located on the Sabine-Neches Waterway in Texas.

The three liquefaction Trains will have a nameplate capacity of around 16 million tonnes per annum of LNG and ExxonMobil and QatarEnergy are marketing their own volumes.

The Train 1 mechanical completion is still on track for completion at the end of 2024 with first LNG in the first half of 2025.

Qatar Gas Transport Company, known as Nakilat, has signed a long-term agreement to charter and operate nine Q-Max class vessels as part of QatarEnergy's programme to expand its fleet of LNG carriers.

QatarEnergy the leading global LNG producer and with three growth projects being developed, has signed 19 more charter contracts with Asian owners from countries like China and Malaysia under Qatar’s LNG fleet expansion programme.

QatarEnergy, the leading LNG exporter and developer of major new liquefaction projects, has celebrated the graduation of a new group of Qatari nationals who have successfully completed their academic studies and training programmes to join the workforces of QatarEnergy and other companies established in the expanding sector.

The Arabian Gulf state of Qatar said it was going ahead with a third huge expansion project for liquefied natural gas called the North Field West (NFW) project to take overall output to 142 million tonnes per annum by the end of the decade.

QatarEnergy Chief Executive Saad Sherida Al-Kaabi has spoken about liquefied natural gas deliveries and Red Sea shipping issues at the laying of a foundation stone for one of the world’s largest petrochemical complexes being built at Ras Laffan, site of Qatar’s liquefaction plant that is being expanded to make the Qataris world leaders in LNG production and exports.

QatarEnergy, the leading liquefied natural gas supplier, signed a long-term supply agreement with a Singapore subsidiary of Japanese trading house Mitsui & Co for one of its other main products from natural gas production in the Arabian Gulf that is now expanding with the North Field LNG projects.