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  • Qatar Petroleum Announces the Establishment of 'Ocean LNG Limited' for Marketing its International LNG Portfolio
    édité le 31/10/2016 - Plus de news de "Qatar Petroleum" - Voir la fiche entreprise de "Qatar Petroleum"


Qatar Petroleum Announces the Establishment of 'Ocean LNG Limited' for Marketing its International LNG Portfolio
Qatar Petroleum (QP) announced the establishment of Ocean LNG Limited, for the purpose of marketing its future international LNG supply portfolio sourced outside of the State of Qatar.

As part of today’s announcement, QP said that the decision to establish a marketing entity to manage its future LNG supply portfolio sourced outside of Qatar was driven by its aspirations to continue to be a global LNG leader, and to invest in LNG projects outside Qatar.

A branch office of Ocean LNG Limited will be established in the Qatar Financial Centre (QFC) in Doha to manage and undertake the activities of Ocean LNG, reinforcing Doha’s position as the world’s LNG capital.

Mr. Saad Sherida Al-Kaabi, President & CEO of Qatar Petroleum said “QP aspires to be one of the leading energy companies in the world, and LNG forms one of the cornerstones of these aspirations. As such, it is crucial for us to establish a global LNG marketing arm that will be instrumental in monetizing opportunities that Qatar Petroleum will be pursuing and capturing outside Qatar.”

Commenting on the occasion, Mr. Al-Kaabi added: “Qatar Petroleum’s position as a global LNG leader has and will continue to face challenges, but our perseverance and proven track record of success are a true testament to our ability to adapt to an ever changing industry landscape while maintaining our leadership position and our core values and commitment towards our customers. We will pursue market development opportunities in emerging and new markets and will establish LNG’s full potential, leveraging on our strengths and expertise and our understanding of the LNG market.”

Ocean LNG Limited is a joint venture company owned by a QP affiliate (70%) and an ExxonMobil affiliate (30%).

About Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.

About ExxonMobil

ExxonMobil, (NYSE:XOM) the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources and is one of the world’s largest integrated refiners, marketers of petroleum products and chemical manufacturers.


Origine : Communiqué Qatar Petroleum

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