The European Commission announced today that it has opened an investigation into certain terms and conditions of long-term LNG supply agreements into Europe by Qatar Petroleum and five of its liquefied natural gas (LNG) subsidiaries that are operated by Qatargas.
The investigation will look into the potential anti-competitive implications that such terms and conditions may have on trade within the European Economic Area.
Qatar Petroleum wishes to stress that it gives the highest importance to compliance with regulatory authorities in all geographical areas in which it operates. Qatar Petroleum looks forward to working with the European Commission to address any queries or concerns they may have in this regard.
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.