Qatar Petroleum to become sole owner of Qatargas
Gulf Times 30/03/2021
Qatar Petroleum on Tuesday announced that it will not be renewing the Qatargas Liquefied Natural Gas Company Limited (QG1) joint venture upon the expiry of the relevant agreements on 31 December 2021. As a result, Qatar Petroleum will become the owner of 100% of the QG1 assets and facilities on 1 January 2022.
Established in 1984, QG1 is a joint venture between Qatar Petroleum and affiliates of Total, ExxonMobil, Marubeni and Mitsui. QG1 was the pioneering LNG project to be developed in Qatar, whose success has paved the way for the development of Qatar’s LNG industry, leading to where it stands today.
