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☆ North Field East project: QatarEnergy signs deal to supply gas to China for 27 years
▼ + stars: | 2022-11-21 | by ( ) edition.cnn.com time to read: +2 min

“Today is an important milestone for the first sales and purchase agreement for North Field East project, it is 4 million tonnes for 27 years to Sinopec of China,” Kaabi said at an interview in Doha, shortly before the signing of the deal. The North Field is part of the world’s biggest gas field that Qatar shares with Iran, which calls its share South Pars. QatarEnergy earlier this year signed deals for North Field East, the first and larger phase of the two-phase North Field expansion plan, which includes six LNG trains that will ramp up Qatar’s liquefaction capacity to 126 million tonnes per year by 2027 from 77 million. It also later signed contracts with partners for North Field South, the second phase of the expansion. Sources told Reuters in June that China’s national oil majors were in advanced talks with Qatar to invest in North Field East.

Doha has faced mounting criticism, mostly from Europe, over its treatment of foreign workers and LGBT rights ahead of the World Cup that began on Sunday. It has denied discrimination and pointed to labour reforms, while organisers previously denied allegations of bribery to win hosting rights. In October his office summoned the German ambassador to object over critical comments by Germany's interior minister. The QatarEnergy boss said Habeck had never voiced such criticism of Qatar to him directly. The German minister, who is responsible for Berlin's energy portfolio, was in Doha in March and had said that long-term energy partnerships were being negotiated.

☆ QatarEnergy names ConocoPhilips partner for LNG expansion project
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +1 min

DOHA, Oct 30 (Reuters) - QatarEnergy's chief executive on Sunday named ConocoPhillips (COP.N) as the third and final partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. State-owned QatarEnergy had already announced Shell and TotalEnergies as partners in the North Field South expansion and Kaabi said each would hold a 9.375% stake. The North Field is part of the world's biggest gas field that Qatar shares with Iran, which calls its share South Pars. Kaabi said discussions continued with several Asian buyers as "value-added partners" on the North Field expansion, but that the Western international partners were all announced. Several supply agreements were being discussed in relation to the North Field expansion, he said, adding that there would be announcements in due course.

☆ QatarEnergy in talks for 30% stake in Lebanon offshore gas project, says CEO
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

DOHA, Oct 30 (Reuters) - State-owned QatarEnergy is in talks with the Lebanese government to take a 30% stake in an offshore exploration block and is also negotiating with TotalEnergies (TTEF.PA) and ENI (ENI.MI) on this matter, CEO Saad al-Kaabi confirmed on Sunday. "We are in the process of discussing that with the government of Lebanon and the partners, Total and ENI for a participation of around 30% ownership of that exploration block," Kaabi said. The initial exploration license was held by a three-part consortium of TotalEnergies, Italy's Eni and Novatek (NVTK.MM). The sources had said that the understanding between TotalEnergies and Lebanon was that the French group would enter negotiations with QatarEnergy over the former Novatek stake, and that Qatar was seeking a 30% stake, comprised of Novatek's former stake and a 5% stake from each of TotalEnergies and Eni. Offshore areas in the eastern Mediterranean and Levant have yielded major gas discoveries in the past decade.

☆ Qatar voices concern over disruption to global energy supplies
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

Oct 25 (Reuters) - Qatar's energy minister on Tuesday said that recent disruptions to global energy supplies have caused great concern over energy security and accessibility. Saad al-Kaabi, who is also head of QatarEnergy, added that energy crisis drove natural gas to forefront of global energy discussion. Reporting by Moataz Mohamed Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Qatar energy chief says oil and gas trade should be depoliticized
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

DOHA, Oct 24 (Reuters) - Saad al-Kaabi, the head of Qatar's state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements. The Group of Seven countries agreed last month to cap Russian oil sales at an enforced low price by Dec. 5. The European Commission also last week proposed its latest set of emergency measures to tackle high energy prices, but steered clear of an immediate cap on gas prices as EU countries remain split over the idea. More than 15 EU countries, including Italy, Poland, Greece and Belgium, have called for an EU gas price cap, but disagree on its design. Germany and the Netherlands warn capping gas prices could leave countries struggling to attract fuel from global markets during a winter with scarce Russian supply.

☆ A Europe with zero Russian gas flows is unimaginable as Asian competition for supplies heats up, Qatar's energy minister says
▼ + stars: | 2022-10-19 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +4 min

Qatar's energy minister told the FT he can't envisage a future with zero Russian gas flows to Europe. State energy giant recently Gazprom threatened to cut more supplies to Europe if Western price caps on Russian gas and oil are imposed. The Qatari energy minister said he couldn't envisage a future with zero flows of Russian gas to Europe. According to Kaabi, Europe's rush to secure long-term supplies of natural gas has put the region in "huge competition" with Asian importers. At last check Wednesday, European natural gas prices were up 3.33% at 117 euros ($114) per megawatt hour.

☆ Europe makes sharp U-turn from green energy - Qatar energy minister
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

Sept 29 (Reuters) - QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are "weighing painfully" on the global economy, dampening support for the transition to green energy. "Sadly, the growing economic burden has fizzled the euphoria over the series of energy transition plans, causing severe erosion in public support for reducing carbon emissions," Kaabi told a liquefied natural gas (LNG) conference in Japan. "Many countries particularly in Europe which had been strong advocates of green energy and carbon-free future have made a sudden and sharp U-turn. Analysts estimate Europe will need to import around 200 million tonnes of LNG over the next decade to phase out Russian gas. Kaabi stressed the need to invest in cleaner and renewable energies, including natural gas, to drive capacity and baseload capabilities.

The company's chief executive Patrick Pouyanne travelled to Doha to sign a deal with QatarEnergy chief Saad al-Kaabi for the North Field South (NFS) expansion, saying that the deal came at a "perfect time" when world leaders particularly in Europe were seeking new LNG supplies. Qatar's North Field expansion project will boost its position as the world's top LNG exporter and help guarantee long-term supplies of gas to Europe as the continent seeks alternatives to Russian flows. He said he could not disclose the total cost of the NFS project as some onshore contracts had not yet been finalised. Qatar's North Field expansion plan includes six LNG trains that will ramp up its liquefaction capacity from 77 million tonnes per annum (mtpa) to 126 mtpa by 2027. It awarded contracts for the first phase of the expansion project, North Field East (NFE), which includes four trains, earlier this year.

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