Qatar Petroleum to Take Full Control of Qatargas 1

Home Community Industry News Qatar Petroleum to Take Full Control of Qatargas 1

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    Greensea Systems
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    Qatar Petroleum said Tuesday it wouldn’t be renewing its Qatargas 1 LNG joint venture with Total, ExxonMobil, Marubeni, and Mitsui.

    Upon the expiry of the relevant joint venture agreements on December 31, 2021, Qatar Petroleum will become the sole owner of 100% of the Qatargas assets and facilities.

    Established in 1984, Qatargas 1 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,” Qatar Petroleum said.

    Read more by visiting MarineLink.com

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