BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





LNG pair Qatargas and RasGas to merge

13 Dec 2016 15:45 GMT

Qatar's two leading LNG companies are to merge under a single entity.



Qatar Petroleum has confirmed its intention to integrate the activities of liquefied natural gas (LNG) giants Qatargas and RasGas under a single entity - Qatargas.

Announcing the news in a press conference on 11th December, Saad Sherida Al-Kaabi, president and CEO of Qatar Petroleum, said: Al-Kaabi said: "The integration aims to create a truly unique global energy operator in terms of size, service and reliability. We will merge the distinctive resources and capabilities of Qatargas and RasGas to create even higher value for our stakeholders, and enhance our competitive position."

"The collective resources, talents, and capabilities of two global leaders will be joined to create an even more effective and efficient organization to uphold the best interest of the State of Qatar, our customers, and our shareholders," Qatar Petroleum's CEO added.

Al-Kaabi stressed that Qatar Petroleum's aim was "to become one of the best national oil companies in the world".

Qatargas is the world's largest LNG company, whilst RasGas is Qatar's second-biggest LNG producer. The integration process is planned to start immediately and is expected to be completed within the next 12 months.

Earlier this year, in April, Bunker Index reported that Qatargas had signed a memorandum of understanding (MoU) with Shell and United Arab Shipping Company (UASC). The MoU envisages LNG supplies for this initiative to be made available from Qatargas 4, a joint venture between Qatar Petroleum and Shell Gas B.V., with United Arab Shipping Company Line potentially using the fuel for its recently built container ships.

A similar agreement was signed in February between Qatargas, Shell and Maersk.






Related Links:

Qatargas, Shell and UASC sign LNG MoU
Shell, Qatargas and Maersk sign LNG MoU
World's first LNG ship-to-ship transfer
Glencore, Qatar in final-stage negotiations to buy 19.5% stake in Rosneft

Latest News:

Second large LNG-powered bulker launched for ESL Shipping
MHI targets development of gas-fuelled ships
Wartsila in maintenance deal for eight LNGCs running on dual-fuel engines
Kandla invites bids to provide shore power to ships: source
Brent dropped as traders apparently went for profit-taking
Oil and fuel oil hedging market update
Peninsula Petroleum to launch bunker supply operation in LA/Long Beach
Europe's first LNG bunkering pontoon enters construction phase
Clean Marine secures EGCS contract for seven chemical tankers
EIA inventory stats showing same tendency as API, but with less magnitude
Oil and fuel oil hedging market update
NCL completes scrubber retrofits for two cruise ships




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
Directory
Africa
Asia
Central America
Middle East
North America
North Europe
Oceania
South America
South Europe
Directory
Germany
Gibraltar
Greece
Hong Kong
Italy
Japan
Netherlands
Panama
Russia
Singapore
South Africa
South Korea
Spain
Turkey
United Arab Emirates
United Kingdom
United States
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Events
Upcoming Events