Qatar Petroleum is looking to get even larger by means of investing $20bn in America’s oil and gas fields.
Qatar, which is the world’s biggest seller of liquefied natural gas, will be making the investments over five years, as reported by Chief Executive Officer Eng Saad Sherida Al Kaabi.
It may be mentioned here that some of that will likely go toward lining up gas supplies for the Golden Pass LNG export project in Texas, being developed with Exxon Mobil Corp, as reported by The Peninsula.
CEO Al Kaabi pointed out that Qatar will probably be announcing a deal in the US before the end of the year.
He added that Qatar will also be looking to invest an additional $5bn in downstream assets, like chemicals projects, the CEO pointed out.
As a matter of fact, the state-owned company is looking at both shale and conventional resources in the US, as noted by Al Kaabi.
Tag: Qatar News