Qatar to sign gas export deal with Spain in May

Published April 18th, 2001 - 02:00 GMT

Qatar will sign a deal next month to export up to 1.5 million tons of liquefied natural gas (LNG) to Spain, Energy Minister Abdallah bin Hamad Al-Attiya said in comments published Tuesday. "An agreement will be signed next month between Qatar and Spain," he told the official Qatar News Agency overnight. 

 

He also revealed plans to sell LNG to Lebanon, whose prime minister, Rafiq Hariri, arrived in Doha on Monday, April 16. Attiya said at the start of the year that China, France, Italy, Spain and Taiwan were being lined up for LNG export contracts totaling up to 12 million tons per year. The minister also said Tuesday that negotiations were also underway to agree prices to ship LNG through the Suez Canal to Europe. 

 

Qatar has plans for energy projects worth more than $15 billion covering upstream and downstream ventures, notably petrochemical plants. In 1997, Japan became the first LNG client of the Gulf emirate, which is home to 600,000 people, four-fifths of whom are expatriate workers, and sits on top of the world's third-largest gas reserves after Russia and Iran. 

 

Qatargas is a joint venture between state-owned Qatar General Petroleum Corp., with 65 percent, France's Total (10 percent), Mobil of the United States (10 percent) and Japanese firms Mitsui and Marubeni, each with 7.5 percent. —(AFP)  

 

© Agence France Presse 2001 

© 2001 Mena Report (www.menareport.com)

You may also like