Qatar to Leave OPEC to Focus On Gas

By Eric Knecht DOHA, Dec 3 (Reuters) - Qatar said on Monday it was quitting OPEC from January to focus on its gas ambitions, taking a swipe at the group's de facto leader Saudi Arabia and marring efforts to show unity before this week's meeting of exporters to tackle an oil price slide. Doha, one of OPEC's smallest oil producers but the world's biggest liquefied natural … [Read more...]

Qatar Said to See $40 Billion Income Gain From Gas Expansion

By Mohammed Aly Sergie (Bloomberg) -- Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter. Rising income from sales of liquefied natural gas will leave the government with a budget surplus of about $44 billion in 2024, with the bulk of the … [Read more...]

PetroChina, Qatar Holding Advanced Talks on LNG Supply Deals, Sources Say

By Chen Aizhu and Meng Meng BEIJING, Aug 8 (Reuters) - PetroChina Ltd is in advanced discussions with Qatar to purchase liquefied natural gas (LNG) under short- and long-term agreements, three sources with knowledge of the talks said on Wednesday. China needs to secure LNG to supply its push to replace coal with cleaner burning natural gas to reduce air pollution. After … [Read more...]

Qatar Says New Port Will Help Circumvent Arab Sanctions

HAMAD PORT, Qatar, Sept 5 (Reuters) - Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield its economy against sanctions enforced by neighbouring Arab states. The Hamad port, 40km south of Doha, is one of the largest such facilities in the Middle East. Since Saudi Arabia, Egypt, … [Read more...]

Qatar Navigation Shifting Regional Hub to Oman Amid Diplomatic Rift

DUBAI, Aug 7 (Reuters) - Qatar Navigation (Milaha), a top Doha-based shipping and logistics group, said it was shifting its regional trans-shipment hub from Dubai to the Omani port of Sohar after a diplomatic crisis in the region disrupted Qatar's trade. Milaha is setting up a warehousing and logistics operation at Sohar, on Oman's northern coast, and is exploring other … [Read more...]