The country’s LNG exports in 2022 is expected to exceed 8 million tonnes
liquefied natural gas
China
QatarEnergy signs 27-year-long LNG deal with China’s Sinopec
The Qatar company will supply 4 million tonnes per year on an ex-ship basis from its North Field East, which becomes operational in 2026
Abu Dhabi National Oil Company
ADNOC signs MoU with India’s GAIL to explore opportunities in LNG business
In another major step for UAE-India business ties, the two biggest energy companies will collaborate in LNG supply and decarbonisation and trading activities
Gas production
Shell invests in Qatar gas development
Shell will take a 9.375% stake in North Field South
Cairo
EU signs pact with Egypt, Israel for LNG exports to Europe
Under the deal, Israel will deliver gas to Egypt, where it will be liquefied and exported to Europe
Abu Dhabi National Oil Company
ADNOC plans natural gas plant in Fujairah as UAE looks to double LNG export to meet surge in demand
ADNOC has appointed McDermott International Ltd as the design contractor and intends to award a contract for the construction of the plant in 2023
Aramco Trading
Saudi Aramco expands downstream presence in Asia in collaboration with Thailand’s PTT
The MoU aims to boost cooperation across a wide range of activities, including sourcing crude oil; marketing refining and petrochemical products and LNG; and exploring blue and green hydrogen
Germany
Germany looks to the UAE, Qatar for oil and gas as it moves away from Russian energy
Germany – which gets more than half of its natural gas, half of its coal, and roughly a third of its oil from Russia – is in talks with the UAE and Qatar to meet its oil and LNG needs
Gas production
Gas crunch pushes anxious buyers to pay more for contracts
2021 saw the return of contracting activity to its highest levels over the last five years, says expert
ADNOC
UAE pushes ahead with $20bn gas project to boost exports
Abu Dhabi National Oil Co. will award engineering and construction work for the Dalma gas field in Arabian Gulf waters as soon as this week, sources
commercial vessels
Qatar places $760m order for liquid-gas ships with China
Qatar Petroleum said the vessels will be built by Hudong-Zhonghua Shipbuilding Group Co., a subsidiary of China State Shipbuilding Corp
bond issuance
Qatar Petroleum sells $12.5bn of bonds for gas push
Producer sold a four-part deal with tranches maturing in five, 10, 20 and 30 years, with the longest portion yielding 3.3%
bond issuance
Qatar Petroleum kicks-off first dollar bond sale in 15 years
State energy company may aim to raise around $10bn in what could be the biggest emerging-market debt offering so far this year
International Energy Agency
Qatar sees gas demand peaking around 2040, much later than IEA predictions
Qatar Petroleum’s capital expenditure will total almost $60bn from 2021 to 2025, according to a bond prospectus
energy investments
Qatar says big oil keen to invest in $29bn gas expansion
Qatar Petroleum executives have jetted around the globe in recent months to strike competitive deals with the fastest growing customers
bond issuance
Qatar petroleum plans $10 billion bond sale for gas expansion
The state producer is inviting banks to arrange what would be its first dollar bonds and is seeking between $7 billion and $10 billion of five, 10- and 30-year notes