Qatar Petroleum will become the sole owner of Qatargas Liquefied Natural Gas Company Limited (QG1) as of 1 January 2022, upon the expiry of the QG1 joint venture
QG1, a joint venture between Qatar Petroleum and affiliates of Total ExxonMobil, Marubeni and Mitsui, was established in 1984 and pioneered the first LNG project in Qatar, paving the way for the development of the country’s successful LNG industry.
HE Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and president and CEO of Qatar Petroleum said, “The takeover by Qatar Petroleum will conclude more than 25 years of successful operations of QG1, from which the first ever Qatar LNG cargo was exported. This is a momentous event that highlights Qatar Petroleum’s efforts to further enhance the utilisation of our natural resources for the benefit of our country and its current and future generations, as well as to continue serving the world’s need for cleaner energy.”
“I would like to thank our valued partners, Total, Exxonmobil, Marubeni and Mitsui for their efforts in the development and operation of QG1 over the past three decades,” he continued.
With a production capacity of around 10 million tonnes per annum of LNG, QG1 facilities will continue to be operated by Qatargas on behalf of Qatar Petroleum.
