Exclusive: Qatar Petroleum - coronavirus turmoil will not stop LNG expansion abroad [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
Exclusive: Qatar Petroleum - coronavirus turmoil will not stop LNG expansion abroad DUBAI (Reuters) - Qatar Petroleum (QP) is pressing ahead with foreign as well as domestic expansion despite the global market turmoil caused by the coronavirus pandemic, its chief executive told Reuters on Monday. Saad al-Kaabi, who heads the energy portfolio of the world’s top liquefied natural gas (LNG) supplier, also said the company could seek to raise debt next year for its domestic North Field LNG expansion. Qatar, a tiny but wealthy country is one of the most influential LNG market players with annual production of 77 million tonnes. It plans to increase its LNG production to 126 million tonnes a year by 2027. Kaabi told Reuters QP will postpone the start of production from its new gas facilities until 2025 following a delay in the bidding process, but is not downsizing the world’s largest LNG project, the North Field expansion. “We are still going to expand externally. We have always focused on
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